- Volt Power’s (VPR) 70 per cent-owned subsidiary EcoQuip Australia signs a six-month agreement with BHP Iron Ore to conduct a trial of its Mobile Solar Light Tower (MSLT)
- The MSLT is EcoQuip’s zero emission, zero OPEX and maintenance product
- The EcoQuip team has developed a specific MSLT design update to satisfy BHP’s comprehensive HSE standards and autonomous capability requirements which are the subject of the trial to be assembled and commissioned for scheduled deployment in June
- Deployment of 300 MSLTs across BHP’s global portfolio over a 10-year period could reduce diesel fuel consumption by 20 million litres and save $65 million in equipment, maintenance and operating costs
- VPR shares are up 25 per cent, trading at 0.3 cents as of 11:07 am AEST
Volt Power’s (VPR) 70 per cent-owned subsidiary EcoQuip Australia has signed a six-month agreement with BHP Iron Ore to conduct a trial of its Mobile Solar Light Tower (MSLT).
The MSLT is EcoQuip’s zero emission, zero OPEX and maintenance product.
The EcoQuip team worked over the last six months to develop a specific MSLT design update to satisfy BHP’s comprehensive HSE standards and autonomous capability requirements.
The towers will be assembled and commissioned for scheduled deployment in June.
Volt Power CEO and Managing Director Adam Boyd said the deployment is for a three to six-month period to allow BHP to complete a comprehensive MSLT technical evaluation and performance assessment.
“A successful trial outcome is the next critical step in EcoQuip’s objective to be selected to assist BHP to achieve its significant carbon intensity reduction targets across its global operations,” he said.
Mr Boyd also said displacing each site-based traditional diesel-fuelled mobile light tower with an EcoQuip BHP MSLT will abate carbon dioxide emissions, reduce hire and OPEX costs by approximately 40 to 50 per cent and reduce site-based service personnel requirements.
The BHP MSLT data telemetry, data analytics reporting and remote performance control capabilities are said to be able to deliver improved reliability and productivity, and reduce HSE risks associated with diesel-fuelled light tower service activities.
In theory, the deployment of 300 MSLTs across BHP’s global asset portfolio over a 10-year period could reduce diesel fuel consumption by 20 million litres and save $65 million in equipment, maintenance and operating costs.
BHP has agreed to pay the hire cost of the BHP MSLTs during the term of the trial deployment, providing immediate funds to the company.
VPR shares were up 25 per cent, trading at 0.3 cents as of 11:07 am AEST.