AusBN – New Zealand’s top electric company Vector (NZX: VCT) has partnered up with Tesla to bring energy storage solutions to the homes and businesses in the Asia-Pacific region.
Vector will offer Tesla’s new consumer batteries to customers in New Zealand and possibly Australia, becoming the first electricity network operator to give its customers options for solar and storage.
Vector CEO Simon MacKenzie said the partnership was “the start of a significant change in the energy industry”.
He added: “Tesla is the largest producer of batteries in the world, as well as the most cost-effective, and this strong relationship will allow us to take it to the next level across the country.”
Mackenzie said that the Powerwall batteries would create energy storage opportunities for community groups, renters and low-income households.