Resources Minister Shane Jones has announced plans to unlock New Zealand's underutilised geothermal resources, considering applications beyond energy generation.
A hui in Rotorua today brought together iwi from the Taupō Volcanic Zone to discuss supercritical geothermal technology, which could increase energy output by up to three times. The Government has allocated $60 million from the Regional Infrastructure Fund for exploration, with a focus on drilling deep wells beyond 3.5km.
Supercritical geothermal is sourced from extremely hot rock heated by magma, offering a more reliable source of energy compared to renewable sources like hydro and solar. Minister Jones believes this technology could be a game-changer for New Zealand's energy sector and potentially internationally.
A total of $5 million will be spent on detailed design and costs for the first three deep exploratory wells in the Taupō Volcanic Zone. GNS Science is leading the initiative, with Māori involvement expected to play a crucial role in developing and implementing the geothermal strategy.
Minister Jones aims to launch a comprehensive geothermal plan later this year, building on New Zealand's history of innovation and harnessing the expertise of Māori communities.