New Zealand could become the world''s first large-scale producer of green hydrogen rnationally competitive price point. This could enable New Zealand to be a worl -leading exporter of green
The revenue potential of energy storage technologies is often undervalued. Investors could adjust their evaluation approach to get a true estimate.
As New Zealand strides toward a sustainable energy future, electrochemical energy storage has emerged as a cornerstone of its energy transition. Here''s a comprehensive analysis of the market
This article explores the strategies, challenges, and opportunities associated with achieving net-zero in New Zealand''s commercial buildings, drawing on local insights and
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
Chairman & Director CEO & Director NZEC largest shareholder Over 37 years global with extensive experience experience in the in upstream oil and gas upstream oil and gas industry;
As New Zealand strides toward a sustainable energy future, electrochemical energy storage has emerged as a cornerstone of its energy transition. Here''s a comprehensive
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.
This will be an important reform process to further support renewable energy projects in New Zealand. Offshore Wind In August 2024, the government published its policy decisions on the design of the proposed
Overview This report presents comprehensive information on, and analysis of, New Zealand''s energy supply and demand for the 2023 calendar year.
This fact sheet describes the benefits of thermal energy storage systems when integrated with on-site renewable energy in commercial buildings, including an overview of the latest state-of-the
Space heating and cooling account for up to 40% of the energy used in commercial buildings.1 Aligning this energy consumption with renewable energy generation through practical and
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
It builds on the green paper ''A Vision for Hydrogen'', released in 2019, and forms a pillar of the forthcoming New Zealand Energy Strategy (due by the end of 2024) alongside other projects including the Gas Transition Plan, Energy Market
Meridian Energy will begin construction of its 120MW Ruakākā Solar Farm in Tai Tokerau Northland, New Zealand, in August 2025.
In February 2021 BOC a subsidiary of the American-Anglo-German multinational Linde plc announced its plant at Glenbrook will produce the first supply of certified carbon-free, or "green", hydrogen in New Zealand for use in neighbouring New
$2.6 million to establish the German New Zealand Green Hydrogen Research Centre and co-fund three research projects with the German Federal Ministry for Education and Research (BMBF).
At Meridian we have a pipeline of renewable electricity projects underway to help New Zealand maintain its security of supply and meet its climate change goals. In 2023 we set ourselves a target of building seven new large-scale renewable
More ambitious policies in the US and Europe drive a 13% increase in forecast capacity versus previous estimates New York, October 12, 2022 – Energy storage installations around the world are projected to reach a
New Zealand 2023 Energy Policy Review INTERNATIONAL ENERGY AGENCY The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand,
BEC 2050: A deep dive into 2030 energy targets for New Zealand Why a deep dive into energy targets? New Zealand is a world leader in renewable electricity – currently 4th in the OECD for
There are also five battery energy storage systems from 100MW to 300MW, with the first 100MW battery (Meridian, Ruakākā) expected to be commissioned in 2024. The Authority is working to improve the visibility of
The aim is to further promote the integration of renewables into the wider energy system which will stimulate energy storage growth in turn. Additionally, IRENA has conducted
High upfront costs, delays in obtaining certification and low demand for sustainable office buildings from tenants are the major barriers for investment in deep energy
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
Several key factors influence the ROI of a BESS. This article explores the various factors influencing the return of investment of BESS.
This document utilizes the findings of a series of reports called the 2023 Long Duration Storage Shot Technology Strategy Assessmentse to identify potential pathways to achieving the
This second emissions reduction plan (ERP2) is the Government''s plan to meet the second emissions budget (EB2) for the period 2026–30. This final plan incorporates feedback and
Renewable Energy World – A global source of news and analysis on the renewable energy sector, highlighting investment trends and opportunities. Climate Change
This article compares seven mainstream wind energy storage technologies and analyzes the best solution for wind energy storage in New Zealand. This article analyzes the
New Zealand should weigh its aspiration to achieve 100% renewable electricity by 2030 against the potentially considerable costs associated with achieving the last 2-5% of the target. New Zealand does not yet have a long-term energy strategy in place. While work is underway on a strategy, it is not due for release until the end of 2024.
Through the use of efficient technologies and processes, we can improve the affordability and reliability of New Zealand’s energy supply. Demand management is becoming increasingly important as our electricity demand increases and we transition toward greater use of renewable energy sources.
Subsequently, the government set an aspirational goal of 100% renewable electricity by 2030. Moreover, the first ERP built on the government’s aspirational goal in electricity and set a target of 50% of total final energy consumption from renewables by 2035. Making the electricity system fit-for-purpose is a top priority for the government.
Energy return on investment (EROI) — The ratio between the amount of energy required to extract or produce fuel and the amount of useful energy this fuel makes available to deliver other services – such as transport, heat or light. The graph below illustrates the EROI of renewable energy sources commonly used in New Zealand.
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.
This, combined with increased and as yet uneven carbon prices, places pressure on New Zealand’s energy intensive industrial sector. Under Waka our government, mandated by business and consumers to reduce our carbon footprint, takes a greater role in the allocation of capital in the economy.
