Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Demand for NZ company’s expertise in geothermal energy

Demand for NZ company’s expertise in geothermal energy

August 3, 2015

With Japan’s demand for geothermal energy continuing to grow Auckland company International Earth Sciences (IESE) is looking to take advantage of the burgeoning market.

It follows last month’s announcement by the New Zealand government that the Crown research institute GNS Science was signing a Memorandum of Understanding (MOU) with the Japan Oil, Gas and Metals National Corporation (JOGMEC).

The agreement will be the basis for greater cooperation between the two countries in geothermal energy.

IESE chief executive Hylton White says its an important step for the New Zealand industry.

“The MOU signed between GNS Science and JOGMEC should provide private sector companies like ourselves with further access to the Japanese geothermal industry and we look forward to working with them going forward on opportunities like this.”

The Auckland based company specialises in geothermal and micro-seismic analysis and despite the fact it has been going for less than a year it has already secured multi-million dollar contracts in Mexico, Japan, Germany, Indonesia and New Zealand.

IESE chairman Ralf Muller says the company has been involved in two projects in Japan this year. This includes a joint research and development project with the Kyoto University Department of Civil and Earth Resources Engineering in Sanin Kaigan National Park.

“We are only in the early stages of exploration, but that’s an ongoing project for us.”

While senior scientists from IESE spent ten days in the country in April working with GERD (Geothermal Energy Research and Development) and JOGMEC at the Okuaizu geothermal field in the Fukushima Prefecture.

The company supplied seismic testing equipment to the Japanese company and supervised its installation. The authorities are looking at improving the efficiency of the existing Okuaizu geothermal field.

Since the 2011 Fukushima Daiichi nuclear disaster in 2011 Japan has been looking at alternative energy sources, including geothermal energy. This is due to the country’s abundance of volcanic activity.

Japan has one of the largest untapped reserves of geothermal energy in the world, but up to 80 per cent of these sites are in national parks and protected hot springs and until recently regulations have made it difficult to develop new projects.

But with the Japanese government making it easier to tap into its geothermal reserves it has huge potential for company’s like IESE.

For more information on IESE go to www.iese.co.nz


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuel Leak: Refinery Prepares To Repair Damaged Pipeline

Refining NZ has confirmed that it is to start repairs on a section of its multi-product fuel pipeline which was shut down following a jet fuel leak last Thursday. More>>uption.htm">More>>

ALSO:

StatsNZ: Economy Grows 0.8% In June Quarter

“Strong export and domestic demand underpinned growth this quarter,” national accounts senior manager Gary Dunnet said. “Demand for exports has resulted in strong production growth in manufacturing and service industries.” More>>

ALSO:

Stats NZ: Annual Net Migration Remains High

Annual net migration was 72,100 in the August 2017 year... Migrant arrivals reached 132,200, a new annual record, and migrant departures were 60,100 in the year ended August 2017. More>>

ALSO:

Expert Reaction: Cassini's Grand Saturn Finale

After a 20 year mission, NASA's spacecraft Cassini will meet its demise this week by plunging into Saturn's atmosphere and burning up. More>>

ALSO:

Jurisdiction: Court Rejects Cathay Unit's Retirement Age Of 55 For Pilots

The Supreme Court has backed two Auckland-based Cathay Pacific pilots who claimed local law meant they couldn't be forced to retire at 55. More>>

ALSO:

Supreme Court: AFFCO Loses Lockout Appeal

The essential question in the appeal was whether those who presented themselves for work at the beginning of the 2015/2016 season were at that time “employees” for the purposes of the lockout provision... This Court has unanimously dismissed the appeal. More>>