Green opportunities

Green opportunities in energy-intensive industries

Vast opportunities exist for business development in green energy-intensive industries. Green, renewable energy allows us, for instance, to produce green and healthy food. The same green energy gives us the opportunity avoid spending many millions of USD on petrol and diesel every year and produce hydrogen and other environmentally friendly fuels. And the change to electric vehicles calls for greatly increased production of batteries. The data centre industry is continuously expending, as electronic data is becoming increasingly important in business and daily life. Here in Iceland we can power this important sector with renewable energy; we have reliable infrastructure and the climate is favourable for data centres.

These are all opportunities that should be grasped, to strengthen the economy as we do even more to combat climate change, using our unique global position in the field of green energy production and utilisation. Attractive new jobs will be created at the same time, adding value and guaranteeing Iceland’s energy independence.

  • Foodstuffs

    High-tech greenhouses, algae cultivation, protein production, various biotechnologies, dehydration, lyophilization, distillation and processing: these are examples of food production fields to which we can contribute, with our green energy and clean water.

  • Hydrogen and electrofuels

    Hydrogen is seen as an attractive energy option that could replace fossil fuels, in particular for larger vehicles such as LGVs, heavy construction equipment, ships and aircraft. Hydrogen production requires large quantities of energy, and the demand for green hydrogen is expected to increase in the coming years alongside climate goals