Fossafélagið Títan
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Fossafélagið Títan
Fossafélagið Títan (Titan Waterfall Company) was an Icelandic company founded in 1914 to develop hydroelectric power plants. From 1914 to 1919 the company acquired shares of water rights and contracts with mine owners in Iceland. In 1927 the company received permission to build a power station at Urriðafoss but was unable to raise capital for construction. The company became dormant and was wound up in 1951. Origins Frímann B. Arngrímsson came to Iceland in 1894 with proposals to mobilize water power to illuminate streets and buildings, but did not obtain backing. He met the poet and entrepreneur Einar Benediktsson, who encouraged him. Einar became fascinated by the potential of hydroelectric power, and his poetry discusses the power of waterfalls. In 1906 he began to engage in power generation enterprises, joining the boards of two companies, Skjálfanda and Gigant. These were formed to build and operate hydroelectric power plants, particularly the northern waterfalls of ...
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Urriðafoss
Urriðafoss (, "sea trout waterfall") is a waterfall located in the river Þjórsá in southwest Iceland. With a flow rate of 360 m³/s, it has the highest average water flow of any waterfall in Iceland, and the second highest in Europe behind the Rheinfall. The Fossafélagið Títan company was given permission in 1927 to build a power plant in Urriðafoss in connection with a railway to Reykjavík from the waterfall. It did not happen but now Landsvirkjun is planning to build hydropower stations on the lower part of Þjórsár river, at Urriðafoss and Núpur. The proposed Urriðafoss Power Plant is expected to have a capacity of approximately 125 MW and a power-generating capacity of 930 GWh per year. The powerhouse will be underground and a tunnel leading from the powerhouse will open out into Þjórsá river below Urriðafoss waterfall. The waterfall is expected to disappear if the powerhouse is built. Local residents in the area are protesting against the construction in ...
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