Rockwell Makes Electric Vehicle Industry More Sustainable
Rockwell Automation (NYSE: ROK) is contributing to the sustainability of the electric vehicle (EV) industry through its work with the Resolution Copper Project, a joint venture between Rio Tinto and BHP.
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Rhea-AI Summary
Rockwell Automation (NYSE: ROK) is contributing to the sustainability of the electric vehicle (EV) industry through its work with the Resolution Copper Project, a joint venture between Rio Tinto and BHP. The project aims to extract copper from a deposit that could supply nearly 25% of US copper demand, with enough copper to manufacture almost 220 million EVs by 2040.
Rockwell's solutions have helped Resolution Copper achieve significant energy savings and increased system efficiency. By implementing variable speed drives and distributed control systems, the project has seen a 5% increase in system efficiency and a 10% decrease in utility costs since July 2023. These improvements translate to about $1 million in annual savings, which Resolution Copper plans to reinvest in other sustainability initiatives.
Positive
- Rockwell's solutions led to a 5% increase in system efficiency for Resolution Copper
- Resolution Copper achieved a 10% decrease in utility costs
- The project is saving approximately $1 million annually in energy costs
- Rockwell's technology is contributing to the sustainability of the EV industry
Negative
- None.
Details
News Market Reaction – ROK
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NORTHAMPTON, MA / ACCESSWIRE / September 17, 2024 / Electric vehicles (EVs) use four times more copper than conventional vehicles. The Resolution Copper Project has enough copper to manufacture almost 220 million EVs, or about half the global supply, by 2040. At 1.3 miles underground, getting to that copper safely and sustainably is the top priority for the Resolution Copper Project.
This project is a joint venture between mining giants Rio Tinto and BHP. These companies identified a copper deposit in the southeastern U.S. large enough to potentially to supply nearly
Rockwell Automation (NYSE: ROK) has a variety of options to help customers achieve sustainability goals- from visibility into current state to hardware that reduces energy use to software that identifies opportunities for optimization.
For Resolution Copper Mining, Rockwell targeted reducing energy use by implementing variable speed drives and increasing worker safety with distributed control. Since switching to variable frequency drives as part of its initial ventilation and chilling system upgrades in July 2023, Resolution Copper has seen a
Learn more about how Rockwell is helping Resolution Copper achieve substantial energy savings and increased system efficiency.
View additional multimedia and more ESG storytelling from Rockwell Automation on 3blmedia.com.
Contact Info:
Spokesperson: Rockwell Automation
Website: https://www.3blmedia.com/profiles/rockwell-automation
Email: info@3blmedia.com
SOURCE: Rockwell Automation
View the original press release on accesswire.com
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