Prague lithium energy storage power production
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PRAGUE ENERGY STORAGE
The storage system will support the transformation of the Czech power sector by providing power balance services and contributing to the stabilisation of the power grid.
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3 FAQs about Large-scale Solar Power Generation & Energy Storage
Where is the energy storage project located?
The project is located 100 km NW from Prague on the border with Germany, adjacent to a main road with two rail lines within 10km of the deposit. The project is situated in the heart of Europe with ready access to end user car makers and companies involved in energy storage.
Is Cinovec the lowest cost lithium producer in the world?
In January 2022 EMH released an update to the 2019 PFS which showed the vastly improved economics of the Cinovec Project as set out below. The 19 January 2022 PFS Update indicates that Cinovec has the potential to be the lowest cost hard rock lithium producer in the World. The Company’s ESG baseline dashboard report is available for public viewing.
What happened to the tungsten mine in Czechoslovakia?
A large underground mine was established to produce tungsten for the war effort. Mining and processing activities continued under the Czechoslovakian Government with the mine continuing to expand and producing tin as well as tungsten. Due to the fall of communism and lower tin prices, the mine was closed in 1993.
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