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Press Release – Seeka Today Seeka Limited (NZX-SEK) was officially welcomed to ptiki to celebrate the amalgamation with ptiki Packing and Cool Storage (OPAC). Over 150 people attended the event at Seeka OPAC after the $59m settlement, which had overwhelming …
Today Seeka Limited (NZX-SEK) was officially welcomed to Ōpōtiki to celebrate the amalgamation with Ōpōtiki Packing and Cool Storage (OPAC).
Over 150 people attended the event at Seeka OPAC after the $59m settlement, which had overwhelming shareholder support from both companies.
Local Opotiki hapū, Ngāti Ira led the pōhiri supported by hapū of Whakatōhea iwi and the iwi of Te Whānau-a-Apanui, Ngāti Porou and Ngāitai (Tōrere).
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The global Thermal Energy Storage (TES) market along with the rest of energy industry value chain is expected to be impacted by the ongoing pandemic and the virus led global recession. The global market size is revised at a projected US$8 billion for the year 2027.
Government measures to curtail movement of people and good sand the worst ever economic downturn will together bring down the energy industry in the year 2020. Lockdowns are bringing electricity consumption in malls, hotels, gyms, schools, shops to almost zero. Utilities are staring at a severe cash crunch as revenues sharply decline and spot prices of electricity plummet. Energy storage deployments worldwide will decline steeply from earlier projections for the year 2020. As finances dry-up for consumers and businesses alike, sales of energy storage systems for homes, building and industrial processes will decline.