Vattenfall, Boliden ink deal for electrification of mines, smelters

The companies will develop business solutions that include solar panels, batteries, recycling of new generation car batteries and electric transport

Reports confirms that Vattenfall and Boliden have entered into an agreement to jointly assess the technical developments to electrify smelters and mines, supporting a fossil-free future and circular economy. It would be a four-year partnership agreement that includes battery solutions to optimize electricity consumption and support the electricity grid.

According to company officials, both the companies are committed towards a progression to a sustainable society, which simply means lowering dependence on fossil fuels. Under this strategic agreement, the companies will develop business solutions that include solar panels, batteries, recycling of new generation car batteries and electric transport.

Magnus Hall, President and CEO of Vattenfall stated that both the companies can work together on this project and it will require investments and technological change in new solutions, with opportunities being there for both the organizations.

In addition, industrial partnerships like this are very important if the companies have to progress on the electrification of industry and allow living fossil-free within one generation, Hall said.

Vattenfall is allegedly capable of evaluating and enabling the introduction of fossil-free technologies, as a technology-independent partner.

As per Mikael Staffas, CEO of Boliden, in the field of base metals Boliden is one of the Europe’s largest players. These metals are considered a vital part of the solution for achieving challenging climate targets in the society.

Boliden has smelting and mining operations in Finland, Norway, Ireland, and Sweden with the prime sources of fossil emissions including process heat, coke as a reducing agent, and diesel vehicles.

Supposedly, the first step of this partnership will be implementing modern energy solutions at the Bergsöe lead smelter in Landskrona which is one of the biggest recyclers of car lead batteries in Europe. Also, solar panels that will generate renewable electricity to power the plant will also be installed in a short span of time.