Disruptive Technology for Energy Storage to Steel Production
The progress of global deployment and commercialization
Vanadium, Iron and Titanium recovered from Multiple Sources Efficiently and Sustainably
Development VTM Resource with 22.5km Geophysical Footprint
Former Crown Asset With Over 60yrs of Development next to Blackrock Metals Proposed VTM Mine and Concentrator
Copper Gold Exploration Projects and Royalties Available For Option or Sale
The Future of Sustainable Energy
Reusable and Lowest Cost Battery Electrolyte without Carbon
Current Demand and Price for Vanadium
Board of Directors, Advisory Board & Technical Team
Green process technologies to unlock critical metal supply
Strategic Partners and Memberships
Current Mandates and Pending Developments
Code of Business Conduct and Ethics
Presentations about Vanadium, Redox Battery Flow and more
Published: 13 Oct 2017, 09:40By: Tom Kenning
Maghreb CEO Hakim Marrakchi, who said he was inspored by rooftop solar on the roof of a Belgian chocolate factory, sought funding from the EBRD, which then provided a €4.6 million loan through its Finance and Technology Transfer Centre for Climate Change (FINTECC).
Adding cold storage also turned out to be a critical factor in allowing the solar plant to function well with the factory.
Marrakchi said: “For an efficient energy system to work, you need to have a balance between energy produced and energy consumed. Our energy needs vary widely and we wouldn’t always need all the energy the solar plant would produce. However, you can’t inject excess electricity into the national grid in Morocco, so we needed to find a way to store it.”
FINTECC also provided a €360,790 incentive grant and technical support financed by the European Union to implement a range of renewable-energy and energy-efficient technologies at the factory. Efficiency was critical given that Morocco imports a significant amount of its energy and is exposed to global price fluctuations as well as decreasing government subsidies.
Maghreb claims this is the largest rooftop PV project in Morocco. Meanwhile, the ice-based cold storage system allows the factory to store power during off-peak hours and use it during peak hours to cut costs. The factory also has energy management software, a heat-recovery chimney and external insulation.
Marrakchi said the project has not yet been fully implemented, but the solar plant is already producing up to 60% of the factory’s electricity needs, offsetting use of gasoline and grid electricity.
He also hopes that the project will inspire other businesses in Morocco to explore solar power and improve energy efficiency, since several other companies have already approached Maghreb asking for help on implementing similar plants.
Enter your email address below to start receiving VanadiumCorp and related Industry news directly.
We're here to answer your questions. Contact us by phone or email.
© 2019 VanadiumCorp Resource Inc., all rights reserved • Site Map • By Line49 Web Design, Vancouver BC