Ernest Energy provides turnkey solar and battery energy storage systems (BESS) tailored for New Zealand''s commercial and agricultural sectors. Our integrated solutions reduce energy
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Image: Eku Energy. Energy storage developer Eku Energy has entered the New Zealand battery energy storage system (BESS) market. The developer confirmed yesterday (24 June) that it had purchased an undisclosed-sized BESS to be developed in Waikato, on the country’s North Island. The region is home to the country’s largest river and lake.
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.
In 2021, New Zealand's Total Energy Supply (TES) amounted to 829.3 petajoules (PJ), marking an 11% increase compared to 2011. The energy supply composition highlighted a diverse range of sources, with renewables being the largest contributor at approximately 42%, followed by oil at 34%, natural gas at 17%, and coal contributing about 7%.
Off the back of its experience in Winter 2024, Genesis asked KPMG and Concept Consulting to assess the future requirement for Huntly assets to support New Zealand’s energy security over the short, medium, and long term. Key takeaways from this report:
As with other electricity markets around the world, the use of renewables means the market faces great exposure to climatic conditions and therefore New Zealand requires significant amounts of ‘flexible’ generation that can vary output to balance the variations in weather.
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The global energy storage battery cabinet market is experiencing unprecedented growth, with demand increasing by over 500% in the past three years. Battery cabinet storage solutions now account for approximately 60% of all new commercial and residential solar installations worldwide. North America leads with 48% market share, driven by corporate sustainability goals and federal investment tax credits that reduce total system costs by 35-45%. Europe follows with 40% market share, where standardized cabinet designs have cut installation timelines by 75% compared to traditional solutions. Asia-Pacific represents the fastest-growing region at 60% CAGR, with manufacturing innovations reducing battery cabinet system prices by 30% annually. Emerging markets are adopting cabinet storage for residential energy independence, commercial peak shaving, and emergency backup, with typical payback periods of 2-4 years. Modern cabinet installations now feature integrated systems with 5kWh to multi-megawatt capacity at costs below $400/kWh for complete energy storage solutions.
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