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25 Feb 2026 12:39
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  •   Home > News > Business

    More readily available electricity could be critical with demand expected to soar in the years ahead

    More readily available electricity could be critical with demand expected to soar in the years ahead


    The Crown's buying 200-million dollars worth of new Genesis Energy shares - to retain its 51 percent shareholding.

    It follows news of a 400-million dollar capital raise - to fast track solar and batteries.

    Major Electricity Users' Group Chair John Harbord says Genesis is also leaning into storing backup electricity.

    He says when you run a manufacturing business and need to be operating 24/7, you need to know the electricity's going to be there every minute of every day.

    © 2026 Newstalk ZB, NZCity

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     Today's News

    Business:
    A sharp drop in alcohol production last year - although spirits had a small lift 12:27

    Entertainment:
    Akinola Davies Jr. dedicated his EE BAFTA Award for Outstanding Debut to immigrant parents who sacrificed everything to give their children a better future 12:21

    Wellington:
    A fruitful fan-funding exercise for injured Wellington Phoenix women's footballer Sabitra Bhandari 11:57

    Entertainment:
    Sinners' Wunmi Mosaku has won her first EE BAFTA Film Award 11:51

    Business:
    Regional airlines are waiting with bated breath - as the Government dishes out the first loan to support at-risk routes 11:27

    Entertainment:
    Sean Penn was dec lared Best Supporting Actor at the 2026 EE BAFTA Film Awards 11:21

    International:
    Iran signs 'secret' $700m deal for Russian air defence systems, reports say 11:17

    National:
    Trump’s plan for strikes on Iran carries major risks – and the US military knows it 11:17

    Environment:
    Three Banks Peninsula properties have been red-stickered - in the wake of last week's severe flooding and landslips 11:07

    Entertainment:
    Jacob Elordi has likened filming his and Margot Robbie's steamy Wuthering Heights sex scenes to "choreographing a fight scene or a dance sequence" 10:51


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