Govt unlocks $55m for superhot geothermal push
The technical challenge is whether equipment can withstand the heat and pressure at that depth, and whether the energy can be brought to the surface in a useful form.
Rotokawa geothermal plant.
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The Government has released the remaining $55 million for GeoShot NZ, a project aimed at drilling New Zealand’s first superhot geothermal well.
Regional Development and Resources Minister Shane Jones said Cabinet had approved the funding from the $60m initially ring-fenced in the Regional
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