Mercury NZ Ltd - Company Profile
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Mercury NZ Ltd (Mercury), formerly Mighty River Power Ltd, is an integrated power company which generates, retails, and trades electricity. It produces power from hydro, wind, and geothermal sources. The company operates various power projects in South and North Islands. It retails energy to homes, businesses and industrial customers across the country under GLOBUG and Bosco brands. It also provides advanced metering infrastructure and data services. In consonance with its shift to renewable sources, the company converted the majority of its vehicle fleet to electric or plug-in hybrid. The company has operational presence in Chile, Germany, Peru, the UK, and Ireland. Mercury is headquartered in Auckland, New Zealand.
Headquarters
New Zealand
Address
Mercury, Private Bag 12023, Tauranga, Auckland, 3143
Website
www.mercury.co.nz
Telephone
64 9 3088200
No of Employees
1,512
Industry
Power
Ticker Symbol & Exchange
MCY (NZE)
Revenue (2022)
$1.7B
24.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-76.1%
(2022 vs 2021)
Market Cap*
$5.5B
Net Profit Margin (2022)
XYZ
-80.9%
(2022 vs 2021)
* As of and is in US$
Mercury NZ Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Gas | Supporting Services | GloBug |
| Electricity | BOSCO |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In March, the company began constructing the 50 MW geothermal power plant at the Nga Tamariki geothermal power station in New Zealand. |
| 2023 | Contracts/Agreements | In September, the company signed new contracts with Ormat Technologies for the supply and Engineering, Procurement and Construction (EPC) of a new 56 MW (gross) geothermal power plant at Ngatamariki, New Zealand. |
| 2023 | Corporate Changes/Expansions | In September, the company announced NZD220 million expansion of Nga Tamariki geothermal station. |
Competitor Comparison
| Key Parameters | Mercury NZ Ltd | Meridian Energy Ltd | Genesis Energy Ltd | Contact Energy Ltd | Manawa Energy Ltd |
|---|---|---|---|---|---|
| Headquarters | New Zealand | New Zealand | New Zealand | New Zealand | New Zealand |
| City | Tauranga | Wellington | Auckland | Wellington | Tauranga |
| State/Province | Auckland | - | Auckland | - | Northland |
| No. of Employees | 1,512 | 878 | 1,268 | 1,242 | 144 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Scott St John | Chairman | Executive Board | 2024 | - |
| Vince Hawksworth | Chief Executive Officer | Senior Management | 2020 | - |
| William Meek | Chief Financial Officer | Senior Management | - | - |
| Marlene Strawson | General Manager - People & Performance | Senior Management | 2012 | - |
| Fiona Smith | General Manager - Customer Operations | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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