New energy investment

From Z's Energy Investor Day

There's a lot of activity around investment in new, renewable energy sources. Z Energy recently held a "Investor Day" recently with presentations from different company executives, including an announcement that the company will invest $21m in a bio-diesel plant.

This is great news, and another example that there is a transformation in energy that's happening without subsidies or intervention from the state.

What's also interesting to me is the projected decline in retail fuel demand. A number of people have mentioned the closure of two of the petrol stations on Ferguson Drive in Upper Hutt (the BP near St Pats and Challenge!). It appears that long-term the internet, not fuel efficient cars, is the cause of this - this means less trips to shops and more tasks completed at home.