The requirement to tackle, not only the climate crisis, but also the volatile energy market has become urgent. In the move towards weather-dependent renewable production, there is increasingly dependency on storage to secure and balance the electricity supply.
Mine storage technology is a proven, scalable way to safely store and distribute energy and help balance transmission grids. Mine Storage develops grid-scale energy storages in underground mines using closed-loop pumped storage hydropower. By leveraging the height differences in mines, large quantities of energy are stored using water and gravity. The operational model for each storage plant is developed to optimise revenue streams from local markets.