New startup seeks to develop New Zealand’s low-temperature geothermal potential

Website screenshot of GeoExchange New Zealand

A new company, GeoExchange New Zealand, has officially been launched with the mission of identifying, protecting, and developing New Zealand’s lesser know but abundant low-temperature (10 °C to 50 °C) groundwater and geothermal resources.

With a multidisciplinary team of scientists, engineers and social scientists, GeoExchange NZ provides independent design and advisory services to the public and private sector on ground source heat pump and geoheat systems. The team has over 70 years of local and international experience, creating a unique capability to integrate the disciplines of mechanical engineering, environmental sciences, systems thinking, social sciences and some design philosophy.

GeoHeat, the Energy Transition and Aotearoa New Zealand

New Zealand is blessed with abundant high temperature geothermal resources that provide low carbon and renewable electrical energy. It is also blessed with abundant low temperature (10°C to 150°C) groundwater and geothermal resources that can provide low carbon and renewable thermal energy.

Less well known, these low temperature, or geoheat sources, are everywhere and can be used either directly (e.g. geothermal pools) or indirectly with a heat pump.

The result is low carbon, energy efficient heating, cooling and hot water to homes, offices, aquatic centres, health and educational facilities as well as district heating and industrial applications such as process heat and greenhouses.

GeoExchange NZ exists to accelerate New Zealand’s transition to a cleaner and fairer energy system.

Learn more about GeoExchange NZ on their official website and LinkedIn page.

Source: GeoExchange NZ via email correspondence