Andrew Edwards says adding solar panels to marae, community halls and civil defence spaces will increase resilience. Photo: lighthunter/123RF
Infrastructure company Shape Group has announced a deal to fully takeover back up power systems company Dependable Power, for an undisclosed amount.
Dependable Power specialises in the supply and installation of diesel generators.
Shape was formed two years ago by Still Limited, the New Zealand organisation of the wealthy Fukutake family. Still was founded by Hideaki Fukutake, son of Japanese billionaire Soichiro Fukutake.
Hideaki Fukutare made headlines when he took over the international fashion design competition World of WearableArt (WOW) last year.
Shape chief executive Andrew Edwards said Dependable Power was New Zealand's leading generator and back up power supplier.
"Cyclone Gabrielle is a sharp reminder to all businesses and agencies to check that your backup plans, systems and equipment are ready to go and fit for the needs of the future," he said.
"Microgrids, decentralised power systems and large scale energy storage systems may be the way of the future. As we rebuild, adding solar, batteries and small generators to community halls, marae and civil defence structures will not only reduce their day-to-day costs but also increase resilience."
Shape had more projects in the pipeline, including the launch of Powerblok energy storage systems, full microgrid solutions and a dedicated energy emergency response team.
Edwards said Dependable Power also had a small operation in Fiji, opening an international pathway.
"So certainly providing services through the Pacific and potentially looking at Australia as well, their energy market is of interest to us."
Shape's technologies business was already in discussions about opportunities in Australia and the United States, he said.
