Vector Annual Report 2018



2002

2009://

2014://

2017://

-- A lines company 100% owned by Auckland Energy Consumer Trust (AECT) -- Michael Stiassny appointed to Vector’s Board -- Acquired UnitedNetworks (including Northern Auckland and Wellington electricity networks, plus gas distribution in Auckland and broadband in Wellington and Auckland)

-- Supported the introduction of one of the first bottle swap programmes in New Zealand

-- Joined the ’25% group’ of corporates having at least 25% female representation on its board -- Acquired Arc Innovations from Meridian Energy, further expanding advanced metering

-- Invested in E-Co Products Group and PowerSmart to help enable distributed generation, energy democracy and more consumer choice -- mPrest machine learning introduced to help identify failure risks before they happen. Vector acquired stake in mPrest -- Committed to the United Nations Sustainable Development Goals, initially decarbonisation and climate action and social inequalities -- New state-of-the-art bottle swap plant in Papakura commissioned, with first accepted Major Hazard Facility Safety Case in New Zealand -- Commenced a digital transformation by establishing a strategy to drive new levels of efficiencies -- First large New Zealand corporate to be Living Wage accredited -- Vector committed to be Net Zero Carbon by 2030 focusing on seven that specifically support our strategic focus on

2010://

-- Partnered to trial New Zealand’s largest installation of solar panels -- Acquired Siemens’ 50% shareholding in Advanced Metering Services Limited (AMS) to become 100% owner

2015://

2004://

-- Announced a new vision for the company: ‘Creating a New Energy Future’ -- Switched on our first electric vehicle charging station, the first of many across Auckland -- Advanced metering business continued to grow, now supplying more than one million meters -- Implemented a new policy requiring lines work to be undertaken in a de-energised state wherever possible, putting the health and safety of its people first -- Switched on New Zealand’s first Tesla Powerwall battery -- Installed a state-of-the-art grid-sized battery in Glen Innes substation to strengthen network resilience -- Collaborated with Ngāti Whātua Ōrākei to demonstrate future community energy solutions -- Sold national gas transmission and non-Auckland distribution businesses to focus on Auckland -- Awarded ‘Rainbow Tick’ for efforts to create an open and inclusive workplace -- First Australian advanced meters went live in Sydney -- Major shareholder, AECT, rebranded to become Entrust

-- Acquired majority stake in NGC Holdings Ltd to continue diversifying

2011://

-- Bought Kwik-Swap (that then became Bottle Swap)

2005://

-- AECT floated 25% of Vector on NZX to raise capital for further diversification into new energy solutions and to complete full takeover of NGC Holdings Ltd

2012://

-- Deployed solar and battery arrays for Department of Conservation on Hauraki Gulf islands -- First photovoltaic solar and battery storage system installed at Quay Street substation

2016://

2018+

2007://

-- Began trialling micro wind turbine technology -- Invested in advanced metering technology to better manage infrastructure and give more transparency over power bills

-- In partnership with Auckland Council, ‘Vector Lights’ illuminated Auckland’s Harbour Bridge with 90,000 LED bulbs, showcasing the potential of solar and battery technology to light New Zealand’s energy future. -- Founding member of Climate Leaders Coalition Group

2013://

-- Connected first residential customer to solar power and battery technology -- Completed the acquisition of Contact Energy’s gas metering business -- Outage Manager app launched

2008://

-- Divested Wellington electricity network to focus on Auckland

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