These long-duration battery storage systems are aimed at supporting large, utility and commercial-scale renewable energy projects.
“There is a depth of knowledge in Africa about responsible sourcing, and how these initiatives by the EU can be guided and supported."
It has submitted a global patent to turn purpose-built shafts into pressurised energy stores, capable of accumulating gas.
The sector faces pressure from governments, investors, and society to reduce emissions. Mining is responsible for 4 to 7% of GHG emissions.
This is in line with Kibo’s strategy to integrate renewable energy into its project pipeline, including three utility-scale power projects.
“This agreement provides the mine to a combined 240 MW of clean, renewable electricity from Mwadingusha and Inga II hydropower plants.”
Mining companies are well-positioned to implement cost-saving and efficient renewable energy solutions.
Companies in Africa believe that a priority for driving sustainability in the sector is increased renewable utilisation.