Mercury Energy believes geothermal has a huge role to play in the future of the country's electricity industry.

The Government's released a strategy on how to double the use of geothermal energy by 2040. 

It's also ring fenced $50 million from the Regional Infrastructure Fund for the development of geothermal energy projects. 

Mercury Chief Executive Stew Hamilton told Ryan Bridge the power just one of its geothermal sites produces is enough for around 150 thousand houses.

He says it also produces clean, reliable energy 24 hours a day, no matter the weather or season.

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Mercury Energy believes geothermal has a huge role to play in the future of the country's electricity industry.
The Government's released a strategy on how to double the use of geothermal energy by 2040.&nbsp;
It's also ring fenced $50 million from the Regional Infrastructure Fund for the development of geothermal energy projects.&nbsp;
Mercury Chief Executive Stew Hamilton told Ryan Bridge the power just one of its geothermal sites produces is enough for around 150 thousand houses.
He says it also produces clean, reliable energy 24 hours a day, no matter the weather or season.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Stew Hamilton: Mercury Energy CEO on the Government's plan to double the use of geothermal energy by 2040

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bda2a3e9-d914-4388-80bc-b410011a630f/transcript