New Zealand Clean Energy Center Gets Funding

To help establish the New Zealand Clean Energy Center in Taupo, government funding has been approved subject to conditions, announced Economic Development Minister Trevor Mallard and Taupo MP Mark Burton.

“The New Zealand Clean Energy Center will be a national center for the commercialization and application of clean energy research and technology, with the aim of increasing the direct use of clean geothermal and bioenergy resources in new and existing businesses,” said Mallard. “The government will provide $2 million to the initiative on condition that the center secures $2 million in funding from the energy industry by the end of this year.” “I’m pleased the government has been able to support this Major Regional Initiative, which is a joint project between Lake Taupo Development Company, the region’s economic development agency, the local council and industry groups,” Mallard continued. “The Clean Energy Center aims to focus on innovation, business development and incubation of energy-related businesses and provide technical assistance to increase the uptake of renewable energy opportunities in the region and nationally.” “This will help the Taupo economy to further diversify beyond forestry, farming, and tourism, and the center also aims to add value to existing industries,” said Burton. “There are significant geothermal resources in the Taupo region. There is also good geothermal and biomass capability that includes energy companies, energy users, science and research capability, and technological consultancies.”
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