New Zealand's government-affiliated research institutes and chemical manufacturers, which are becoming more widespread in geothermal power generation than in Japan, have set up a joint venture to embark on a geothermal power generation business in Japan.

On the 21st, a commemorative ceremony for the establishment of a joint venture was held in Tokyo, and New Zealand Prime Minister Jacinda Ardern, who is visiting Japan, said, "New Zealand has doubled the amount of geothermal power generation in the past 10 years, and Japan. It has the ability to support geothermal exploration. It will be a concrete step towards a decarbonized society for both countries. "



The consortium was launched by a New Zealand government-affiliated research institute and the chemical manufacturer Geo40.



In the future, with the support of the New Zealand government, we plan to collaborate with Japanese companies to promote the geothermal power generation business.



Geothermal power generation has the advantage that it can always generate power regardless of the time of day or the weather among renewable energies. According to the Ministry of Economy, Trade and Industry, Japan, which has many volcanoes, has more geothermal resources in the United States and Indonesia. Next, it is the third largest in the world.



The government has set a goal of triple the amount of geothermal power generation by 2030, and it will be watched whether this initiative will lead to the spread of geothermal power generation in Japan.