Magnetite: perfect mineral for sustainable heat storage
15 July 2020
Magnetite has proven to be the ideal mineral for energy storage. In cooperation with the University of Barcelona and the international research institute CIC Energigune, LKAB Minerals researches how magnetite can be effectively used as thermal energy storage material. The first results from a Moroccan pilot plant with thermal energy storage (TES) tanks show that high efficiency of energy storage is possible. “Energy storage in magnetite is remarkably applicable in industries worldwide”, says Leon Hendriks, Business Development Manager Magnetite at LKAB.