Potential offtaker

Genesis Energy Ltd

www.genesisenergy.co.nz

Estimated electricity consumption

N/A

Countries of production presence

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Genesis Energy Ltd is a New Zealand-based energy company that operates in the power generation sector. The company is committed to decarbonisation and has been actively pursuing renewable energy sources to reduce its carbon footprint. Genesis Energy Ltd is one of the largest power generators in New Zealand, with a diverse range of assets that include hydro, thermal, and wind power plants. The company is also involved in the retailing of electricity and gas to both residential and commercial customers.

Decarbonisation is a key focus for Genesis Energy Ltd, and the company has set ambitious targets to reduce its carbon emissions. The company has committed to reducing its carbon intensity by 46% by 2030, compared to 2018 levels. To achieve this, Genesis Energy Ltd is investing heavily in renewable energy sources such as wind, solar, and hydro power. The company is also exploring new technologies such as hydrogen and battery storage to further reduce its carbon emissions.

Corporate energy is another area of focus for Genesis Energy Ltd. The company provides energy solutions to businesses of all sizes, from small startups to large corporations. Genesis Energy Ltd offers a range of products and services, including energy audits, energy management systems, and energy efficiency advice. The company also provides corporate power purchase agreements (PPAs) to businesses that want to purchase renewable energy directly from the source.

Corporate PPAs are becoming increasingly popular as businesses look for ways to reduce their carbon footprint and meet sustainability targets. Genesis Energy Ltd offers corporate PPAs for renewable energy sources such as wind and solar power. These agreements allow businesses to purchase renewable energy directly from the source, reducing their reliance on fossil fuels and helping to decarbonise the energy sector.

Renewable energy is a key area of focus for Genesis Energy Ltd. The company has a diverse range of renewable energy assets, including wind, solar, and hydro power plants. Genesis Energy Ltd is also exploring new technologies such as hydrogen and battery storage to further increase its renewable energy capacity. The company is committed to increasing its renewable energy generation and reducing its reliance on fossil fuels.

In addition to its renewable energy assets, Genesis Energy Ltd also operates thermal power plants. The company is committed to reducing the carbon emissions from its thermal plants and is exploring new technologies such as carbon capture and storage to achieve this. Genesis Energy Ltd is also investing in energy efficiency measures to reduce the amount of energy required to operate its thermal plants.

Overall, Genesis Energy Ltd is a leading energy company in New Zealand that is committed to decarbonisation and renewable energy. The company is investing heavily in renewable energy sources such as wind, solar, and hydro power, and is exploring new technologies such as hydrogen and battery storage to further reduce its carbon emissions. Genesis Energy Ltd is also providing energy solutions to businesses of all sizes, including corporate PPAs for renewable energy sources. The company is committed to reducing its carbon footprint and helping to decarbonise the energy sector in New Zealand.

✓ Science Based Targets member
✓ Declared Net Zero commitment