Marubeni Corporation Joins “Charge On Innovation Challenge”, a Global Mining Truck Fleet Electrification Competition

Oct. 05. 2021
Marubeni Corporation

Marubeni Corporation (hereinafter, “Marubeni”)joined Charge On Innovation Challenge (hereinafter, “Charge On”), a global competition for technology innovators seeking to electrify mining truck fleets, as a prospective investor.

In order to achieve a low carbon-emission society, cutting emissions from surface mining operations is an important mission. Therefore, it is essential to develop new concepts for large-scale haul truck electrification systems that can help the mining sector reduce its consumption of diesel fuel, which is a primary source of carbon-emission. To solve this challenge, BHP, Rio Tinto, and Vale (hereinafter, the “Founding Patrons”), three of the world’s biggest resource companies, in partnership with Austmine, Australia’s leading industry body for Mining Equipment, Technology and Services (“METS”), have launched Charge On in May 2021.

The Founding Patrons have called other global mining companies (hereinafter, the “Patrons”) and companies which have technology to electrify mining truck fleets for joining. Roy Hill, an Australian iron ore mining company in which Marubeni holds interests, and Antofagasta, a Chilean copper mining company with which Marubeni has a partnership, have also joined Charge On. Current stationary charging system/battery technology constrains how much energy can be carried on board a truck. Charge On is expected to attract additional interest from resource companies that maintain substantial haul truck fleets and are looking for innovative concepts to charge their fleets.

Furthermore, Marubeni will explore this opportunity to enhance its cost competitiveness and develop new business by utilizing all resources of the Marubeni Group network, and supports the Founding Patrons, the Patrons, and the technology innovators who participate in Charge On.

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WEB Page:https://chargeoninnovation.com/