EMC said on Friday it had signed a non-binding MOU with strategic metals company TNG, to evaluate and implement energy supply options for its 100%-owned Mount Peake Vanadium Project, including the potential supply of a solar power system suitable to run with (appropriately given what they are mining) a Vanadium Redox Battery (VRB) system.
The agreement builds on TNG’s recent MOU with leading vanadium battery manufacturer for the supply of the Vanadium Redox Battery (VRB) to power the mine site and refinery at the Mt Peake Project.
The deal exemplifies the kind of exciting renewable energy opportunity the Abbott government failed to champion in its White Paper yesterday: the use of Australian-designed and made clean energy technology to power remote Australian mining operations owned by an Australian resources company that is producing “strategic metals” that could play a key role in the global battery storage boom.
And it’s not the only one. In Weipa, Northern Queensland, First Solar and Tag Pacific are converting a Rio Tinto bauxite mine to solar, and in WA Sandfire Resources is adding 10.6MW of solar PV and “6MW” of battery storage to its off-grid copper mine 900kms north-east of Perth.
Meanwhile, ARENA last year backed development of a 1MW portable solar-hybrid plant, designed by construction company Laing O’Rourke, to cater to mining and other short- and medium-term ventures.
The WA-based TNG says it is currently in the final stages of its advanced Feasibility Study for the project at Mount Peake, which comprises one of the largest undeveloped vanadium-titanium-iron resources in the world and has the potential to be a top-10 global producer of strategic metals.