One of New Zealand's big power companies is throwing their support behind a firm planning to build a large data centre in Southland.

Mercury has invested $53 million for a 12.7 percent minority equity stake in Datagrid NZ.

Mercury CEO Stew Hamilton says the company's looking to invest in a new growth sector - and there's potential to make more investments like this down the track.

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One of New Zealand's big power companies is throwing their support behind a firm planning to build a large data centre in Southland.
Mercury has invested $53 million for a 12.7 percent minority equity stake in Datagrid NZ.
Mercury CEO Stew Hamilton says the company's looking to invest in a new growth sector - and there's potential to make more investments like this down the track.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Stew Hamilton: Mercury Energy CEO on the company taking a 12.7 percent stake in Datagrid NZ

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a5c48977-1821-49f3-b6b4-b4900072e302/transcript