An uninterruptible power supply (UPS) offers guaranteed power protection for connected electronics. When power is interrupted, or fluctuates outside safe levels, a UPS will instantly
NZ''s renewable electricity broke a record in the last quarter of 2022, climbing to nearly 95% of all power generated. We look at the potential generation mix for Aotearoa by 2030.
The New Zealand Government has a legislated target of achieving net-zero carbon emissions by 2050, and an aspirational target for 100% renewable electricity generation
We tested and researched the best home battery and backup systems from brands like EcoFlow and Tesla to help you find the right fit to keep you safe during outages or reduce your reliance on grid
This Practice Note discusses changes to financing structures for battery storage projects after the enactment of the Inflation Reduction Act. This Note also discusses the fixed and variable
Over the period 2016-2023 the New Zealand Government investigated options to ensure sufficient energy storage for electricity generation in the event of future low rainfall resulting in
Investigate options to resolve New Zealand''s ''dry year risk'' problem in a highly renewable electricity system, with the aim of identifying the best option, or combination of options, to
Minute of Decision This document contains information for the New Zealand Cabinet. It must be treated in confidence and handled in accordance with any security
About 20% of New Zealand''s nearly 10 GW of operating power generation capacity is comprised of gas- and coal-fired resources, but those will soon be replaced as the country aims toward a
In addition to GIDI-backed projects, this includes investigating options to manage the dry-year risk through the New Zealand Battery Project (to displace backup fossil generation), a proposed ban on new low- and medium-temperature coal
Proposal 1 This paper provides a progress update on the project known as ''the New Zealand Battery'', a project to investigate the feasibility of options to address New Zealand''s dry year
The market for battery energy storage systems is growing rapidly. Here are the key questions for those who want to lead the way.
This section provides an overview of New Zealand''s existing electricity system, the current climate change and decarbonisation policy and strategy framework, what this
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital
Power & Project Finance Benefit from a specialized team of experienced industry experts with a proven record of structuring and efficiently executing custom financing solutions for owners of
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
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 large-scale BATTERY 2030+ research initiative aims to invent the batteries of the future by providing breakthrough technologies to the European battery industry. This shall be done
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
Discover how New Zealand''s leading banks make affordable solar solutions accessible through green loans. Green Loans provide an affordable,eco-friendly way to finance solar upgrades.
In rural New Zealand, electricity distributor Powerco deployed Base Power off-grid renewable energy units to supplement grid power for some customers and provide a complete alternative to grid electricity supply for others. To ensure
As mentioned above, while New Zealand boasts large hydropower capacity, dry years due to low snowmelt or rainfall can leave hydroelectric unavailable for long periods. A government-supported project, NZ
Conclusion Battery energy storage systems represent a keystone for the transition towards a more sustainable energy generation and utilisation. Despite the value and advantages that they offer to enhance grid
Grid-scale battery storage solves this problem of solar and wind intermittency, enabling the use of renewable plants for large sets of consumers. These are the NZ battery storage projects in the pipeline.
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 the electricity market for the first time.
In addition to GIDI-backed projects, this includes investigating options to manage the dry-year risk through the New Zealand Battery Project (to displace backup fossil generation), a proposed
Meridian Energy is building New Zealand''s first large-scale grid-connected battery energy storage system (BESS) at Ruakākā on North Island Saft lithium-ion technology
Storage may facilitate an energy intensive industrial user''s participation in the demand-side reduction market or provide important back-up power for critical processes. Off-grid industrial
Battery energy storage systems can address the challenge of intermittent renewable energy. But innovative financial models are needed to encourage deployment.
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital and project finance. I''m also including some
During a power outage, the battery system automatically kicks in, providing electricity to keep essential appliances and systems running. Types of Home Battery Backup Systems There are several types of home battery
This includes providing international confidence in New Zealand’s electricity system, which is important to attract international investment. Finally, the NZ Battery Project will increase New Zealand’s ability to meet electricity demands domestically, reducing reliance on international imports.
A longlist of 28 different technology options was identified early in the NZ Battery Project by the NZ Battery Project team and MBIE Energy Markets policy team. The list was peer reviewed by the NZ Battery Technical Reference Group and Arup Ltd, and further considered by WSP Ltd.
If the funding requirements for the NZ Battery investment are much greater than anticipated, there may be increased cost burdens for the Crown or electricity consumers. The Indicative Business Case is informed by the current best available cost information, but this will continue to be updated as improved design information becomes available.
Cabinet set the project up in three phases – first, the Feasibility Study, to be concluded with a Cabinet decision in December 2022 on the preferred NZ Battery investment option(s) to take forward. This IBC has been developed to inform this decision.
The NZ Battery investment proposal is high risk, due to the scope, scale, and complexity of the project. An appropriate reporting and assurance approach is needed to provide assurance that the project is on track to deliver the intended outcomes. The approach to assurance for the project is outlined in Table 51.
Future decisions made within the New Zealand Energy Strategy, Gas Transition Plan, Hydrogen Roadmap, action plan for decarbonising industry, transport decarbonisation, and Electricity Authority market development workstreams may impact the NZ Battery business case and investment, and vice-versa.
