Arnoldus van den Hurk reports that there are two large opportunities for renewable energy in mining ... renewables for electricity and renewables for fuel. For both scenarios hybrid energy architecture can be found in the form of hybrid power grids (mini grids) and hybrid fuel vehicles.
The impetus for electric vehicles in mining is being driven by the increasing competitiveness in the industry from Silicon Valley players such as Tesla, Google and Apple and from battery manufacturers including Panasonic, LG and Foxconn.
The price of ion-lithium batteries is following the same trajectory as PV prices over the last decade. The dramatic PV price drop resulted from the development of gigawatt factories in the silicon PV and silicon ingot markets. History seems to be repeating itself with Tesla Gigafactory, a facility focused on electric vehicle and energy storage for the residential renewable marketplace. Some commentators are actually forecasting even steeper reductions in storage prices driven by the momentum building in the convergence of IT, vehicle, residential and utility-scale energy storage.
Today, there are 5 to 7 battery giga-factories in construction and another 5 big facilities in the pipeline. This explosion of battery technology production will not only disrupt the automobile sector but will also greatly impact mining.
The combination of renewable resources, electric vehicles and battery technology will transform renewables to a 24/7 energy value proposition for mining. Additionally, the PPA project finance model that is currently being successfully deployed in mine-renewable projects could also be applied to the mining vehicle marketplace too, producing a Tesla Business Model for Mining.
In order to figure out the implications of this dramatic of electric vehicles (EV) in mining, we will look at 7 value propositions for mining with the analysis of Canvas business model ....
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