NZSE:GNEElectric Utilities
How Investors Are Reacting To Genesis Energy (NZSE:GNE) Expanding Huntly Battery Storage With NZ$106m Commitment
Genesis Energy has confirmed it reached a Final Investment Decision on 17 April 2026 for Stage 2 of its Battery Energy Storage System at Huntly Power Station, committing roughly NZ$106 million to add 100MW / 200MWh of consented, grid-connected capacity by the third quarter of fiscal 2028.
This expansion, funded on balance sheet after a recent NZ$400 million equity raise, is positioned as New Zealand’s lowest-cost committed grid-scale BESS to date and a key milestone in Genesis’ Gen35 growth...