CDB and Invest in Iceland will define investment oppportunities in Iceland and encourage mutual investments according to a Memorandum of Understanding between Promote Iceland and CDB signed today in the presence of the prime ministers of China and Iceland.

Landsvirkjun, Iceland's national power company, has ambitious plans to power 1% of Europe's data center industry with electricity from renewable hydroelectric and geothermal sources by 2020.

National High Performance Computing (HPC) organisations of Denmark, Norway, Sweden and Iceland have pooled resources and powered up an innovative joint supercomputer hosted by Thor Advania Data Center in Iceland. Locating the computer close to the green energy source introduces substantial savings according to NHPC's press release.

Stolt Seafarm is preparing to produce up to 2000 tonnes of senegalese sole in Iceland, using warm water and electricity from HS Orka's geothermal powerplant in Reykjanes.

Icelandic media today report the interest of foreign investors in TM, one of Iceland's leading insurance companies.

In January the Central Bank of Iceland offered to purchase euros in exchange for long-term investment in Iceland or payment in Treasury Bond. Bids for 141.3 million euros were accepted.

Marorka and Futureship, two leading energy efficiency improvers, have formed a strategic alliance to further reduce emissions and fuel consumptions for shipowners around the world.

Iceland's minister of finance and acting minister of industry pledged government support for further growth of the data center industry in Iceland at the ribbon cutting ceremony on 8 February when the Verne Global green data center formally opened.