A modern, affordable and secure energy system is fundamental to building a stronger and more productive economy. New Zealand''s energy system has served us well to
References Invest New Zealand – A comprehensive resource for understanding government incentives and support systems available for investors in renewable energy in New
Significant investment is also occurring in the UK, where work is set to begin on the world''s first commercial liquid air energy storage project in 2025, in addition to a number of
Energy storage deployment across North America broke records in 2024, driven by falling battery prices, increased system efficiencies, and growing market opportunities. Globally, energy storage deployment increased
The future of energy in New Zealand With diverse renewable energy options, our country is well-positioned to transition to a sustainable, low-emissions energy system.
The Harmony Energy New Zealand (NZ) and First Renewables joint venture (JV) have approved the final investment and successfully completed financial close on the 202 MW Tauhei Solar Farm on Aotearoa NZ''s North
With strategic investments and cross-sector collaboration, electrochemical storage will anchor New Zealand''s clean energy future, ensuring its landscapes remain pristine while powering...
Background Residential solar systems and battery storage are expected to play an increasingly important role in New Zealand''s energy future, aligning with EECA''s renewables energy
Meridian Energy, a New Zealand state-owned energy company, has completed the development of its 100MW/200MWh 2-hour duration Ruakākā BESS.
Aotearoa New Zealand''s approach to energy governance to date is fairly unique, in that investments in power generation are market-driven, largely financed from the balance sheets of incumbent players, without formal
The need for energy storage: Firming New Zealand''s renewable energy Context fortunate to have a strong history of investing in renewable energy. The continuing investment in renewables is
This event will bring together key stakeholders from across the region to explore the latest trends in energy storage, with a focus on the increasing integration of energy storage
New Zealand''s electricity system remains heavily dependent on hydro generation, especially in the South Island, where facilities like Manapouri and Clyde dams dominate.
Build new generation or storage assets, recognising that renewables could be an expensive option, but the investment case for new gas turbines is currently difficult.
We expect 2025 to see the sector making the most of the new frameworks, including the continued push to attract foreign investment to support the transition to a more renewable
Despite increases in energy demand in the residential and agriculture, forestry, and fishing sectors, national energy demand fell due to lower industrial energy demand. Aviation fuel
New Zealand''s abundant natural resources, streamlined regulations, and a global reputation for environmental leadership, create ideal conditions for investment in renewable energy and
Introduction Battery energy storage presents a USD 24 billion investment opportunity in the United States and Canada through 2025. More than half of US states have adopted renewable energy
Several key factors influence the ROI of a BESS. In order to assess the ROI of a battery energy storage system, we need to understand that there are two types of factors to keep in mind:
6-10 month pathway to new gas production Restoration projects planned for low investment, quick pay-back opportunities – including new gas storage solutions
Energy storage is integral to achieving electric system resilience and reducing net greenhouse gases by 45% before 2030 compared to 2010 levels, as called for in the Paris Agreement. China and the United States
Australia has a massive pipeline of grid-scale battery energy storage projects. 16.5 GW of new battery projects could arrive in the NEM in the next 3 years.
The 22 renewable electricity projects listed for fast-track will help us achieve that ambition and bolster New Zealand''s energy security," Mr Brown says. New Zealand: Fast-track projects
This shortfall in renewable investment is likely to keep fossil-fuelled generation in the market, to avoid electricity shortages. Hence spot prices will remain high, as indicated by
Furthermore, the New Zealand Ministry of Business, Innovation and Employment estimates there is approximately 14,700 MW of potential additional capacity – providing ample scope for
Energy outlook 2025: emerging trends and predictions for the power industry Geopolitics, supply chains, energy storage, EVs, nuclear and hydrogen are the key themes expected to shape the global power landscape in 2025.
This article comments on some of the highlights and where we see clear signals that New Zealand is "open for business" for further BESS development at scale.
As New Zealand pivots towards a sustainable future, renewable energy projects present a unique opportunity for investors looking to make a positive impact while reaping
New Zealand''s energy transition continued to be a hot topic in 2024, bringing both challenges and opportunities in the M&A space. We have seen a steady number of renewable
This shortfall in renewable investment is likely to keep fossil-fuelled generation in the market, to avoid electricity shortages. Hence spot prices will remain high, as indicated by the predicted winter 2023, 2024 and 2025
The choice of fuel used for storage is critical for security, price stability and environmental impact. There is value in New Zealand having diversity for its storage solutions, as seen by the impact of the lack of gas in Winter 2024. Working with every facet of the energy industry, to help clients respond to business issues and trends.
Construction of the BESS, located south of Whangārei, the northernmost city of New Zealand, began in early 2023 and was completed within the project’s original budget of NZ$186 million (US$109 million). It forms stage two of Meridian’s Ruakākā Energy Park development.
Off the back of its experience in Winter 2024, Genesis asked KPMG and Concept Consulting to assess the future requirement for Huntly assets to support New Zealand’s energy security over the short, medium, and long term. Key takeaways from this report:
The Electricity Authority (EA) has released its regulatory roadmap for battery energy storage systems. It is clear that the EA recognises the value of BESS and will continue to enhance the regulatory environment to enable BESS to operate competitively and efficiently as part of the New Zealand’s energy mix.
Concept Consulting’s modelling shows that without thermal generation from the Rankine units as part of New Zealand’s energy storage solution, wholesale electricity prices would likely be 60% higher in the short-term (the next two-to-three years) and 11% higher in the long-term (ten+ years).
As with other electricity markets around the world, the use of renewables means the market faces great exposure to climatic conditions and therefore New Zealand requires significant amounts of ‘flexible’ generation that can vary output to balance the variations in weather.
