Stewart Hamilton: Mercury Energy CEO on Shane Jones draft strategy to increase geothermal energy
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Stewart Hamilton: Mercury Energy CEO on Shane Jones draft strategy to increase geothermal energy
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About this listen
One of our largest power companies sees the great potential in the Government's push for geothermal energy.
The Resources Minister Shane Jones' draft strategy lays out a goal of doubling its production by 2040.
Mercury Energy Chief Executive Stewart Hamilton says 20% of New Zealand's power already comes from geothermal.
He told Ryan Bridge it has great opportunities to decarbonise and grow the economy.
Hamilton says they're currently doing a $300 million extension on one of their geothermal sites, which will produce enough power for the entire city of Wellington.
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