Geothermal power
Icelanders are world leaders in the use of geothermal energy for domestic and industrial purposes. Some 87% of the population enjoy central heating by geothermal energy at a price that is generally less than half of the comparable cost of oil or electric heating, thus contributing to making Iceland one of the cleanest environments in Europe. Geothermal steam has been used directly for a number of industrial processing applications in Iceland for decades now, and has also been developed for electricity generation on a small but growing scale. Today, the total installed geothermal electric power is around 422MW, and a further anticipated expansion of 60MW will lift the total to 482MW.
Invest in Iceland Agency is run by the Trade Council of Iceland and the Ministry of Industry.
