The Elements of Innovation Discovered
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Mining powerhouse Rio Tinto is raising the renewable energy standard for all global industrialized sectors by completely powering its future Koodaideri iron mine in Pilbara, Australia with solar energy. Having approved of a US$98 million-dollar (A$144 million) investment in a new solar plant as well as lithium-ion battery storage at Koodaideri, Rio Tinto seeks to achieve a fully renewable mine site as early as 2021. This is expected to be Rio Tinto's first company-owned solar...
From the enormous equipment that dig up and haul ore to processing facilities that extract the sought-after metals, mines use a lot of energy. Over the past century, the largest share of this energy has come from fossil fuels. In recent years, however, an increasing amount of mine power is coming from renewable sources such as wind and solar. Many mines are in remote locations that are beyond the reach of electrical grids, making them ideal for considering renewable sources...