Entrusting mining and remote operations to innovative solar hybrid solutions that supplement existing power sources can help companies address their daytime electricity supply challenges.
Electricity is the lifeblood of industry and reliable electricity generation is particularly critical for the success of the resource extraction sector. While the mining industry has traditionally relied on electricity grids and onsite liquid fuel generators for its electricity needs, there is a growing global understanding that there is also a source of energy that begins and ends each day: a source that is sustainable and more affordable than ever before – solar power.
Innovation supplements existing power sources
Deploying sophisticated photovoltaic (PV) hybrid solutions that supplement existing power sources – such as the electricity grid or diesel generators – can help mining companies address their daytime electricity supply challenges, while minimising costs and lowering their environmental impact.
In this context, let us examine a remote mine, operating independently from the electrical grid and largely reliant on diesel generation to support its power requirements. The mine’s operational costs will need to factor in the price of diesel to power its generators, which is subject to international price and currency exchange volatility. Depending on the mine’s location, the logistical cost of transporting diesel to the site will also have to be added as will the cost of investing in…