New Zealand new energy storage project export

Where is New Zealand's first grid-connected battery energy storage system located?

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.

Is New Zealand building more renewable electricity?

New Zealand is building more renewable electricity generation. However, renewable generation (like wind and solar) vary with the weather, so renewable electricity supply may not match up with demand. Grid scale batteries soak up excess renewable electricity, and then release it back to the grid when needed.

How much does a battery cost in New Zealand?

The mean charging spot price was $123/MWh and the median was $132/MWh. 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 in sunny Northland. This battery is expected to be commissioned in September 2024.

Why does New Zealand need 'flexible' energy?

has largely displaced thermal generation assets from baseload duty. As with other electricity markets around the world, the use of renewables means the market faces great exposure to climatic conditions – the amount of rain, wind, and sunshine in particular locations – and therefore New Zealand requires significant amounts of ‘flexible’

Why is New Zealand a good place to invest in renewables?

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.

Should New Zealand develop new generation fuels?

there is little time to develop new generation assets or technology. New Zealand will need to work with its existing assets and optimise the use of fuels to iver security, affordability and minimise the environmental impact. Further demand ag