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- New Zealand sits on the Pacific Ring of Fire, a hotbed of volcanic and geothermal activity. This unique geographical positioning makes geothermal energy New Zealand especially viable. The country is among the world’s leaders in the utilization of geothermal energy, not just for electricity generation but also for direct use applications.
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Geothermal energy is a relatively low-cost and indigenous generation option that can contribute to New Zealand’s growing demand for electricity. It is uniquely reliable, with geothermal power stations typically achieving load factors of 95%, compared to typical load factors of 30 – 50% for hydro and wind power stations.
- 2020-2023 New Zealand Country Update
The New Zealand government understand that sustainable...
- 2020-2023 New Zealand Country Update
Geothermal energy is an important renewable energy source for New Zealand, providing around 18% of our electricity. In addition, geothermal energy is also directly used for industrial process heat, space heating and water heating.
Geothermal energy constitutes New Zealand's second-largest renewable electricity source, with the North Island estimated to have a potential of 1,000 MW for power generation. However, full exploitation may be constrained by economic, environmental, and social considerations.
Aug 9, 2023 · The main use of geothermal energy in New Zealand is for electricity generation. In 2017, electricity generation from geothermal accounted for over 17% of New Zealand's total electricity supply. Geothermal is currently one of New Zealand’s cheapest sources of new electricity generation.
Feb 15, 2024 · Can individuals in New Zealand use geothermal energy for their homes? While large-scale geothermal energy production is primarily for electricity generation, individuals living in geothermal areas can sometimes utilize geothermal heat for home heating.
The New Zealand government understand that sustainable geothermal energy is a key contributor to its efforts in transitioning to a net zero carbon emission target and strongly supports all aspects of the industry.
Renewable and efficient use of process heat is the most relevant NZEECS priority for direct geothermal energy use, with a target (developed using MBIE and Statistics New Zealand data) of a decrease in industrial emissions intensity1 of at least 1% per annum on average between 2017 and 2022.
