Simon Mackenzie, chief executive of Vector, believes Tesla's new battery will help transform the energy industry.
He said battery.
It can store a lot of energy in a small space at a relatively low cost.
This is the biggest technological advance he has seen in the energy industry in 30 years.
"Looking ahead, this will revolutionize the way the energy industry thinks.
This will change the way we design and build networks and create them, "McKenzie said.
Tesla founder Elon Musk released a new lithium this month
Household and commercial ion batteries.
They start at $3000 ($4058)
The company is speeding up production for $6.
2 billion "Gigabit factory" in Nevada ".
Read more: batteries include: Tesla's ambitious game Vector builds a "special relationship" with Tesla's power system around building power stations and transmission lines to meet peak demand.
This requires a large amount of capital expenditure from companies regulated by the distribution sector and is under pressure to reduce fees.
Over the past year, because of Auckland, Vector has established business relations with Tesla.
S. -based utilities have a clear interest in solar and battery technology, McKenzie said.
Vector will provide large survey
Expand battery storage for commercial users who may be on a truck or slide to meet peak demand in different seasons.
It has provided residential consumers with nearly 300 solar units that are connected to old-fashioned batteries.
The company has about 700,000 power and gas connections and invested $0. 202 billion last year to achieve growth.
Total capital expenditure increased by 13.
339 to US dollars. 2 million.
New developments, including alternative energy, cost about $10 million a year, McKenzie said.
"We have to accept this, not hope it will go away.
"The biggest mistake is over-investment in traditional line infrastructure that could be out of date in a few years.
The larger domestic Tesla battery, priced at $3500, can provide the equivalent of half a day of electricity if solar energy is stored. if combined, it can make the family Selfsufficient.
This will provide some remote homes with the opportunity to get out of the grid, McKenzie said, but he expects most people to stay in touch to ensure supply is safe and be able to sell to the system.
He won't discuss more deals with Tesla.
Details about the battery supply will be announced in the middle of this year.
Tesla is the most famous automaker, but its vehicles are unlikely to be shipped to the country for a period of time, while it encounters a backlog of orders in larger markets such as the US and China.