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Energy Dependent Industries

Iceland's unique natural resources make it the best choice for energy dependent industries. 

No other country in the world offers as competitively priced, renewable energy via long-term contracts on such a scale: 

  • Energy potential: up to two-thirds of the country's energy potential remains untapped
  • Competitive and environmentally friendly: Iceland's competitively priced energy is based on sustainable hydro and geothermal power
  • Quality energy infrastructure: Iceland has one of the highest ranking energy infrastructures in the world

Reasons to choose Iceland:

Rich, untapped natural resources

  • Iceland is the only country in Western Europe that still offers extensive resources of competitively priced, renewable energy.
  • According to the Icelandic Master Plan for Hydro and Geothermal Energy Resources an increase of 9.2 TWh is possible in the near future and potential of further 11.8 TWh.

And there's more to come…

  • In the near future there are plans to harvest geothermal steam with a pressure of up to 20 bar and temperatures of up to 250°C,  offering incredible benefits to steam, and electricity dependent industries.
  • See more at: IDDP

Sustainable, low cost power

  • Iceland's uniquely sustainable electricity generating capacity is based on hydropower and geothermal energy.
  • These environmentally friendly, green resources produce electricity with very little atmospheric emissions, especially when compared to fossil fuels.
  • 100% of the electricity on the grid derives from hydro and geothermal resources, with no use of fossil fuels or nuclear energy. 

A state-of-the-art power infrastructure

  • Iceland has one of world's highest ranked power infrastructures for reliability, efficiency and cost.

Excellent economic advantages

Benefits for the aluminium industry

  • Iceland's resources have provided excellent results for the aluminium industry –from the first smelter in the 1960s to more recent developments by companies such as Alcoa and RioTinto Alcan.
  • Using electricity generated by hydropower has enabled producers to cut their CO2 emissions by up to 90% per ton compared with coal-fired power stations.

Get in touch

For further information on the benefits of establishing a business in Iceland please feel free to contact us.

Contact

Kristinn Hafliðason

Project manager
+354 511 4000
E-mail:kristinn@invest.is

For further information

Usage of renewable energy

Diversified Usage of Renewable Energy in Iceland
Extract from an analysis of alternative energy intensive sectors

Free Trade with China

Iceland has an extensive Free Trade Agreement with China, which opens new opportunities for investors seeking to export to the world‘s fastest growing market.

Greenhouses

Iceland's geothermal energy resources make it the perfect location for greenhouse production with opportunities such as zero carbon footprint, pesticide-free growth and low cost production.

Fish Farming

Iceland's qualities make energy-intensive food production such as fish farming a cleaner, less costly process with a top level result.