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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 a SAFT lithium-ion battery storage system?

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 will provide 100 MW power and 200 MWh storage capacity to support grid stability as intermittent wind and solar power increases in New Zealand

Will Saft support New Zealand's transition to low-carbon electricity?

Saft battery energy storage system to support New Zealand’s transition to low-carbon electricity. 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.

Is New Zealand a key market for storage solutions?

Power Electronics NZ Ltd Operations Director Brent Sheridan sees New Zealand as a key market for storage solutions with future generation growth primarily being led by solar and wind technology. “Both these forms of generation work perfectly in combination with batteries to provide a continuous and stable energy supply.

Why should New Zealand invest in grid-scale batteries?

Additionally, these batteries, alongside more renewable generation, will help off-set the retirement of thermal generation and support New Zealand’s transition to a low-emissions economy. The first grid-scale battery was commissioned in 2023 by Hamilton lines company WEL Networks.

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.