vector signs multi-million battery storage deal with territory generation in alice springs - battery energy storage system

Vector beat competitors to provide battery storage technology for Australian territory power generation in multiple areas
Million deals for New Zealand companies. Auckland-
The Vector-based company won the Alice Springs battery energy storage system project in a competitive tender, which aims to provide a 5 MW system to help improve the energy network in the northern region.
While Vector currently has smart meters in Australia, the regional power generation contract is its first battery storage attempt at Tasman.
The company said in a statement that Vector will design, build and install battery storage and will be responsible for ongoing maintenance.
"You see a lot of countries are now looking to go to carbon dioxide, and customers are more willing to make choices about energy," CEO Simon Mackenzie told business desk . ".
"This technology is not only better than deploying traditional network assets, such as batteries and control environments, but also shows how to use it, not only reducing network costs, but also providing customers with choices.
"Vector has three more opportunities in Tasman, some of which are still in the final stages," McKenzie said.
The company installed a utility last year
The scale battery of the gleninness substation in the suburbs of Auckland, while its home battery fleet-
Often paired with solar technology
As at December 31, the index was 445 per cent, compared with 291 per cent in the same period last year.
McKenzie said Vector is a leader in technology and has expanded its suite of services through the acquisition of E-Commerce
Co products group, known as home ventilation equipment, and PowerSmart, a solar company.
Vector also has exclusive Australian rights to integrate and develop new energy services and manage some of the technologies on its network using Israeli developer mPrest software.
This gives the company the opportunity to market network management tools with solar and battery products as commercial customers want to "source energy in a smarter way," McKenzie said ".
Shares rose 0.
Three cents to three dollars.
27, get 0.
So far this year has reached 6 percentage points.