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Economic Development Zones - Case Study

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Sep. 20, 2022
Courtesy of247Solar Inc.

Emerging economies require more power, every hour, not just when the sun shines or the wind blows, but all the time — reliably, economically, and cleanly. But the world will no longer finance fossil fuel baseload power plants. What to do?

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OUR SOLUTION

Economic Development Zones Using 247Solar Plants™

The old paradigm of large central power plants is obsolete. The new paradigm is distributed power – PV, wind, and batteries located closer to the customer. But rarely can these resources provide baseload power. Enter 247Solar Plants. This new, modular, game-changing solution operates every hour of the year to provide the super-reliable baseload power essential for economic growth. If located near the point of use, they provide the additional benefit of 24/7 industrial-grade heat. Governments can then create Economic Development Zones to attract new industries and create jobs.  Additional benefits include:

PATHWAY EXAMPLE
A mineral sands mining operation (high-grade silica for use in PV cells) in Queensland, Australia, transitions from 100% diesel to 24/7 carbon-free power as each genset reaches end of life.

  • Requirement:Initial 1.1MW renewable power growing to 4.0MW within 3 years
  • Implementation:
    • Phase 1 pilot:  1 x 247Solar Plant (400kW) 
    • 1 x STAG-Tech Modular Wind Turbine (200kW)
    • 1 x 247Solar HeatStorE battery (200kW/1.8MWh)
    • PV: 0.5MW
  • Phase 2 PPA:Pilot plus up to additional 10MW of clean power as gensets reach end of life

OUTCOME

  • Gensets phased out
  • Reduced carbon footprint of 90%; reaches 100% if/when green hydrogen is used for the remaining 10%
  • Reduced cost of power up to 90%
  • Reduced operating costs for power equipment up to 5

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