5. Future technologies#
New technologies are based on proven commercially available technology (TRL 7 and above) that have been, or will be, installed and commissioned in New Zealand through initiatives such as EECA’s technology demonstration fund and the Government Investment in Decarbonising Industry (GIDI) and haven’t been included in existing technology lists. This list will be reviewed regularly to ensure that all commercially available new technologies are considered in TIMES-NZ.
Note the values provided below are preliminary and based on limited commercial knowledge/sources. These will be updated as better source information is obtained.
Fuel |
Technology/Use |
Lifetime (years) |
Energy Efficiency |
Capital Cost ($/kW) |
||
|---|---|---|---|---|---|---|
2030 |
2050 |
2030 |
2050 |
|||
Electricity |
Heat Pump Air Source (for space heating) |
20 |
400% |
450% |
466.31 |
456.99 |
Electricity |
Heat Pump Ground Source (for space heating) |
20 |
400% |
450% |
1753.7 |
1718.63 |
Electricity |
Heat Pump Air Source (for water heating) |
20 |
350% |
400% |
1425 |
1396.5 |
Electricity |
Heat Pump Ground Source (for water heating) |
20 |
350% |
400% |
1753.7 |
1718.63 |
Green Hydrogen |
Motive power - Mobile |
10 |
60% |
65% |
832.2 |
815.56 |
Green Hydrogen |
Motive power - Stationary |
10 |
60% |
65% |
832.2 |
815.56 |
Electricity |
Heat Pump Air Source (for Cooling) |
10 |
400% |
450% |
466.31 |
456.99 |
Electricity |
Heat Pump Ground Source (for Cooling) |
10 |
400% |
450% |
1017.86 |
997.5 |
Wood |
Boiler Systems |
10 |
||||
Wood Pallet |
Boiler Systems |
10 |
||||
Biogas |
Boiler Systems |
2 |
||||
Green Hydrogen |
Boiler Systems |
2 |
||||
Electricity |
Boiler System |
30 |
||||
Electricity |
Motive power - Mobile |
10 |