Team pondering green energy park in Iceland welcomes 3 new partners

Three companies have joined the team considering the development of a green energy park in Reydarfjordur, Iceland, it was announced on Wednesday.

Copenhagen Infrastructure Partners (CIP), Iceland’s national power company Landsvirkjun, and Fjardabyggd, Iceland’s easternmost municipality, have already joined forces to assess the feasibility and develop the project. Now, Atmonia, a start-up developing an electro-catalytic process for generating ammonia from air and water, salmon-farming company Laxar and fishing company Sildarvinnslan have joined in.

The partners will study how the production of green e-fuel can aid the energy transition in the fisheries, shipping and haulage sectors in Iceland. They will also look into the production of carbon-neutral fertiliser, the use of the by-product of oxygen for fish-farming on land, as well the use of waste heat for heating houses in Reydarfjordur.

Felix Pahl, partner in CIP, said the project’s aim is “[...]to advance the green energy transition in Iceland and northern Europe, and increase energy efficiency by using the benefits of the circular economy.”

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