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LATEST NEWS


News releases and stories by Mercury.


Keep up to date with the latest Mercury news here.

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Executive leadership team change

Mercury’s Chief Operating Officer - Generation, Kevin Taylor, has advised he intends to retire and will leave the company at the end of the year.

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Brighter Together

Meet some of our people who are making important decisions every day to ensure we’re in a great position for success tomorrow.

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Strong performance supports record renewable investment

Mercury delivered a strong FY26 performance, supported by higher hydro generation, new renewable generation, disciplined cost management and continued execution of its strategy.

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Scott Scoullar appointed as a director

Mercury has appointed Scott Scoullar as a director and he will join the Board on 1 September 2026.

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Mercury celebrates 50,000 mobile connections

Mercury Mobile has reached 50,000 connections, marking a major milestone in Mercury’s ambition to become one of New Zealand’s leading multi-product home services providers.

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Mercury acquires minority stake in Datagrid NZ to support long-term renewable demand growth

Mercury has invested US$30 million (NZ$53 million) for a 12.7% minority equity stake in Datagrid Holding Group NZ Ltd.

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FAST-TRACK APPROVAL ADVANCES NEXT STAGE IN RENEWABLE ENERGY BUILD

Mercury welcomes Fast-track approval to develop Puke Kapo Hau Wind Farm (Mahinerangi Wind Farm, stage 2) in Otago.

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EXECUTIVE LEADERSHIP TEAM CHANGE

Chief Strategy and Transformation Officer, Craig Neustroski, has resigned and will leave the company at the end of July 2026.

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MAHINERANGI WIND FARM MARKS 15 YEARS POWERING NEW ZEALAND

Mahinerangi Wind Farm began generating electricity for the country in February 2011 and was fully commissioned in March that year.

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MERCURY SCALING GEOTHERMAL PLATFORM, WITH UP TO $1B INVESTMENT IN NEXT PHASE

Mercury is scaling its geothermal platform, committing $75 million to geothermal appraisal drilling for two projects at existing sites near Taupō as part of its next growth phase.

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MERCURY SIGNS MAJOR HYDRO UPGRADE PROGRAMME WITH ANDRITZ

Mercury has signed a contract with international technology group ANDRITZ as part of a $590 million upgrade of three of the nine hydro stations on the Waikato River.

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FY2026 EBITDAF GUIDANCE UPGRADED TO $1.05B

Mercury announced today that it has upgraded its FY2026 EBITDAF guidance from $1.0b to $1.05b.

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MERCURY OPENS $220M GEOTHERMAL EXPANSION

Mercury has taken another step to boost New Zealand’s renewable energy supply, officially opening the new fifth generation unit at its Ngā Tamariki Geothermal Station near Taupō.

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FOUR YEAR REFURBISHMENT OF MARAETAI II BEGINS

Mercury has started working on improvements to its Maraetai II Hydro Station on the Waikato River. The project will involve refurbishing the turbines, generators, and water intake gates for each of the station’s five generation units.

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MERCURY INVESTS HEAVILY IN RENEWABLES; DELIVERS STRONG PERFORMANCE

Mercury has delivered a strong HY26 performance and continued to invest in renewables at scale, with half ($270 million) of the company’s HY26 earnings reinvested in new and existing generation assets.

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MERCURY POWERS UP NEW GEOTHERMAL GENERATOR

ANNOUNCEMENT: The new fifth unit at Mercury’s Ngā Tamariki Geothermal Station, near Taupō, has begun delivering generation to the grid.

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