Poly Silicon Producer Secures Equity
Silicor Materials, Inc. has secured $105M in equity capital agreements to support the construction of its first commercial-scale manufacturing of Polysilicon at Grundartangi, Iceland. This plant will be using green energy and proprietory new technology to produce the vital ingredient in solar cell.
New State of the art Silicon Metal factory
One of the world's most advanced silicon metal production plants is being built in Northeast Iceland by international PCC group. The plant will be powered exclusively by energy from renewable resources, mainly geothermal, and utilising energy-efficient technologies.
Danish supercomputer in Iceland to cut cost
The next High Perfomance Computing facility of the Danish Meteorological Institute, will be located in Iceland, due to cost efficiency and the green energy.
Marriott EDITION to open in Reykjavik
The new luxury 250 room boutique hotel, next to Reykjavik's award winning Harpa Conference Center and Concert Hall, will be a Marriott EDITION hotel.
Capital Account Liberalisation Announced
The temporary capital controls will be lifted, while ensuring financial stability in Iceland, according to a comprehensive strategy announced by the Government. The measures include Central Bank currency auctions for holders of offshore ISK in the autumn.
US investors to build 5-star hotel in Reykjavik
US-based Carpenter & Company have announced the development of a 250-room 5-star hotel by Harpa, the Concert Hall and Conference Center at the old harbour in Reykjavik City Centre.
Carbon Recycling celebrates 200% increase in methanol production
The renewable methanol plant in Svartsengi, Iceland, has been expanded and the production capacity increased by 200% to 4,000 tons of renewable methanol per year.
Land and Equipment Secured for Proposed Polysilicon Plant
Silicor Materials has signed land lease and port agreement and equipment contract with SMS Siemag for a proposed polysilicon plant at Grundartangi, Iceland, yielding up to 19,000 metric tons of solar silicon each year for the global solar market.
Verne Global finances accelerated growth of Iceland data center campus
Verne Global has secured US$98M in Series D Equity Funding to accelerate the growth of its Icelandic data center campus, which offers scalable and secure solutions that combine unparalleled cost savings and renewable energy.
Alvotech Reykjavik starts recruiting
Alvotech Biopharmaceuticals, currently building a state of the art 12 thousand square meter manufacturing and laboratory facility in the science park of the University of Iceland, has started recruiting.