Two Māori-led geothermal exploration projects in Taranaki and South Waikato are set to receive nearly $6 million in government funding, paving the way for a better understanding of geothermal resources beyond New Zealand’s established geothermal regions.
The projects, led by Parininihi ki Waitōtara Incorporation and Wairarapa Moana ki Pouākani Incorporation, will investigate previously underexplored resources and assess their potential for future energy and direct heat applications.
The funding will support shallow test drilling, geoscience investigations and improved knowledge of the regions’ geothermal potential, helping identify opportunities for decarbonisation, attract future investment and stimulate regional economic growth.
A further $3 million has also been allocated to develop a national geothermal database, bringing fragmented information together to support future exploration and development. Together, the initiatives aim to make better use of New Zealand’s home-grown energy resources while creating opportunities for jobs, investment and long-term regional prosperity.
©Beehive