New Zealand firm Todd Energy has been selected as the preferred lead contractor to drill New Zealand’s first exploratory superdeep, superhot geothermal well, which – if successful – could bring about a step change in New Zealand’s energy supply.
The Government has announced its next steps in leveraging public sector energy demand to drive new energy projects and help grow New Zealand’s energy supply.
The September 2025 quarter saw 89.4% of all electricity generated from renewable sources, with hydro, geothermal and solar leading the charge, says Amapola Generosa, Domains Manager, Ministry of Business, Innovation and Employment.
The Minister of Finance and Minister for Energy have announced a series of actions to secure New Zealand’s energy supply and build better markets for the future.
The latest Energy Quarterly data release from the Ministry of Business, Innovation & Employment (MBIE) shows a combination of record geothermal electricity generation and reduced energy demand in the April to June 2025 quarter kept overall renewable generation high, says MBIE Domains Manager Amapola Generosa.