NEW ENERGY FOR DIGGING AND DRILLING

Renewable Energy in the Mining Industry; Solar PV, Wind Power, Geothermal, Fuel Cells, and Solar Thermal in the Global Mining Industry: Market Analysis and Forecasts

4Q 2013 (Navigant Research)

“The mining industry is under continued pressure from shareholders and external stakeholders to reduce dependence on traditional energy resources. In countries where mining represents a significant percentage of gross domestic product (GDP), it can also be a significant draw on the country’s electricity grid infrastructure…[T]he industry has reached a tipping point and is transitioning from using solar, wind, and other renewable energy technologies in demonstration projects to an increased focus on larger scale deployments…[E]xternal and internal pressures are combining to provide an expansion of market opportunities for renewable energy providers to work with mining companies. Navigant Research forecasts that renewable energy technologies will supply between 5% and 8% of the world’s mining industry power consumption by 2022…” click here for more

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