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Meridian and NZAS Accelerate Production Ramp-Up Amid Improved Hydro Storage

Story Highlights
  • Meridian Energy and NZAS will end the current demand response early due to improved hydro storage.
  • The agreement underscores NZAS’s role in supporting New Zealand’s electricity system with renewable aluminium production.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Meridian and NZAS Accelerate Production Ramp-Up Amid Improved Hydro Storage

Confident Investing Starts Here:

Meridian Energy Limited ( (MDDNF) ) just unveiled an announcement.

Meridian Energy Limited and New Zealand Aluminium Smelters Limited (NZAS) have agreed to expedite the ramp-up of NZAS’s production, concluding the current demand response earlier than planned. This decision comes as New Zealand’s hydro storage levels have improved, ensuring a secure electricity supply for the winter. The agreement highlights NZAS’s commitment to supporting the country’s electricity system while producing renewable aluminium. Meridian will have the option to call for different levels of demand response in the future, starting from April 2026.

More about Meridian Energy Limited

Meridian Energy Limited is a New Zealand-based company operating in the energy sector. It is listed on the NZX and ASX stock exchanges and focuses on providing renewable energy solutions.

For a thorough assessment of MDDNF stock, go to TipRanks’ Stock Analysis page.

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