New Zealand Looks to Supercritical Geothermal as a New Energy Source
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A geothermal energy plant taps deep underground heat. David McNew/Getty Images
New Zealand is to explore supercritical geothermal resources in a bid to help replace dwindling gas reserves and control energy prices.
Electricity prices, particularly wholesale, in New Zealand are trending upward, driven by low hydro storage, high inflation, and increasing network investment costs.
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