One of our largest power companies sees the great potential in the Government's push for geothermal energy. 

The Resources Minister Shane Jones' draft strategy lays out a goal of doubling its production by 2040. 

Mercury Energy Chief Executive Stewart Hamilton says 20% of New Zealand's power already comes from geothermal. 

He told Ryan Bridge it has great opportunities to decarbonise and grow the economy. 

Hamilton says they're currently doing a $300 million extension on one of their geothermal sites, which will produce enough power for the entire city of Wellington. 

LISTEN ABOVE 

One of our largest power companies sees the great potential in the Government's push for geothermal energy.&nbsp;
The Resources Minister Shane Jones' draft strategy lays out a goal of doubling its production by 2040.&nbsp;
Mercury Energy Chief Executive Stewart Hamilton says 20% of New Zealand's power already comes from geothermal.&nbsp;
He told Ryan Bridge it has great opportunities to decarbonise and grow the economy.&nbsp;
Hamilton says they're currently doing a $300 million extension on one of their geothermal sites, which will produce enough power for the entire city of Wellington.&nbsp;
LISTEN ABOVE&nbsp;

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

Stewart Hamilton: Mercury Energy CEO on Shane Jones draft strategy to increase geothermal energy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/910ae611-cdc1-4b21-8727-b32a0176657e/transcript