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13 hot tech companies sold offshore: Did NZ benefit?

13 hot tech companies sold offshore: Did NZ benefit? 13 minutes to read This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired by Nasdaq-listed Bentley Systems for $1.45b. Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that in...
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Stewart Island running on diesel not a good look, mayor says

Island residents pay about 175 to 200 per cent of mainland electricity prices, the mayor said. Given Stewart Island is mostly a National Park, a Dark Skies Sanctuary and was aiming to be predator free, running on diesel was not a good look, Tong said. As well as land access issues, it materialised that there was not enough wind on the island, Tong said. “The final nail was the wind readings.” The project was in a pre-development design and feasibility study stage. Putting three turbin...
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Tiwai fallout: What the deal means for power prices, politicians and investors?

Tiwai fallout: What the deal means for power prices, politicians and investors? 18 Jan, 2021 04:27 AM 6 minutes to read A new electricity deal means the Tiwai Point aluminium smelter will continue to operate until at least 2024. Photo / Otago Daily Times A new electricity deal means the Tiwai Point aluminium smelter will continue to operate until at least 2024. Photo / Otago Daily Times Few single issues impact the New Zealand economy like the future of the Tiwai Point aluminium smelter. ...
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Rakiura could piggyback to cheaper, renewable electricity

Artist’s impression of the Datagrid data centre at North Makarewa, near Invercargill. Meridian Energy has agreed to supply Datagrid with 100 megawatts of power from the 800MW Manapouri hydro scheme if the plan goes ahead. Hawaiki Cable founder Remi Galasso and CallPlus co-founder Malcolm Dick aim to have the Datagrid project operating in 2023. They hope to take advantage of the cool climate and cheap renewable power to become a hub for cloud computing. The Makarewa project still requires ...
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Datagrid plans $500m hyperscale DC and two new subsea cables

Datagrid plans $500m hyperscale DC and two new subsea cables Sign in with LinkedIn 17 December 2020 | Natalie Bannerman Datagrid New Zealand has announced plans to build a new $500 million (A$700 million) hyperscale data centre in South Island, New Zealand. The new facility, to be located in North Makarewa in Southland, will enable tech giants like Google, Amazon, Apple, Facebook and Microsoft, to serve close to 20 million customers across eastern Australia and New Zealand. The project...
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Juha Saarinen: Data centre investment in New Zealand heats up

Juha Saarinen: Data centre investment in New Zealand heats up 15 Dec, 2020 04:00 PM 4 minutes to read Artist impression of Datagrid, a hyperscale data centre planned for near Invercargill. Photo / Supplied OPINION: Although this year has been borderline insane in many ways, there is positive business news coming in as well. One of them is that New Zealand could finally get its first hyperscale data centre, a facility that can scale up when needed to keep up with the worlds bur...
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Up to 1200 workers would be needed to build South Island data centre

Meridian Energys generation manager, Guy Waipara, has said it was “100 per cent” behind the scheme, which aims to capitalise on Southland’s cheap, renewable power and its cool climate. The power company has agreed to provide 100 megawatts of electricity, or about an eighth of the peak output of the Manapōuri hydro scheme, to power the data centre. Supplied An artists impression of what the Datagrid facility in North Makarewa would look like. Datagrid has selected US-owned Aecom, which...
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Meridian gets in behind $700m plan for 'hyperscale' data centre near Invercargill

Meridian Energy has agreed to supply Datagrid with 100 megawatts of power from the 800MW Manapouri hydro scheme. Meridian generation manager Guy Waipara said the power company had been meeting fortnightly with Datagrid over the past few months. “Every time we catch up, we get more and more confident this project is looking positive,” he said. “Remi has got a very strong track record and is going about this business with a lot of intent.” Icelandic power company Landvirkjun has helpe...
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