4 FAQs about Wholesale smes energy storage in new-zealand

Will Rankine power supply increase wholesale electricity prices in New Zealand?

Concept Consulting's modelling shows that without thermal generation from the Rankine units as part of New Zealand's energy storage solution, wholesale electricity prices would likely be 60% higher in the short-term (the next two-to-three years) and 11% higher in the long-term (ten+ years).

What is a battery energy storage system?

A battery energy storage system (BESS) is a technology that allows for the storage of electrical energy in batteries, which can then be used to power electrical loads. BESS can be used for a variety of applications, including grid stabilisation, load shifting, backup power, and integration with renewable energy sources such as solar and wind power.

Why do you need energy storage systems?

Our energy storage systems are compatible with storing energy from renewable sources, making them an ideal solution if you want to reduce fuel consumption of a diesel generator, add reliability to a hybrid system or microgrid, or to simply optimise your business case through smart energy management – our solutions are at your service!

Will Huntly assets support New Zealand's energy security?

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:

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