Articles tagged with Geothermal Energy
Breaking Ground: New Zealand's First Supercritical Geothermal Exploration at Rotokawa Reservoir
1 week ago | 118 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
1 week ago | 158 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 technologyNew Zealand's Geothermal Energy Expansion Plan for 2040: Unlocking Potential
1 month ago | 708 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