Gitega mining energy storage

Should closed mines be used for energy storage and geothermal energy plants?

The use of closed mines for the implementation of underground energy storage plants and geothermal energy plants has important environment benefits, but usually higher operation and maintenance costs (O&M) compared to conventional systems.

Can open pit mines be transformed into energy storage facilities?

The project overview for the Genex/ARENA pumped hydro project in Queensland noted that there were in fact numerous defunct open pit mines in the region that could be transformed into energy generation and storage facilities. These distinctions are not rigid.

Should energy storage be a key issue in mining?

The second place that energy storage emerged as a key issue was less expected: in their vision of “smart” and “sustainable” mines, mining companies see advanced energy storage as a key component of the so-called “future of mining” and their vision of the “mine of the future”.

Could old mines be revitalised as pumped hydro energy storage infrastructures?

Companies like Hydrostor (Canada) and Genex (Australia) have proposed one solution to the problem of depleted mines, offering the option of “revitalising” old mines as pumped hydro energy storage infrastructures.

Can energy storage be a source of untapped financial value for mining companies?

In the first two modalities of decarbonisation, energy storage becomes a source of untapped financial value for mining companies. As demand for renewable energy generation and storage grows, the demand for products that only mining companies can produce also grows, from lithium and cobalt and manganese to copper and aluminium.

Is energy storage a form of accumulation in mining decarbonisation?

Consequently, energy storage in mining decarbonisation is not only a form of accumulation, but a condition of possibility for sustaining and generating new forms of capitalist extraction. “Together, we are mining more sustainably.”