Expected ROI of NMC battery storage project in New Zealand 2030

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.

Could a distributed battery energy storage system support New Zealand's power system?

A new report has found the widespread uptake of distributed battery energy storage systems (BESS) in New Zealand could play an important role in supporting the power system as solar PV and electric vehicles are increasingly adopted.

Which large-scale battery energy storage systems are coming to New Zealand?

As a result, worldwide as well as in New Zealand, more and more large-scale Battery Energy Storage Systems (BESS) are announcing their arrivals. Let’s take a look at a few examples: 1. WEL Networks + Infratec: 35 MW BESS

Can capacity markets be used as a portfolio solution for a NZ battery?

This report was prepared on your instructions solely for the purpose of supporting the Ministry of Business, Innovation and Employment (MBIE) to conduct research on the potential for capacity markets to be used as a delivery option for a portfolio solution for a NZ Battery. The report should not be relied upon for any other purpose.

Will Marsden Point be New Zealand's largest grid-scale battery farm?

It is somewhat poetic that the land in question is situated near the Marsden Point oil refinery. The renewable energy park is expected to go online by mid-2023, and will likely be New Zealand’s largest-ever grid-scale battery farm.

What are grid-scale batteries & how can they benefit New Zealand?

Grid-scale batteries maximise the benefits of renewable energy and provide extra resilience during times of tight electricity supply. 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.