Consumer Discretionary New Zealand Gets First Grid-Scale Powerpack from Tesla Motors Inc (TSLA)

New Zealand Gets First Grid-Scale Powerpack from Tesla Motors Inc (TSLA)

Published By Blake Audett at October 25, 2016 11:39 am

Ever since Tesla Motors Inc (NASDAQ:TSLA) introduced its Energy products, the company has received heaps of praise from industry experts for its Powerwalls and Powerpacks. Now these Powerpacks have made their way into New Zealand as well, with Energy Utility Company Vector launching the first-ever grid-scale Powerpacks in the Asia-Pacific region.

The Powerpacks have been installed in a substation in Glen Innes near Auckland. CEO Simon Mackenzie said that the Powerpacks had been introduced to deal with demand during peak hours, thus extending the life of the substation and ensuring that power was provided to the Glen Innes area without any disruption.

Mr. Mackenzie believes that Tesla is an important ally considering that $1.4 billion will be invested in the power grids, with Powerpacks comprising a significant chunk of these investments. The inauguration of the new Powerpack was done by the executives of Vector along with the New Zealand Minister of Energy, Simon Bridge.

Tesla delivered 24 Powerpacks for the 1MW/2.3MW subsystem, capable of providing power to more than 450 houses for more than 2 hours during peak times. This is a lot of power for homes considering that it gets difficult for the company to meet demand during peak hours.

Powerwalls and Powerpacks contain rechargeable lithium batteries that are manufactured by Tesla itself. Powerwalls are built to meet the requirements of home users while Powerpacks are built to cater to the commercial market. Electricity is stored in them which can be used during load-shedding or as a backup for domestic consumption.

Vector even gave out 130 3KW Powerwalls for free to promote renewable energy in New Zealand. The car maker also announced that it would expand in New Zealand after getting a huge demand for its Model 3. With Tesla working on its Gigafactory in Nevada, we can expect a big boost in production of these Powerwalls and Powerpacks once it is completed.