en.Wedoany.com Reported - Chile's state-owned copper mining company, Codelco, has been awarded the "2025 Innovation Deal of the Year" by consulting firm EY-Parthenon. Codelco received this recognition for its strategic alliance with I-Pulse, a company specializing in high-power pulse (HPP) energy technology. The deal, completed during London Metal Exchange (LME) Week in London in October 2024, involved Codelco acquiring a partial stake in I-Pulse.

The I-Pulse HPP technology introduced by Codelco, by applying high-power pulse energy in mining operations, is expected to significantly enhance the efficiency of processes such as crushing, precision cutting, and drilling. The comminution process (including crushing and grinding) accounts for approximately 50% of the mining industry's energy consumption. With the adoption of this technology, electricity consumption in this phase is expected to be reduced by up to 80%. For rock and mineral crushing applications, I-Pulse's I-ROX business unit utilizes gigawatt-level shockwaves and tensile forces to break rocks from within.

Maximo Pacheco, Chairman of the Board of Codelco, stated upon receiving the award: "At Codelco, we recognize that solving major challenges relies not only on operational efficiency but also on new technologies and partners with different mindsets. I-Pulse has a distinctly different way of thinking." With the assistance of I-Pulse's HPP technology, Codelco continues to drive technological transformation in the mining industry, committed to addressing the development challenges of more complex and deeper mineral deposits.

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