PRESS RELEASE: EMC will conduct an alternative power study to assist TNG to assess vanadium redox battery (VRB) storage technology and on-site renewable energy options for the Mount Peake mine and Darwin refinery sites.
The objective of the study is to determine the viability of deploying these options to deliver a reliable and cost-effective on-site energy solution. This will involve an evaluation of various renewable energy technologies as well as assessing the opportunity for funding from the Australian Renewable Energy Agency (ARENA).
An initial assessment by EMC has identified several viable renewable energy options, each capable of delivering clean, reliable and affordable energy to each of the TNG sites.
The agreement with EMC builds on a previous MoU to evaluate and implement energy supply options for Mount Peake including the potential supply of a state-of-the-art solar power system. TNG is also working with a leading global vanadium battery manufacturer for the potential supply of a VRB at Mount Peake.
TNG managing director Paul Burton said the use of renewable energy to supply the Mount Peake mine and refinery sites would complement the company's strategic focus on the production of energy metals.
"The Mount Peake project is set to become a major supplier of metals to the rapidly expanding renewable energy sector, so we believe it is important that TNG also plays a pioneering role in the use of clean energy within the Australian mining and resources industry," he said.