UK’s Eku Energy powers into NZ with Waikato battery deal

More than 85% of the pipeline of new power generation waiting for consent is intermittent wind and solar generation, Transpower says. (Image: Lightsource bp)

John Anthony

Thu, 26 Jun 2025

UK-headquartered energy storage firm Eku Energy has entered the New Zealand market, acquiring a Waikato battery project in partnership with local solar company Helios.Eku, a global battery energy storage company jointly owned by the Macquarie Group and the Canadian pension fund British Columbia Investment Management Corporation (BCI), has projects in the UK, Italy, Japan, and Australia.Incorporated in 2020, Helios Energy is a NZ company two-thirds owned by US companies Helios Investments and Helios Energy Capital, and one-third owned by directo...

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