Articles tagged with Geothermal
Government Invests $15.5M in Bay of Plenty Marina and Geothermal Projects
3 days ago | 88 viewsThe Government is investing $12.5 million through the Regional Infrastructure Fund to develop Ōpōtiki Marina, supporting aquaculture growth and creating up to 87 construction jobs. Additionally, a $3 million grant will fund the Gas to Geoheat – Tauranga Geothermal System Project, exploring geothermal energy potential to support future renewable energy initiatives and create 15-20 jobs. These investments aim to unlock the Bay of Plenty’s natural resource potential, boost regional economic growth, job creation, and energy security.
Tags: Shane Jones Bay of Plenty Ōpōtiki Marina Regional Infrastructure Fund aquaculture GeoExchange NZ Limited Tauranga Geothermal System geothermal energy Te Kaha Mount MaunganuiNew Zealand Advances GeoShot NZ Project to Drill First Superhot Geothermal Well
1 month ago | 367 viewsThe GeoShot NZ project aims to drill New Zealand’s first superhot geothermal well at the Rotokawa Geothermal Field, with government funding of $55 million approved for pre-drilling and exploratory activities. The initiative involves expert partners and advanced technology to harness superhot fluids at depths of 4–5 km, offering significantly more energy than conventional wells and enhancing national energy resilience. This pioneering effort, supported by international collaboration, seeks to establish New Zealand as a leader in clean, high-capacity geothermal energy for long-term regional and national benefits.
Tags: Shane Jones Mercury NZ Todd Energy Tauhara North No. 2 Trust Ministry of Business Innovation and Employment GeoShot NZ Regional Infrastructure Fund Rotokawa Geothermal Field Iceland New ZealandGovernment Allocates $50M for New Geothermal Projects to Boost Regional Growth
4 months ago | 642 viewsThe New Zealand Government has ringfenced $50 million from the Regional Infrastructure Fund to support early-stage geothermal projects, aiming to de-risk exploration and boost regional productivity and resilience. So far, three projects have received funding, including two $10 million loans for the Taumanu and Kopura geothermal projects and a $3 million grant for the Whakatāne Geothermal Temperature Gradient Well Programme. These initiatives are expected to create jobs, promote Māori economic development, and enhance renewable energy capacity through exploration and potential new geothermal power stations.
Tags: Shane Jones Taumanu Kopura Eastland Generation Māori University of Auckland Geothermal Institute Whakatāne Regional Infrastructure Fund Bay of PlentyNew Zealand’s Geothermal Strategy Aims to Double Energy Use by 2040
4 months ago | 672 viewsThe Government has launched the "From the Ground Up" strategy to double geothermal energy use by 2040, aiming to boost investment, modernize regulations, and support both traditional and next-generation geothermal technologies. The plan emphasizes regional economic growth, Māori partnerships, and unlocking the cultural and economic value of geothermal resources. By improving development conditions and fostering innovation, the strategy seeks to enhance New Zealand's energy resilience and position it as a global leader in geothermal power.
Tags: Shane Jones New Zealand Geothermal Rotorua Ngāwhā Kawerau Taupō Māori Resources Minister From the Ground UpNew Zealand and Iceland Partner to Boost Geothermal Energy Innovation and Research
7 months ago | 674 viewsNew 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 ZoneStanford Expert to Lead New Zealand's Supercritical Geothermal Project Review Panel
8 months ago | 893 viewsProfessor Roland N Horne, an earth science and engineering expert from Stanford University, will lead the international review panel for New Zealand's supercritical geothermal exploration project. The panel also includes experts from Iceland and the US, aiming to access supercritical geothermal fluids at extreme depths. New Zealand's government has allocated up to $60 million for the project's exploration phase, with a technical team assembled from various organizations to drive the initiative forward.
Tags: Stanford University earth science engineering Professor Roland N Horne geothermal Shane Jones New Zealand supercritical geologist Dr Omar Friðleifsson Darrell GallupGeothermal Energy: Past, Present, and Future Perspectives from New Zealand
8 months ago | 846 viewsThe New Zealand Minister for Resources and Regional Development delivered a keynote address at the 2025 Indigenous Geothermal Symposium in Reno, Nevada, highlighting the cultural significance and future potential of geothermal energy. New Zealand, known for its geothermal electricity production, has a deep connection to geothermal resources rooted in Māori heritage. The country is investing in supercritical geothermal technology, aiming to lead in sustainable innovation and global energy transformation.
Tags: New Zealand Māori Geothermal Energy Resources Minister Indigenous Symposium Chris Wright Roland HorneNew Zealand and Iceland Strengthen Cooperation on Working Holidays, Taxation, and Geothermal Energy
8 months ago | 788 viewsNew Zealand and Iceland are strengthening cooperation in areas such as working holidays, taxation, and geothermal energy, as announced by Foreign Minister Winston Peters during his visit to Iceland. Initiatives like a reciprocal Working Holiday Scheme aim to enhance collaboration between the two island nations, fostering opportunities for young people to engage, learn, and contribute internationally. The Double Tax Agreement and exploration of geothermal energy aim to bolster economic ties and address future energy needs, with Mr Peters highlighting the importance of learning from Iceland's expertise in this field during his broader visit to the Nordic region.
Tags: New Zealand Iceland Winston Peters Halla Tómasdóttir Erica Stanford Daði Már Kristófersson Jóhann Páll Jóhannsson Working Holiday Scheme Double Tax Agreement Geothermal EnergyUnlocking Investment and Collaboration in New Zealand's Natural Resources: Minister Shane Jones at International Conferences
9 months ago | 814 viewsResources Minister Shane Jones is prioritizing investment and collaboration in New Zealand's natural resources at upcoming international mining and geothermal conferences. He will address the growing interest in the country's mineral sector and highlight the policy framework supporting its growth. Mr Jones aims to rebuild international investor confidence, promote geothermal energy exploration, and seek global collaboration to maximize New Zealand's geothermal potential.
Tags: Shane Jones New Zealand investment collaboration mining geothermal resources International Mining and Resources Conference supercritical geothermal energy Indigenous Geothermal SymposiumBreaking Ground: New Zealand's First Supercritical Geothermal Exploration at Rotokawa Reservoir
10 months ago | 1072 viewsThe Rotokawa Geothermal Reservoir in New Zealand's Taupō Volcanic Zone has been chosen for the country's first supercritical geothermal exploration, with plans to develop multiple wells for enhanced power output. The site selection followed thorough geological studies and risk assessments, with a focus on involving the local community and cultural considerations. A Memorandum of Understanding has been signed between stakeholders to explore the potential of supercritical geothermal energy, with a multi-disciplinary team working on regulatory approvals, design, and drilling for the project's success.
Tags: Shane Jones Rotokawa Geothermal Reservoir New Zealand geothermal energy Tauhara North No. 2 Trust Earth Sciences New Zealand supercritical geothermal exploration Regional Development Minister Mercury NZ Ministry of Business.Groundbreaking Geothermal Project Receives $10M Funding from Government
10 months ago | 935 viewsThe Government is supporting 19 ambitious science programs, including the DeepHeat project by the New Zealand Institute for Earth Science Limited, which aims to explore the energy potential of the Central Taupo Volcanic Zone using supercritical geothermal energy. This project, funded with $10 million from the Endeavour Fund, is seen as groundbreaking and essential for New Zealand's future prosperity, as geothermal energy offers a reliable alternative to weather-dependent renewable sources like hydro, solar, and wind. The Government's investment of over $183 million in various projects, from climate technology to healthcare and clean energy, demonstrates the power of science to drive innovation, economic growth, and a more resilient future.
Tags: Shane Reti Shane Jones geothermal energy supercritical geothermal DeepHeat project New Zealand Endeavour Fund Regional Infrastructure Fund climate technologyUnleashing New Zealand's Geothermal Potential: A Vision for Sustainable Development
11 months ago | 2342 viewsThe Minister for Resources and Regional Development welcomes attendees to the launch of a draft strategy to unlock New Zealand's geothermal potential, highlighting the historical significance and current opportunities of geothermal resources. Geothermal energy plays a vital role in New Zealand's electricity generation and various industries, contributing to economic growth and innovation, with plans to double geothermal energy use by 2040 and explore supercritical geothermal technology for increased energy production. The government aims to establish New Zealand as a global leader in sustainable geothermal development through collaborative efforts with stakeholders, including iwi, to drive regional economies and achieve energy resilience.
Tags: Minister for Resources Regional Development Tania Tapsell David Trewavas Rotorua Taupō New Zealand Geothermal Association Māori Kiwi geothermal resourcesNew Zealand's Geothermal Energy Expansion Plan for 2040: Unlocking Potential
11 months ago | 2709 viewsNew Zealand aims to double geothermal energy production by 2040 to tap into its rich resources, positioning the country as a global leader in sustainable geothermal development. The draft strategy, "From the Ground Up," seeks to drive innovation, resilience, and economic growth through geothermal utilization. The plan includes expanding geothermal applications beyond electricity generation, fostering innovation, and strengthening regional economies and the Māori economy.
Tags: Shane Jones geothermal energy New Zealand Resources Minister electricity generation sustainable development innovation Māori economy industrial growth consultation