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

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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/78de9ee9-a85a-4faa-b3ca-b4900072da71/transcript