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10.06.2021 (474 Clicks)

Business Finland grants Funding for Keliber’s Lithium Project

Keliber has been granted maximum EUR 708,000 from Business Finland as part of the funding granted to the BATCircle 2.0 consortium.

10.06.2021 (459 Clicks)

Outokumpu appoints Tamara Weinert as President of Business Area Americas

Tamara Weinert has been appointed as President of Business Area Americas with immediate effect. She has been the Acting President of Business Area Americas and a member of Outokumpu Leadership Team since October 2020.

10.06.2021 (472 Clicks)

Norwegian Data Analytics Software to smarten Predictive Maintenance in the Oil & Gas Industry

Dietsmann Smart Labs, French-based 'New Tech' branch of energy industry veteran Dietsmann, has selected Norwegian Data Analytics specialist Arundo as its partner for a breakthrough development in the Predictive Maintenance of industrial plant. Dietsmann operates and maintains Oil & Gas and Power plants for major national and international energy companies in over 20 countries. The company has successfully pioneered Predictive Maintenance as a way to maximize output, save costs and achieve more sustainable performance by improving energy efficiency and reducing emissions.

08.06.2021 (433 Clicks)

ABB launches new Condition Monitoring digital Service, tailor-made for predictive Maintenance of Conveyor Belts

ABB Ability Condition Monitoring for belts collects and tracks data from conveyor belts to provide real time information about the health of the equipment, enabling planned and timely maintenance

08.06.2021 (447 Clicks)

Ontario Companies power forward on Hydrogen

Partnership to pursue potential pilot projects

08.06.2021 (481 Clicks)

Red Dog Mine Alaska in the USA: Ground Improvement in Permafrost

Red Dog Mine, one of the world’s largest zinc mines, is located in the north-west of Alaska, around 170 km north of the Arctic Circle and nearly 1,000 km to the north-west of Anchorage. The mine has been operating since the late 1980s with around 10% of the world's zinc extracted here in open-cast mining.

07.06.2021 (647 Clicks)

Voith Hydro and Swedish Mine Storage enter Development Partnership for the Advancement of Decarbonization

Voith Hydro, a leading global supplier of hydropower and pumped storage equipment, and Swedish company Mine Storage, a specialist in the field of underground pumped storage concepts, announce a development partnership to become the forerunners in a new market for underground pumped storage – offering so-called mine storages.

• Global phase-out of fossil fuels requires large-scale energy storage and grid stabilization.
• More than 90% of energy storage today is provided by pumped storage hydropower.
• Revolutionary concept for pumped hydropower in former mines will be elaborated in the collaboration between the two companies.

The Paris Climate Agreement has made clear that to prevent a global climate collapse, global warming needs to be limited to maximum 1.5°C. To achieve this, it is necessary to focus on the use of clean, renewable and resource-conserving technologies in energy generation. Hence, there is a need for transition from fossil fuels to low-carbon and sustainable alternatives, a move that Voith Hydro and Mine Storage aim to help facilitate.

For the global phase-out of fossil fuels, large-scale electricity storage is needed. More than 90% of energy storage today is provided by pumped storage hydropower, as it allows for quick response with incomparable flexibility to fluctuations in energy demand. This enables the integration of volatile renewable energy sources, such as wind or solar power, into the grid and stabilizes it. With the current stage of technology, it is the only possibility to store energy in an economically viable, large-scale way.

Mine Storage focuses on the rapidly emerging market for large-scale, fast-responding energy storage and plans to build sustainable pumped storage facilities in underground mines. These are called mine storages and can act as “batteries” that help balance the electric grid so that much more production from wind and solar energy can be added without creating a volatile electric grid that is prone to blackouts. There are more than one million abandoned mines in the world, and with mature, proven energy storage technology, mine storages can be a game changer for the environment.

Game changer for the environment

Replicating traditional pumped storage with upper and lower reservoirs in a new setting, like underground mines, can truly accelerate the transition from brown to green energy. The mining environment, however, puts new demands on the technology, thus the challenge lies in combining industry-specific knowledge from difference fields.

“Mine storages can have a huge impact on global CO2 emissions by enabling renewable energy production to scale. We do not have time to wait; we must act now,” says Thomas Johansson, CEO of Mine Storage. “Voith Hydro has shown a great flexibility and good understanding for the dynamics in early project development. Their approach and our shared vision of the global potential for mine storages make this partnership a valuable piece in our strategy to contribute to the phase-out of fossil fuels.”

Abandoned mines can serve as reservoirs for “green hydropower batteries”

About Mine Storage

Mine Storage is a Sweden-based company founded by experts with a strong track record in the energy sector. The idea for large-scale, fast-responding storage sprung out of the increasing amount of intermittent power generation, which causes imbalance in the transmission grids. The Mine Storage team will contribute to a sustainable future with fossil-free energy production by developing environmentally friendly energy storage plants in abandoned underground mines.

About the Voith Group

The Voith Group is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, the company today has more than 20,000 employees, sales of € 4.2 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.

The Group Division Voith Hydro is part of the Voith Group and a leading full-line supplier as well as trusted partner for equipping hydropower plants. Voith develops customized, long-term solutions and services for large and small hydro plants all over the world. Its portfolio of products and services covers the entire life cycle and all major components for large and small hydro plants, from generators, turbines, pumps and automation systems, right through to spare parts, maintenance and training services, and digital solutions for intelligent hydropower.

Source: Minestorage

                     

07.06.2021 (420 Clicks)

Anglo American completes Demerger of Thungela Thermal Coal Business

Anglo American plc announces the completion of the demerger of its thermal coal operations in South Africa. Thungela Resources Limited will start trading today through a primary listing on the Johannesburg Stock Exchange under the abbreviated name “Thungela”, and a standard listing on the London Stock Exchange (ticker symbol “TGA”). As a leading South African thermal coal exporter, Thungela offers investors access to a high quality thermal coal business with low cash cost and high-margin assets and a strong balance sheet, underpinned by a robust ESG framework.

07.06.2021 (468 Clicks)

Metso Outotec teams up with Mining and Construction Equipment Sweden and Värnamo Krosskonsult

Metso Outotec has signed a distribution contract with Mining and Construction Equipment Sweden AB and Värnamo Krosskonsult AB. The two companies will sell in cooperation Metso Outotec’s mobile and stationary crushing and screening equipment as well as crusher wear parts for the mining and aggregate customers in Southern and Central Sweden. They will also provide service support such as start-ups and repairs in the regions. The contract has come into effect in April 2021.

04.06.2021 (472 Clicks)

Historic Moment as HS2 launches first giant Tunnelling Machine

• HS2 launches ‘Florence’ – the first of 10 HS2 Tunnel Boring Machines (TBMs) that will dig 64 miles of tunnel on Phase One of the UK’s new high speed railway
• This first 170m-long TBM – the largest ever used on a UK rail project – will dig 10 miles of tunnel under the Chilterns, operating 24/7 for the next three years
• Transport Secretary Grant Shapps: “The tunnels these machines dig will ensure the benefits of our new high-capacity, high-speed railway run to the great cities of the North and Midlands, forging stronger connections in our country, boosting connectivity and skills opportunities, and transforming our transport links.”