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247Solar and ROST announce partnership to develop solar power for the mining industry

Published by
Global Mining Review,


ROST International Trading and 247Solar have announced a definitive agreement for the former to market the latter's modular, scalable concentrated solar power (CSP) technology to the worldwide mining industry.

Low cost

The 247Solar Thermal Storage System™ stores the sun’s energy as heat instead of electricity, eliminating the need for costly batteries, to ensure 24 availability. To guarantee electricity on demand, the plants’ turbines can also burn a variety of fuels, enabling power to be supplied around the clock in any weather for a fraction of the price of other renewables.

Reliability

The plants can be located in close proximity to mining facilities, which means minimal voltage drops during peak load requirements. Proximity to the mine also means that additional equipment such as shovels, drills, pumps, haul trucks (using overhead lines and pantograph systems), etc. can benefit from a sustainable power supply, further reducing costs and emissions.

Rapid construction, phased implementation

The company's plants use mostly factory-built components. Due to their modular design, the first 400 kW plant typically can begin supplying power in 6 - 8 months from the time of confirmed order, with completion of 10 MW in 12 - 15 months. Power for mine development, construction, pre-production, and production phases can be supplied incrementally, allowing for staged financing.

Environmental and social benefits

The company's plants use no water for operations and require minimal maintenance. Its technology enables mining operations to significantly reduce their carbon footprint and contribute to the company’s corporate social responsibility initiatives. Local communities and other social facilities may also benefit both immediately and after the mine has ceased operation, as the Plants can continue to supply local communities or be wholly or partially relocated to other sites.

Meantime, Bruce Anderson, CEO of 247Solar, said “ROST offers an extensive network of contacts, deep experience and industry expertise we need to present our unique round the clock clean power solution to mining operators worldwide.”

Read the article online at: https://www.globalminingreview.com/environment-sustainability/30102019/247solar-and-rost-announce-partnership-to-develop-affordable-solar-power-for-the-mining-industry/

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