Energy storage industry and mining bridgetown relationship

Why is energy storage a challenge in the mining industry?

The challenge, however, is that the mining industry requires an immense amount of energy storage capacity and for much longer time periods than much of the current battery technology can provide. “We are hoping that as the technology grows, [the storage capacity and duration] will increase.”

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”.

Will the energy storage industry thrive in the next stage?

The energy storage industry is going through a critical period of transition from the early commercial stage to development on a large scale. Whether it can thrive in the next stage depends on its economics.

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.

How many electrochemical storage stations are there in 2022?

In 2022, 194 electrochemical storage stations were put into operation, with a total stored energy of 7.9GWh. These accounted for 60.2% of the total energy stored by stations in operation, a year-on-year increase of 176% (Figure 4).

Should mining companies invest in energy storage?

If the goal of for-profit companies is to extract as much profit as possible, then energy storage emerges as a convenient reserve of both economic and moral value that mining companies (and perhaps mining companies alone) are well-positioned to exploit.