It has an electrical generating capacity of 303MW and thermal generating capacity of 400MW which signifies Iceland’s stance on the use of renewable resources. From its establishment between 2006 and 2011, the company has made significant contributions to the implementation of sustainable energy.
Energy Requirements: By 2030, total renewable energy needed for hydrogen and e-fuels: 3.2 TWh (17% of Iceland’s current annual power generation). By 2040, total energy needed to phase out all fossil fuels: ~23 TWh (more than Iceland''s current generation).
The geothermal power plant at Hellisheidi Mountain near Mount Hengill is currently among the largest geothermal power stations globally. It has an electrical generating capacity of 303MW and thermal generating capacity of 400MW which signifies Iceland’s stance on the use of renewable resources.
The facility aims to produce 65,000 tonnes of SAF annually, potentially fulfilling 15% of Iceland''s expected jet fuel demand for 2028. Green hydrogen from Iceland’s wind, hydropower, and geothermal energy will be used with biogenic carbon dioxide (CO2) sourced from Haffner’s gasification technology.
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Using a massive 70.5-ton, 1,312-foot-wide satellite, Iceland plans to become the first nation to use electricity beamed down from space.
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