February 11, 2025 – Vancouver, British Columbia, Canada – New Zealand Energy Corp. ("NZEC" or the "Company") (TSX-V: NZ) is pleased to provide the following update. Further to our
2024 objectives: Stage 1 - Redevelop Gas Field with Tariki-5 well in Q2 2024 Stage 2 – Expand production capacity through Q2/Q3 2025 Stage 3 – Convert to Gas Storage Project for first
In this update we explore the current state of New Zealand''s renewable energy infrastructure and why it is critical to invest in both renewable energy production and 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.
The project is still in the early stages of designing and planning. Following consent approval and final investment decision, construction could start in 2026, and the site could be up and running
This research analyses how variabilities such as solar resource, electricity costs and storage options impact the value of solar for New Zealand households.
Introduction: Increasing Levels of Renewable Energy The need, and opportunity, for significant further investment in renewable energy generation in New Zealand has become increasingly clear in recent years. Large
According to a briefing released by Meridian Energy recently, the project will require approximately 186 million New Zealand dollars ($ 118.2 million) in capital investment,
We''re considering a site northwest of Whanganui for a potential wind farm, solar energy and battery development that could generate enough clean, renewable energy to power up to 230,000 average homes.
Contact will manage the project overall and will start construction at the Glenbrook site immediately. Contact continues to advance further battery investment options and has been
First Renewables, a Clarus company and Harmony Energy announced early in 2024 that they will develop and own Tauhei Solar Farm. At the time of commissioning in 2026, it is expected to be New Zealand''s largest solar
Many build projects are facing covid-induced supply chain issues, long consenting times and increasing costs. Hence, there is growing uncertainty about what generation will be online for each winter.
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
We considered hosting our own trial of grid-connected battery storage, but first we chose to investigate the benefits of battery storage across the electricity supply chain. We did this by
Global renewable energy infrastructure developer, Harmony Energy Limited has entered a joint venture with First Renewables Limited, part of New Zealand energy group
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
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
To assess the impacts of these developments on investment and deal flow, the American Council on Renewable Energy (ACORE) surveyed companies that actively develop or finance U.S.
The energy storage project is expected to come online during the July-to-September period of 2026. Saft described the Huntly Power Station as "the single largest
More grid-scale batteries are on the way As New Zealand electrifies, more grid-scale batteries will support the growing renewable energy supply. Meridian Energy is building a 100MW (200MWh) battery near Ruakākā
The New Energy Outlook presents BloombergNEF''s long-term energy and climate scenarios for the transition to a low-carbon economy. Anchored in real-world sector and country transitions,
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
The Reference Scenario presents projections of New Zealand''s future energy supply, demand, prices and greenhouse gas emissions. These projections are intended to inform the energy
Here are the top renewable energy trends to watch in 2026. 1. Energy Storage Breakthroughs One of the biggest bottlenecks in renewable adoption is storage. In 2026, we''ll see: Wider deployment of next-gen lithium
Meridian Energy has finalised agreements with Nova Energy to establish a joint venture (JV) for the construction and operation of the 400MW Te Rahui solar farm at Rangitāiki
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
Grid-forming BESS is expected to provide nearly half of New South Wales'' system strength needs, delivering the equivalent strength of 17 synchronous condensers. The PACR also highlights the broader implications
It said first generation was expected in late 2026, and full generation in early 2027. The solar farm would be next to Meridian''s Ruakākā Battery Energy Storage System, due to be fully operational next month. "This
Harmony Energy Limited and Clarus company, First Renewables Limited have approved the final investment for the Tauhei Solar Farm project and successfully completed financial close, with
A new initiative by the Chilean Ministry of Energy and the Ministry of National Assets is expected to cover storage projects with an aggregate capacity of 13 GWh, distributed mainly in the regions
In 2023, as the costs of solar and energy storage decline, the European market for large-scale energy storage is progressively expanding, witnessing a continuous uptrend in the scale of projects. According to forecasts
Battery enclosures at Manatee Energy Storage Center, hailed by FPL as the world''s largest solar-charged BESS when it went into operation in 2021. Photo by Doug Murray for FPL Florida''s largest utility, Florida Power &
2025 is a pivotal year for the renewable energy sector, with a range of high-impact projects nearing final investment decision (FID). These ventures, spanning offshore
This is the first study in New Zealand to use detailed and high-quality data for both solar supply and residential demand. It shows solar PV is likely to be financially viable for a significant proportion of New Zealand households, particularly for those who consume a lot of energy.
Battery storage projects are on the rise overseas however New Zealand continues to lag behind internationally in terms of investment in such projects.
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 research analyses solar generation and demand data across regions under various price pathways, including the role of home energy storage. Residential rooftop solar PV provides a means for consumers to lower their electricity costs, particularly if they choose to move more of their household energy consumption to electricity.
Structured for growth. Global demand for renewables is skyrocketing, and New Zealand is perfectly positioned to meet it, thanks to our abundance of accessible resources generated by hydro, wind, solar and geothermal.
We currently have a number of new projects planned or underway, including wind farms in Wairarapa and Manawatū, an energy park (battery and solar) in Northland and a solar farm northwest of Christchurch.
