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NZGA seeking suggestions for business propositions on geothermal energy use

NZGA seeking suggestions for business propositions on geothermal energy use Kawerau geothermal complex with industrial partners, New Zealand (source: NTGA)
Alexander Richter 18 Jul 2020

Based on identified business cases, NZGA is seeking suggestions for businesses that could relocate and utilise geothermal energy resources helping them in the energy transition.

In a post shared on LinkedIn, New Zealand Geothermal Association shared a call for suggestions related to the use of geothermal energy and businesses looking into a transition towards it.

If existing enterprise is to transition to geothermal energy then in most cases it is not just a shift in energy source that is needed, but the energy intensive part of the enterprise must relocate. A business will not normally look to relocating unless a decent proposition is available for consideration (i.e. a soundly structured business case). Suggested approach is to work with existing businesses to develop the cases for relocation in support of their energy transition.

In recent discussions with EECA and MBIE, NZGA have been suggesting 5 business cases be developed over the course of the next 12 plus months. We have been suggesting 5 business cases might require resourcing of say 1 to 1.5 Million. Resourcing is one aspect – the other is to have specific businesses identified that might benefit from such a relocation for whom a business case could be developed.

NZGA is looking for your suggestions for who these businesses might be. Please send your suggestions to committee@nzgeothermal.org.nz

Source: NZGA via LinkedIn