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The Clean Energy Finance Corporation (CEFC) is aiming for a greener resource sector by investing $5 million in electrifying mining operations.

The investment is in heavy-vehicle battery manufacturer, 3ME Technology who specialises in supplying lithium-ion battery systems to power electric mining vehicles and equipment.

Electric mining vehicles remove the need for diesel engines, leading to reduced emissions and more efficient operations.

The CEFC aims to support the evolution of industries during major transitions to clean and sustainable energy practices.

“The decarbonisation of Australia’s resources sector is critical to our clean energy transition and electrification has an important part to play. Mining vehicles have unique needs and 3ME Technology’s battery system is a purpose-built solution that will enable the sector to capture more of the benefits of clean energy,” CEFC CEO, Ian Learmonth said.

Momentum is building to decarbonise the energy and resource industries with many organisations adapting to introduce green initiatives.

The Net Zero Momentum Tracker Resources Sector report, by ClimateWorks Australia and the Monash Sustainable Development Institute found that 50% of the companies assessed have commitments aligned with net zero by 2050.

“A growing interest in clean supply chains means manufacturers are increasingly preferencing low carbon materials from suppliers. Replacing diesel engines with electric technology enables suppliers to reduce the carbon footprint of their mobile and transport equipment,” CEFC Executive Director, Western Australia and Resources, Rob Wilson said.

See the full CEFC media release here