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New Zealand is advancing its energy alternatives with the Deep Heat supercritical geothermal project near Taupō, aiming to drill 4-6 kilometers into the earth's crust to access super-hot fluids. This initiative is funded by $60 million from the Regional Investment Fund, with drilling at Rotokawa expected to begin by late 2026.

Despite being decades away from commercial viability, this project offers potential to reduce reliance on gas and coal. Concurrently, Foresta is constructing a $300 million facility in Kawerau to produce torrefied wood pellets from forestry waste, intended to replace coal at Genesis Energy's Huntly Power Station. This development aligns with New Zealand's broader renewable energy goals.