Capital Equipment News October 2022

HEAVY EQUIPMENT

Recent announcements by several industry players highlight the urgent need to electrify off-highway machinery to help the sector reduce greenhouse gas emissions and drive the sustainability agenda.

Accelerating electromobility in heavy equipment

As the heavy industry’s need to transition towards climate resilience remains urgent, one of the most economically viable options to decarbonise operations is to electrify heavy equipment, such as diesel trucks and excavators. Given the rapid pace at which battery technology is developing, electrification of heavy machinery is firmly upon us. By Munesu Shoko. A lthough large capital investments are required for mines and quarries to fully decarbonise, certain measures such as adopting renew ables and electrification of equipment, are gaining traction. While electromobility responsible for 4 - 7% of GHG emissions globally, yet industry figures show that only 0,5% of mining equipment is fully electric. A McKinsey & Company research report, Harnessing momentum for electrification in heavy machinery and equipment, notes that battery-electric adoption could offer sizable potential in heavy machinery. There is already a strong business case for some applications and addressing barriers could unlock more opportunity. initially focused on compact type machinery such as mini loaders and excavators, recent developments in battery technology promise to accelerate the electrification of heavy equipment. Announcements by several industry players highlight the urgent need to electrify off-highway machinery to help the industry reduce greenhouse gas emissions (GHG) and drive the sustainability agenda. The mining sector alone is The research shows that battery electric technologies can be economically viable in several heavy machinery and equipment and applications relative to conventional powertrains. Under certain assumptions and scenarios, total

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CAPITAL EQUIPMENT NEWS OCTOBER 2022