Asia & Pacific

New Zealand Looks to Supercritical Geothermal as a New Energy Source

The government has selected a site in the Taupō geothermal region, in the middle of the North Island, as the site for the first exploratory well.
New Zealand Looks to Supercritical Geothermal as a New Energy Source
A geothermal energy plant taps deep underground heat. David McNew/Getty Images
Rex Widerstrom
|Updated:
0:00

New Zealand is to explore supercritical geothermal resources in a bid to help replace dwindling gas reserves and control energy prices.

Electricity prices, particularly wholesale, in New Zealand are trending upward, driven by low hydro storage, high inflation, and increasing network investment costs.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.