Virtual twins provide a peek into the future. Powering a modern mine using traditional fossil fuel may seem like the safe option today, but what will investors, future employees, and broader society think in five, ten, twenty years? How will investing in the transition to renewable energy today impact your mine’s operation and bottom line tomorrow?
Collectively, mining consumes up to 11% of the world’s energy, and powering a modern mine using traditional fossil fuel may seem like the safe option today.
However, with environmental and sustainability already driving a major step change across industries, what will investors, future employees, and broader society think of the mining industry in five, ten, twenty years?
Finding sustainable, cost-effective, and efficient ways to replace fossil-fuel energy sources at mines is an industry priority and Mining companies of all sizes are seeking ways to reduce their carbon footprint.
On March 24, 2021, Rio Tinto and renewable energy technology company Heliogen announced an agreement to explore the deployment of Heliogen’s breakthrough solar technology at Rio Tinto’s borates mine in Boron, California. Although still at the early planning stages, Heliogen’s proprietary, artificial intelligence (AI)-powered technology will use a network of mirrors to capture heat energy from the Californian sun to generate and store carbon-free energy to power the mine’s industrial processes…..
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