MOU signed to convert coal mine in Crowsnest Pass to renewable energy complex
CROWSNEST PASS, AB – Montem Resources has officially announced plans to turn one of their historical coal mines into a facility that would generate multiple types of green energy.
The company has signed a Memorandum of Understanding (MOU) with provincial crown corporation Invest Alberta, effective March 23, 2022.
The MOU will establish the Tent Mountain Renewable Energy Complex (TM-REX), what the company refers to as a “transformational clean energy project” with an estimated project life of at least 50 years.
Once completed, TM-REX will include a 320 megawatt pumped hydro energy storage facility, 100 megawatt green hydrogen electrolyser, and a 100 megawatt offsite wind farm.