Source: New Zealand Government
The Government has unveiled its strategy to harness the tremendous power of its geothermal resources and double its energy use by 2040, Resources Minister Shane Jones says.
From the Ground Up was launched by Mr Jones in Rotorua today, at an event attended by industry, stakeholders and media. The document sets out a practical plan to boost investment in the sector, build regional resilience and economic growth.
“Geothermal has been used for generations to power our regions and industries. This strategy provides momentum by clearing barriers, speeding up development, giving investors confidence and giving developers a green light to get on with it,” Mr Jones says.
The strategy lays out actions to modernise outdated regulatory settings, improve access to geothermal data, reduce early-stage risk for developers and support the growth of both traditional geothermal power and lower‑temperature geoheat applications.
“The strategy also lays a pathway for New Zealand to lead the world in next-generation geothermal technologies, including supercritical/superhot geothermal projects.” Mr Jones says.
“From Ngāwhā, Kawerau, Taupō and beyond, geothermal is already powering industry, tourism and local jobs while contributing around 18 percent of the electricity to the national grid.
“With the right settings, geothermal can do even more through attracting investment, enabling new technologies and giving Māori landowners and regional businesses real opportunities to create value from the resources beneath their feet.” Mr Jones says
Following consultation on a draft, the strategy has been strengthened to better reflect the cultural and economic importance of geothermal resources to tāngata whenua and commits to ongoing partnerships in development, protection and economic participation.
“Geothermal has always been a taonga for Māori. This strategy respects that history while opening the door to shared prosperity and long-term regional benefits.
“This strategy is about action through unlocking investment, supporting innovation, and building a stronger, more resilient energy system. We’re backing geothermal to help power New Zealand’s next chapter of growth.”
