On Monday 27 August, Z announced an investment of $46 million to acquire a 70 per cent shareholding in Flick Electric, the Wellington based retail electricity supplier that was the first power company in the country to offer customers access to the wholesale price of electricity.
The investment brings together an electricity industry disruptor and New Zealand’s largest transport energy company. We chose to partner with Flick because we share the same values around community, sustainability, diversity and inclusion and innovation, and we both aspire to bring better energy choices and solutions to New Zealanders.
We know that electricity will be one of the fuels of the future, and this is closely related to mobility, as more and more people will be using electricity to move from A to B, whether it’s through an EV they own, ride-share or lease. The partnership with Flick is a demonstration of Z’s commitment to help New Zealand transition to a lower carbon energy future, and another step towards the long-term sustainability of Z, as a Kiwi company only operating in New Zealand.
As a newly expanded whanau, we look forward to bringing New Zealand innovative, low carbon products and services that have the potential to change the way people relate to energy.
Sheena Thomas, External Communications Advisor