The aim of this project is to help the industry address challenges around energy management.
Meeting the net-zero goal successfully relies on operationalizing best practices. While many companies are setting net-zero goals, it’s clear that the main concern across the industry has to do with implementation, and a common challenge around this involves energy management.
This project will be led by Sustainability Working Group.
A holistic approach to energy management involves viewing energy as an asset rather than a commodity. This means, to understand energy management, it needs to be managed across the whole lifecycle of the mine from generation to regeneration.
As the industry moves towards decarbonization and reducing the amount of fossil fuels being used, there is going to be a significant increase in the amount of electricity or any alternative types of energy needed. It is important to understand the work required on the process of planning and optimizing the energy that will be used.
The approach the industry can take to be more sustainable can start with mapping out energy management strategies and looking at all the aspects around energy that are impacting mining. Proper energy management can help with not only meeting net-zero goals, but also help to optimize the mine and make the implementation of new technologies more operationally efficient and cost-effective.
The objective is to develop a guideline taking a holistic approach and looking at all the different aspects of the mine and identifying energy management strategies. The development of the guideline will be a collaborative effort to guide the industry on energy management considerations and how it can support sustainability efforts.
A holistic energy management guideline can provide a framework for mining companies to address the key challenges related to energy management and decarbonization.
By providing a guideline that looks at how the whole system connects, the industry can identify areas where they can improve their energy management practices and adopt new technologies and methods to achieve sustainability goals.
A holistic approach can consider not just the technical and economic aspects of energy management, but the social and environmental implications, making a more equitable transition to a sustainable future for all stakeholders.
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Looking at energy management holistically includes considering: