Meridian Energy Ltd - Company Profile
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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. The company also procures electricity from the wholesale electricity market. The company supplies electricity to homes, businesses and farms in New Zealand. Meridian Energy operates hydropower plants on the Waitaki River and Manapouri Lake in New Zealand and operates wind power plants in New Zealand. The company has presence in New Zealand and the UK. Meridian Energy is headquartered in Wellington, New Zealand.
Headquarters
New Zealand
Address
33 Customhouse Quay, Wellington Central, 6011
Website
www.meridianenergy.co.nz
Telephone
64 4 3811200
No of Employees
878
Industry
Alternative Energy
Ticker Symbol & Exchange
MEL (NZE)
Revenue (2022)
$2.0B
-14.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-85.7%
(2022 vs 2021)
Market Cap*
$9.0B
Net Profit Margin (2022)
XYZ
-83.2%
(2022 vs 2021)
* As of and is in US$
Meridian Energy Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Electricity | Retailing | Meridian |
| Solar Power System | Electric Vehicle Charging | Powershop |
| Wholesale Trade |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In November, the company announced the installation of two new fast chargers in Kohatu. |
| 2023 | Contracts/Agreements | In October, the company and NZ Windfarms teamed up to form a 50-50 joint venture to repower and extend the Te Rere Hau wind farm. |
| 2023 | Contracts/Agreements | In October, the company and Parkwind signed a memorandum of understanding for the exploration of offshore wind generation in New Zealand waters. |
Competitor Comparison
| Key Parameters | Meridian Energy Ltd | Mercury NZ Ltd | Genesis Energy Ltd | Contact Energy Ltd | Vector Ltd |
|---|---|---|---|---|---|
| Headquarters | New Zealand | New Zealand | New Zealand | New Zealand | New Zealand |
| City | Wellington | Tauranga | Auckland | Wellington | Auckland |
| State/Province | - | Auckland | Auckland | - | - |
| No. of Employees | 878 | 1,512 | 1,268 | 1,242 | 537 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
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 | 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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