Stew Hamilton: Mercury Energy CEO on the company taking a 12.7 percent stake in Datagrid NZ

One of New Zealand's big power companies is throwing their support behind a firm planning to build a large data centre in Southland. Mercury has invested $53 million for a 12.7 percent minority equity stake in Datagrid NZ. Mercury CEO Stew Hamilton says the company's looking to invest in a new growth sector - and there's potential to make more investments like this down the track. LISTEN ABOVESee omnystudio.com/listener for privacy information.