Australian gold mine will rent ‘storage-as-a-service’ to power operations

LinkedIn
Twitter
Reddit
Facebook
Email
Scotland’s Aggreko acquired German-American energy storage company Younicos in 2017. Image: Aggreko.

A megawatt-scale energy storage system will be rented out to power a gold mine in Western Australia by Aggreko, the mobile power solutions company which bought up energy storage provider Younicos last year.

Granny Smith gold mine, open since 1989 and operated by gold producer Gold Fields, will get an 8MWp solar PV array and a 2MW / 1MWh energy storage system which will be integrated with 24.2MW of existing natural gas generation capacity. As with all other Aggreko-Younicos projects since the takeover, the customer will procure the energy storage system under a rental contract.

The US commercial and industrial (C&I) market for energy storage, in particular, has started to see this type of “energy storage as-a-service” offering become more common, with the recognition that many businesses are not willing to pay the upfront capital cost for battery storage. Instead, such business models rely on the customer making savings on energy costs and the provider potentially earning some revenues from grid services, with the benefits shared between the two parties.

Aggreko said that the single service contract Gold Fields signed up to required no capital outlay from the customer, which Aggreko said eliminates technology risk, increases flexibility and ensures accountability over performance.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Construction will commence in May and is expected to finish towards the end of 2019. Fuel consumption at the mine could be reduced by 10% to 13%, with nearly all energy demand required for gold processing to be supplied by the hybrid power system.

The solar will reduce the need for thermal generation, while the battery will be used for a variety of applications, such as providing spinning reserve to local networks, ramp rate control for the PV plant and voltage and frequency support.

It’s the latest project to use a combination of solar and energy storage along with other generation and distributed energy management resources to help power mining operations, which are often energy intensive and remotely located in relation to grid networks. Recent examples reported by Energy-Storage.news include a 40MW hybrid solar, battery and heavy fuel oil plant at a gold mine in Mali, Africa which could offer around 40% energy cost savings to the facility and the addition of Ultra High Power lithium-ion nickel manganese cobalt (UHP NMC) batteries made by Kokam to natural gas generators at an off-grid site for Australian utility Alinta Energy.

Read Next

September 2, 2026
The Italian government has declared an AI data centre in development by Energy Vault, featuring hybrid energy storage technologies, to be of strategic national interest.
September 2, 2026
The Australian Renewable Energy Agency (ARENA) has confirmed the installation of the 100th community battery storage system under its Community Batteries Funding Initiative.
August 31, 2026
Rural and distributed battery energy storage system (BESS) projects could be emerging as critical infrastructure in the US as grid reliability risks intensify nationwide.
August 31, 2026
CIP has acquired full ownership of the 104MW Gawara Baya wind-plus-storage project in North Queensland, Australia, from developer Windlab.
August 31, 2026
Developers who buy or flip battery storage projects mid-life risk inheriting decommissioning liabilities they had not properly accounted for.