New Zealand Capacitor Energy Storage Project

4 FAQs about [New Zealand Capacitor Energy Storage Project]

Which energy company is building New Zealand''s first grid-connected battery energy storage system?

Meridian Energy is building New Zealand’s first large-scale grid-connected battery energy storage system (BESS) at Ruakākā on North Island Paris, January 10, 2023 – Saft, a subsidiary of TotalEnergies, has been awarded a major contract by Meridian Energy to construct New Zealand’s first large-scale grid-connected BESS.

What is the NZ battery project?

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 being explored. The Government stopped the Lake Onslow investigations in late 2023.

Will a 100-megawatt solar farm improve New Zealand''s national grid?

Located at Ruakākā in the country’s North Island, the 100-megawatt (MW) BESS will improve the stability of the national grid, as intermittent renewable power generation increases in New Zealand. The BESS is the first stage of a project that will include the construction of a co-located 130 MW solar farm by Meridian Energy.

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.

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