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.
This project is set to cost up to NZD$163 million (C$133 million) and is expected to be operational by the first quarter of 2026. The battery will be located adjacent to the NZ Steel plant and Transpower's grid connection point, making it the closest grid-scale battery project to Auckland's significant electricity load.
transferring and using energy. In New Zealand, our hydro lakes store energy on a large scale. However, until now we have had limited options to store electricity cost-effecti ely close to where it is used.Around the world, battery technology now offers opportunities to store electricity economica
Contact's CEO Mike Fuge says the industrial-sized lithium battery will play a key role in maintaining a reliable supply of electricity for New Zealand, particularly during periods of high demand throughout the winter. It will also ultimately help with Contact's transition away from an increasingly constrained gas market.
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