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Meridian Energy Ltd (Meridian Energy) is a state-owned energy utility that generates, trades and retails electricity. It utilizes renewable energy sources such as wind and water for generation of electricity. It also procures electricity from the wholesale electricity market. The company supplies electricity to homes, businesses and farms in New Zealand. It also supplies electricity to residential and commercial customers in Australia through its subsidiary Powershop Australia Pty Limited. Meridian Energy operates hydropower plants on the Waitaki River and Manapouri Lake in New Zealand and operates wind power plants in New Zealand and Australia. The company has presence in New Zealand, Australia and the UK. Meridian Energy is headquartered in Wellington, New Zealand.

Headquarters New Zealand

Address 33 Customhouse Quay, The Terrace, Po Box 10840, Wellington, 6143


Telephone 64 4 3811200

No of Employees 1,001

Industry Alternative Energy

Ticker Symbol & Exchange MEL (NZE)

Revenue (2021) $2.8B 26.2% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 143.2% (2021 vs 2020)

Market Cap* $7.1B

Net Profit Margin (2021) XXX 92.7% (2021 vs 2020)

* As of and is in US$

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40+

Power Plants

Receive regular updates of upcoming projects for Meridian Energy Ltd to keep you on top of all opportunities, with detailed information on each power plant.

17+

Tenders & Contracts

Easily identify the involved stakeholders, monetary value, opening and closing dates of tenders, and awarded contracts for Meridian Energy Ltd.

2

Energy Storage Projects

Understand the energy storage landscape for Meridian Energy Ltd, drawing on intelligence spanning electrochemical, electromechanical, thermal and hydrogen storage.

2

Smart Grid

Tracks all upcoming smart grid projects across the globe. It provides detailed information about advanced grid & IT infrastructure, microgrid, automation and other smart infrastructure projects.

1

Transmission & Distribution

Access detailed information for each company project covering project owner location, voltage level, line length/substation capacity, type of circuit, expected year of commissioning, and more.

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Products and Services

Products Services Brands
Electricity Retailing Meridian
Wholesale Trade Powershop
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Corporate Changes/Expansions In May, the company announced to change its address to 287-293 Durham Street North, Christchurch 8013, New Zealand.
2022 Contracts/Agreements In April, the company nominated price separation periods under electricity agreement with New Zealand Aluminium Smelters Limited (NZAS).
2022 Contracts/Agreements In February, the company's joint venture the Southern Green Hydrogen project announced four potential development partners was shortlisted to develop the world’s first large-scale green hydrogen plant in Southland.
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Competitor Comparison

Key Parameters Meridian Energy Ltd Genesis Energy Ltd Contact Energy Ltd Mercury NZ Ltd Vector Ltd
Headquarters New Zealand New Zealand New Zealand New Zealand New Zealand
City Wellington Auckland Wellington Auckland Auckland
State/Province - Auckland - Auckland -
No. of Employees 1,001 1,149 945 752 970
Entity Type Public Public Public Public Public
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Key Financial Charts

Operating Margin
Operating Margin
EPS (Earnings per Share)
EPS (Earnings per Share)
Debt to Equity Ratio
Debt to Equity Ratio
Return on Assets
Return on Assets
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Executives
Name Position Board Since Age
Mark Verbiest Chairman Executive Board 2019 -
Neal Barclay Chief Executive Officer Senior Management 2018 -
Mike Roan Chief Financial Officer Senior Management 2019 -
Bharat Ratanpal Chief Information Officer Senior Management 2022 -
Jason Stein Chief People Officer Senior Management 2020 -
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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