Vector beat rivals to supply an Australian firm with battery storage technology.
Vector beat rivals to supply Australia's Territory Generation with battery storage technology in a multi-million deal for the New Zealand firm.
Auckland-based Vector won the Alice Springs battery energy storage system project in a competitive tender to provide a 5 megawatt system to help improve the Northern Territory's energy network.
While Vector currently has smart meters in Australia, the Territory Generation contract is its first battery storage foray across the Tasman.
Vector will design, engineer, build and install the battery storage and is responsible for continuing maintenance, it said in a statement.
"You see so many countries now looking to decarbonise, and customers being much more engaged in having choices around energy," chief executive Simon Mackenzie told BusinessDesk. " This technology is not only a much better solution than deploying traditional network assets putting in things like batteries and control environments and demonstrating how can be used not only lowers network costs but also provides customer choice."
Vector has three other opportunities across the Tasman, some of which are in the final stages, Mackenzie said.
