The biggest generation company in New Zealand presses go on its first big solar farm, and reveals some interesting data around its output and pricing.
How much power will the BESS project at Whakamaru generate? It will have a total installed capacity of between 200-300MW. The BESS will connect to an existing 220 kV line via a new 33kV underground cabling into a new switching
The Glenbrook Battery Energy Storage System (BESS) project is tackling Aotearoa New Zealand''s electricity capacity and supply quality challenges in South Auckland. By boosting
The project will be developed at the Huntly Power Station, New Zealand''s largest thermal power station. Image: Genesis Energy. Genesis Energy, a listed New Zealand generation, wholesale, and retail energy
UK BESS developer Harmony Energy has established a joint venture with New Zealand energy group Clarus'' subsidiary First Renewables to develop a 200MWac solar project.
Battery Energy Storage Systems (BESS) are becoming essential in the shift towards renewable energy, providing solutions for grid stability, energy management, and
Meridian Energy, a New Zealand state-owned energy company, has completed the development of its 100MW/200MWh 2-hour duration Ruakākā BESS.
ENGIE BESS Ambitions 10GW worldwide operational by 2030 Vilvoorde BESS Project New 200MW / 800MWh Battery Energy Storage System Capacity Remuneration Mechanism (CRM)
BESS Revenue Models German BESS revenues fell below 100 €/kW/yr in Q1''2024 due to mild winter and weak gas prices. By Q3, revenues recovered above 150 €/kW/yr, supported by market volatility and automatic
IRR Definition: Internal Rate of Return (IRR) represents the discount rate at which the Net Present Value (NPV) of a project''s cash flows equals zero, offering insights into
The Glenbrook Battery Energy Storage System (BESS) project is tackling Aotearoa New Zealand''s electricity capacity and supply quality challenges in South Auckland. By boosting renewable energy flexibility, it will deliver reliable
The renewable energy park is expected to go online by mid-2023, and will likely be New Zealand''s largest-ever grid-scale battery farm. It will help improve the stability of the national grid, reduce the chance of network
The project is expected to be operational by the end of 2026. The Woolooga BESS, located near Gympie, Queensland, and co-located with the Woolooga solar farm, will
When is the first Bess project commissioned in New Zealand? Whilst amendments were first made to New Zealand''s Electricity Industry Participation Code 2010 (the Code) in 2018 to
In today''s article we line these 3 markets up ''head to head'' and look at BESS revenue stack performance in 2024 (vs the last 3 years). Key drivers of BESS revenue stack in 2023-24 There are some important common
Over recent years, it has become common for utility-scale solar projects in Australia to include a grid-scale battery energy storage system (BESS) to provide energy generated by the solar farm to the grid outside of the times
Construction on both BESS deployments began in Q1 2025, with commercial operations targeted for 2025 and 2026. The BESS systems will be charged and discharged daily to help meet peak electricity demand in New South Wales by
Harmony Energy is currently building a 100 megawatt (MW) BESS which is expected to be connected to the grid by mid-2026, and there is another 100MW proposal in
Georgia Power has identified locations for 500 MW of new BESS. The projects are expected to provide dispatchable power resources by the winter of 2026-2027.
The deal calls for Saft to equip a 100-MW/200-MWh facility at the Huntly Power Station, the country''s largest thermal power complex on New Zealand''s North Island. Saft said on Thursday it will engineer the battery
The Vilvoorde BESS project will be launched in two phases, with the commissioning of 100 MW of batteries in September 2025, and a further 100 MW in January 2026.
New Zealand''s transition to a renewable energy future has taken a significant step forward with the nation''s first grid-scale battery energy storage project now offering injectable reserves to
As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital constraints and rising market
'' pilot project that will procure 250 MW of BESS capacity for delivery between 2023 and 2027. This ''Fast Reserve'' project provides assets with capacity-based renumera-tion and allows new
Floors, revenue share, tolling, performance-based: discover the different BESS revenue strategies to maximise revenue and build bankable projects.
Georgia Power has identified locations for 500 MW of new BESS. The projects are expected to provide dispatchable power resources by the winter of 2026-2027.
New Zealand''s First Utility Scale Battery Energy Storage System (BESS) Gains Traction WEL Networks and Infratec are pleased to announce that they have entered into major contracts for the supply and build of New Zealand''s largest
The site is expected to be operational by late 2026, and come in under its budget of $150 million. Johns said this was the first stage of a multi-stage project that would see the Huntly Portfolio
The biggest generation company in New Zealand presses go on its first big solar farm, and reveals some interesting data around its output and pricing.
Over 70% of new solar and wind projects in 2024 are expected to include BESS integration Energy developers are increasingly incorporating battery storage into renewable projects to
BESS Revenue Models German BESS revenues fell below 100 €/kW/yr in Q1''2024 due to mild winter and weak gas prices. By Q3, revenues recovered above 150
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.
Whilst amendments were first made to New Zealand's Electricity Industry Participation Code 2010 (the Code) in 2018 to facilitate grid-scale BESS, the first significant (35MW) BESS project was not commissioned until March 2024.
External Factors that influence the ROI of a BESS The cost of electricity, including peak and off-peak rates, significantly impacts the ROI. Energy storage systems can store cheaper off-peak energy for use during expensive peak periods.
We expect that BESS will also become an increasingly important cog in New Zealand’s broader energy landscape and that we will see utility-scale solar projects incorporating batteries as a means of providing dispatchable generation during peak demand and enhancing grid stability.
There are two key direct revenue streams for a standalone BESS project: energy arbitrage and ancillary services. Energy arbitrage involves purchasing electricity to charge the batteries when wholesale prices are low and supplying that energy back to the grid when wholesale prices are higher.
BESS will become increasingly important in the future as New Zealand’s power system relies on more intermittent and variable generation. Work set out in the roadmap includes: Improving network pricing to maximise consumer benefits from new and emerging technologies, including BESS.
