Scoop has an Ethical Paywall
License needed for work use Register

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


Transformational Funding for Industry




Transformational Funding for Industry

The Heavy Engineering Research Association (HERA) today received notification of funding from the Ministry for Business Innovation and Employment’s, High Value Manufacturing and Services, investment round. The announced funding is the government’s initial 2 year cornerstone contribution to a longer term co-operative research programme between HERA, metals engineering industry companies and research partners University of Canterbury and University of Auckland. The annual government contribution of close to $1M is matched by industry and research partners’ own contribution to the program and demonstrates the commitment of both government and industry, to have within 5 years; New Zealand sourced Organic Ranking Cycle (ORC) based power generation products on the market.

HERA Director, Dr. Wolfgang Scholz welcomed the news, “As an industry driven initiative, our Above Ground Geothermal and Allied Technology Research is market driven and reflects industries’ outward looking export focus. This program will bring together research capability from across New Zealand and support international collaboration while providing a platform for the development of New Zealand technology offerings.”

HERA Chairman, Mr. Peter Hutton, said that, “Government working in partnership with Industry can bring about transformational change. I hope this is the beginning of a strong relationship between Industry, Government and research capability that will underpin the innovation required for companies to develop market leading technology products for export.”

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

HERA is an industry owned and governed, not for profit, research organisation, representing 600 member companies in the metals engineering industry. It works to ensure that industry has the support it requires through conducting research, providing training and through a range of industry development activities.

The research supported by this grant, dovetails with HERA’s wider market driven, Industry Development Roadmap Process and reinforces New Zealand’s international geothermal capability offerings.


For more information on HERA visit :

© Scoop Media

Advertisement - scroll to continue reading
Business Headlines | Sci-Tech Headlines

FMA: Medical Assurance Society To Pay $2.1 Million Penalty For Making False And Misleading Representations To Customers

Medical Assurance Society New Zealand Limited (MAS) has been ordered to pay a pecuniary penalty of $2.1 million for making false and/or misleading representations to some customers, following proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More

IAG: Call On New Government To Prioritise Flood Resilience

The economic toll of our summer of storms continues to mount, with insurance payouts now topping $1B (second only to the Christchurch earthquakes). AMI, State, & NZI have released the latest Wild Weather Tracker, which reveals 51,000 claims for the North Island floods & Cyclone Gabrielle, of which 99% (motor), 97% (contents), and 93% (home) of claims have now been settled... More


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.