Problem and Solution
Energy Problem
Renewables produce when it is windy and sunny, not when demand calls.
Mining Problem
The world has millions of abandoned mines, mostly un-rehabilitated
Solution:
Use abandoned mines to store energy, allowing renewable energy to be used when it is needed.
OUR TECHNOLOGY
Future Mining’s technology raises and lowers heavy weights in a mine shaft to capture and release the gravitational energy of the weights.
Our technology provides cheap, flexible energy storage.
Circular
Driving circular economic value by reusing old mine shafts to support green energy
Flexible
Provides short or mid duration storage or grid ancillary services
Sustainable
Low noise, small land use, no water, chemicals, or destruction of farmland. Our technology can be fully recycled, unlike battery options
Local
Locally sourced materials, supply chain and workforce create economic value in the local community
Cheap
Offering attractive economics due to reuse of infrastructure, high efficiency, low operating and maintenance costs and long life of the asset
Long Life
Our system does not degrade, meaning we invest once to match long run energy security needs, avoiding the costly performance degradation of batteries
