Mine Storage uses the same proven technology as traditional pumped storage, but applies it in an innovative way by using the height difference that you can find in decommissioned mines. As such, the mine itself becomes a circular asset. There are more than 1 million mines that are no longer in use. However, they are not all suitable to become mine storages. This is where our expertise and or IP, called the Mine Storage WoWTM – or Way of Working comes in.
Site evaluation
Market analysis
Site rights
Draft permit process
Secure grid connections
Feasibility analysis
Risk analysis & migration
Capex, Opex and Revenue stream calcultations
Financial structuring
Consortium formation
Financial close
Detailed design
Procurement
Construction
Installation
Commissioning
Optimization of operation
Operational monitoring
Asset management
SPV administration
Industrializing the project development
The Mine Storage WoWTM covers all the way from qualification to an operational mine storage to ensure a profitable business case.
It involves everything from qualifying the mine, ensuring land rights, financing, procurement, and overseeing the construction.
Asset Management for operational mine storages
Once the site is in operation we provide asset management for which we have started to develop a software to optimize the trading strategy of the mine storages.
Suitable in most regions
By combining proven technology with a novel setting, the company Mine Storage has unlocked the potential to set up tailor-made energy storage facilities in any location with a suitable mine to repurpose.
End goal focus
At Mine Storage, we always approach our project development by first looking at the market rather than being driven by the maximum capacity of a mine site. The market and the revenue streams provide the input for the rest of the project.
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