What Does Trustpower Do?

Total employees125
HeadquartersTauranga
Founded1993

Trustpower was a prominent New Zealand electricity generation and electricity, gas, internet, and wireless telecommunications retailing company. In May 2022, Trustpower sold its retail business (electricity, gas, and telecommunications) to Mercury NZ Limited, which continues to operate it under the Trustpower brand. Trustpower's generation assets were subsequently rebranded and now operate as Manawa Energy. Historically, Trustpower was known for its bundled utility offerings and significant investment in renewable energy, primarily hydroelectric power. This page reflects information pertinent to the historical entity and the current status of its constituent parts.

Where Is Trustpower's Headquarters?

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*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the central hub for Manawa Energy's corporate operations, strategic planning for its generation assets, and administrative functions. Historically, this was the HQ for all Trustpower operations.

Notable Features:

A modern office building located in Tauranga's central business district, designed to support a leading energy company's operational needs. May incorporate energy-efficient design principles.

Work Culture:

For Manawa Energy, the culture likely emphasizes engineering excellence, operational efficiency, and sustainability in energy generation. Historically, Trustpower had a customer-centric and innovative culture.

HQ Significance:

The Tauranga headquarters is significant as the command center for managing a substantial portfolio of renewable energy generation assets across New Zealand. It represents the company's long-standing presence in the Bay of Plenty region.

Values Reflected in HQ: Efficiency, expertise in energy generation, commitment to renewable energy, and regional economic contribution.

Location:

Trustpower's operations, and subsequently Manawa Energy's, are primarily focused within New Zealand. There is no significant physical global office presence for its core energy generation or (historically) retail utility services. Any 'global' aspect typically relates to the procurement of specialized equipment, engagement with international technology partners, or interactions with international investors (e.g., Infratil, a major shareholder in Manawa Energy, has international investments).

Street Address:

Trustpower Building, 108 Durham Street

City:

Tauranga

State/Province:

Bay of Plenty

Country:

New Zealand

Where Else Does Trustpower Operate Around the World?

Oamaru, Otago, New Zealand

Address: 19 Eden Street, Oamaru 9400, New Zealand (Historical)

To serve as a local hub for customer interactions, manage regional service delivery, and support local community engagement in the Otago region.

Various Generation Sites, New Zealand

Address: Multiple locations across New Zealand where hydro and wind generation assets are located.

To generate renewable electricity for the national grid, ensuring operational reliability and safety of hydro dams and wind farms.

Buying Intent Signals for Trustpower

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Trustpower? Meet the Executive Team

As of April 2025, Trustpower' leadership includes:

Clayton Delmarter - Chief Executive
Phil Wiltshire - Chief Financial Officer
Richard Spearman - General Manager Commercial
Rebekah Hyslop - General Manager People & Culture
Mark Trubuhovich - General Manager Generation

Who's Investing in Trustpower?

Trustpower has been backed by several prominent investors over the years, including:

Infratil Limited (Major Shareholder)
Various institutional investors via NZX
Retail shareholders via NZX

What Leadership Changes Has Trustpower Seen Recently?

Hire0
Exits0

Following the sale of Trustpower's retail business to Mercury and the rebranding of its generation assets to Manawa Energy in 2022, the executive teams underwent significant restructuring. Manawa Energy established its leadership team, largely drawing from existing Trustpower generation executives. The most notable changes occurred around the transition period. Within the last 12 months, Manawa Energy's executive team has been relatively stable, focusing on embedding the new structure and strategy.

Departures

N/A within strict last 12 months (major changes pre-date), No major publicly announced executive departures from Manawa Energy's core team in the immediate last 12 months. Key departures related to the CEO of Trustpower (David Prentice) occurred leading up to the 2022 transition.

New Appointments:

Manawa Energy Leadership Team, The current Manawa Energy executive team members were largely confirmed in their roles following the rebrand from Trustpower's generation arm. No significant new external hires to this core team have been widely publicized in the last 12 months.

What Technology (Tech Stack) Is Used byTrustpower?

Discover the tools Trustpower uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Trustpower Email Formats and Examples

For Manawa Energy, which comprises the former generation assets of Trustpower, common corporate email formats are typically used. These often involve a combination of the employee's first name and last name.

[first].[last]@manawaenergy.co.nz or [f][last]@manawaenergy.co.nz

Format

jane.doe@manawaenergy.co.nz

Example

85%

Success rate

What's the Latest News About Trustpower?

Manawa Energy / NZXMay 21, 2024

Manawa Energy Full Year Results for the period ended 31 March 2024

Manawa Energy (MNW) released its audited full-year financial results for the year ended 31 March 2024, reporting an EBITDAF of $139.3 million and a net profit after tax of $35.6 million. The company highlighted strong hydro generation and progress on its capital investment programme....more

Mercury NZ / NZXFebruary 19, 2024

Mercury HY24 Results: Strong customer growth continues

Mercury NZ announced its half-year results, noting continued customer growth, including the successful integration and performance of the Trustpower retail brand customers. EBITDAF was $452 million....more

Trustpower / BusinessDeskMay 5, 2022

Trustpower reveals new name: Manawa Energy

Trustpower announced that its generation business would be rebranded as Manawa Energy following the sale of its retail business to Mercury. 'Manawa' means 'heart' or 'breath' in Te Reo Māori, reflecting the company's connection to natural resources....more

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