New Zealand's electricity companies know how to stick a pipe into the ground in the Taupo Volcanic Zone and generate electricity. They've been doing it for decades, and there is enormous untapped potential.
America's hyperscalers are currently willing to pay a large premium for immediacy. They are sticking expensive off-grid generators beside datacentres that would have to wait years for a connection.
If NZ could be the place where decisions on whether a power company is allowed to stick a pipe into the ground are made in weeks/months rather than years, and a similarly fast decision on whether a datacentre is allowed, tens to hundreds of billions of dollars could drop here in a very big hurry.
My column at Newsroom this week suggested NZ should consider being that place. And that the window of opportunity will not be open forever.
[As always, I didn't pick the headline]
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