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New Zealand and Iceland Partner to Boost Geothermal Energy Innovation and Research

2 hours ago | 41 views

New Zealand and Iceland signed an agreement to enhance cooperation in geothermal energy development through joint research, industry workshops, and academic exchanges, focusing on superhot and supercritical geothermal systems. This partnership builds on decades of shared expertise and recent collaborations, aiming to advance renewable energy innovation and support New Zealand's goals to double renewable generation by 2050 and boost geothermal production by 2040. The agreement was formalized at COP 30 and includes financial commitments, such as New Zealand allocating up to $60 million for geothermal exploration in the Taupō Volcanic Zone.

Tags: Winston Peters Shane Jones Simon Watts Jóhann Páll Jóhannsson New Zealand Iceland geothermal energy renewable energy COP 30 Taupō Volcanic Zone