Looking ahead: Keys to success Several factors will define the energy storage market in 2025: the continued dominance of LFP chemistry and its downward impact on
Individual market dynamics and appetite for risk play an important role in the effectiveness of co-location as a hedge for renewable assets.
With strategic investments and cross-sector collaboration, electrochemical storage will anchor New Zealand''s clean energy future, ensuring its landscapes remain pristine while powering...
Eku Energy has acquired a 300 MW battery energy storage project in New Zealand''s Waikato region, marking its entry into the country. The project will be co-developed with Auckland-headquartered solar company
BSES Rahdhani Power Limited (BRPL) and Global Energy Allaince for People and Plant (GEAPP) together have launched India''s first ever commercial standalone BESS, expected to
As of June, grid operator Transpower had six connection requests for standalone BESS, 25 for solar-plus-storage projects, and one wind-plus-storage request. Eku
While the energy storage market continues to rapidly expand, fueled by record-low battery costs and robust policy support, challenges still loom on the horizon—tariffs, shifting tax incentives, and supply chain uncertainties
Which major battery projects are currently in testing and expected to reach commercial operation in 2025. How CAISO''s Resource Adequacy market is shaping battery investment and financing decisions. To get full access to Modo
The energy storage landscape is changing quickly as scientists work to create better and longer-lasting storage solutions. Experts are focused on improving smart grids to ensure that electricity systems work well and are.
Note: Project timing was re-prioritised in Q3 2024 due to the failure of rig-less interventions on Copper Moki-1 & 2 meaning all free cash has been directed to completing the Tariki Project in
As of June, grid operator Transpower had six connection requests for standalone BESS, 25 for solar-plus-storage projects, and one wind-plus-storage request. Eku Energy is jointly owned by Macquarie Asset
Electric power distribution company WEL Networks and developer Infratec have launched their grid-connected battery energy storage system (BESS) in New Zealand. The two companies said last Friday (20
Meridian Energy has completed construction of New Zealand''s first large-scale grid-connected battery energy storage system (BESS) at Ruakākā, with an official opening
Several key factors influence the ROI of a BESS. This article explores the various factors influencing the return of investment of BESS.
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.
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%
The battery storage technologies do not calculate levelized cost of energy (LCOE) or levelized cost of storage (LCOS) and so do not use financial assumptions. Therefore, all parameters are
In Aotearoa New Zealand we are fortunate to have a strong history of investing in renewable energy. The continuing investment in renewables is supporting New Zealand to meet the
New Zealand''s Energy Outlook presents projections of future energy supply, demand, prices and greenhouse gas emissions, aimed at informing the energy debate.
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
U.S. Market 35 GW — New energy storage additions expected by 2025 (link) $4B -- Cumulative operational grid savings by 2025 (link) 167,000 — New jobs by 2025 (link) $3.1B — Revenue
New Zealand''s future is electric. More electricity generation is needed to meet increasing demand and to replace fossil fuel-fired generation. Increasing electricity production will also enable the decarbonisation of the
Energy use in New Zealand This report presents information about the energy consumption patterns in Aotearoa New Zealand, with analyses by fuel type and energy-consuming sector.
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
If you''re like most solar shoppers, you''re considering an energy storage system primarily for resilience: as a source of backup power during outages. Standalone storage may be able to help provide backup power but
New Zealand''s total energy supply decreased in 2024, mainly due to ongoing field depletion and lower supply of gas. At the same time, growth in domestic renewable energy production saw
The NZ Battery Project was set up in 2020 to explore possible renewable energy storage solutions for when our hydro lakes run low for long periods. A pumped hydro scheme at Lake Onslow was one of the options
Introduction New Zealand''s energy sector experienced the first year of the new coalition Government''s policy workplan in 2024. The Government''s legislative focus is to enable
Saticoy, a 4-hour duration 100MW standalone BESS project in California, US. Image: Arevon Asset Management. The levelised cost of storage (LCOS) for battery storage in
6-10 month pathway to new gas production Restoration projects planned for low investment, quick pay-back opportunities – including new gas storage solutions
Key takeaways from this report: Having a high degree of renewable energy generation means New Zealand needs the capacity to store energy for the times when nature does not align with
Eku Energy has bought a major battery energy storage project in New Zealand’s North Island to build out its storage assets. Eku Energy has acquired a 300 MW battery energy storage project in New Zealand’s Waikato region, marking its entry into the country.
Meridian Energy has completed construction of New Zealand’s first large-scale grid-connected battery energy storage system (BESS) at Ruakākā, with an official opening ceremony scheduled for later today.
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.
New Zealand's energy sector experienced the first year of the new coalition Government's policy workplan in 2024. The Government's legislative focus is to enable regulatory settings for industry development and investment, rather than the Government making direct investment into the sector.
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).
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: