Successful bid price of industrial battery cabinet project in New Zealand 2026

The Glenbrook battery is expected to cost up to $163m2 and be online in Q1 2026. Once operational, it will provide Contact and the market with an important source of renewable electricity flexibility, operating across physical, reserve and frequency-keeping markets.

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About Successful bid price of industrial battery cabinet project in New Zealand 2026

About Successful bid price of industrial battery cabinet project in New Zealand 2026

The Glenbrook battery is expected to cost up to $163m2 and be online in Q1 2026. Once operational, it will provide Contact and the market with an important source of renewable electricity flexibility, operating across physical, reserve and frequency-keeping markets.

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6 FAQs about [Successful bid price of industrial battery cabinet project in New Zealand 2026]

How much will the NZ battery project cost?

On the work done to date, the NZ Battery Project team has been able to estimate the costs of these under the Lake Onslow option as in the region of $500 million, it is expected that well under 50 per cent would be allocated to Lake Onslow.

What are the design options for the NZ battery project?

92 Throughout Phase 2a, the NZ Battery Project will narrow down design options on elements such as dam size and location, powerhouse capacity, lower intake location and lower reservoir location and form. ... advice on procurement and delivery models...

How will the NZ battery project affect wholesale prices?

The IBC indicates that the net effect is likely to be downwards pressure on wholesale prices that is comparable to the Lake Onslow option (noting that the NZ Battery project’s economic modelling to date has been focused on costs rather than prices, so it is premature to draw final conclusions on the magnitude of price impacts).

What did Stantec do for the NZ battery project?

The NZ Battery Project then commissioned Stantec to run a desktop assessment of the three hydro sites above. The Stantec work investigated the engineering, geological, environment and cultural aspects of each of the three sites.

How much electricity does Nzas use?

Further, under their current contract, Meridian Energy can call on the New Zealand Aluminium Smelter (NZAS) to reduce its electricity demand by 250GWh over 130 days during a dry year (noting that the dry year problem is 3,000 – 5,000 GWh). This amounts to 80MW, compared to current consumption of around 570 MW.

What will I report back to cabinet in December 2022?

70 I will report back to Cabinet in December 2022 with information on final feasibility work and an Indicative Business Case on a pumped hydro scheme at Lake Onslow, as well as further information on other renewable energy storage options. The December report back will provide analysis on the matters set out in Appendix 2.

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