Icelandic New Energy Ltd (''Íslensk NýOrka ehf'') is a company that promotes the use of

hydrogen fuel Hydrogen fuel refers to hydrogen which is burned as fuel with oxygen. It is zero-carbon, provided that it is created in a process that does not involve carbon. It can be used in fuel cells or internal combustion engines (see HICEV). Regarding hydr ...

Iceland Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...

founded in 1999 following a decision in 1998 by the

Icelandic Parliament The Alþingi (''general meeting'' in Icelandic, , anglicised as ' or ') is the supreme national parliament of Iceland. It is one of the oldest surviving parliaments in the world. The Althing was founded in 930 at ("thing fields" or "assembl ...

to convert vehicle and fishing fleets to hydrogen produced from

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

by 2050. Icelandic New Energy was formed as a spin-off from the research carried out by the

University of Iceland The University of Iceland ( is, Háskóli Íslands ) is a public research university in Reykjavík, Iceland and the country's oldest and largest institution of higher education. Founded in 1911, it has grown steadily from a small civil servants' s ...

and is 51% owned by Vistorka, with the remainder owned by Daimler,

Norsk Hydro Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world an ...

and

Shell Hydrogen Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...

. VistOrka itself is owned by The Icelandic New Business Venture Fund (Nýsköpunarsjóður), the Ministry of Industry and Commerce, the national electricity company

Landsvirkjun Landsvirkjun, () the National Power Company of Iceland, is Iceland's largest electricity generator. Landsvirkjun operates 18 power plants in Iceland concentrated on five main areas of operation. History Landsvirkjun was founded on 1 July 1965 b ...

Orkuveita Reykjavíkur Orkuveita Reykjavíkur (English: Reykjavík Energy) is an Icelandic energy and utility company that provides electricity, geothermal hot water through district heating and cold water for consumption and fire fighting. It also operates a wholesale ...

(Reykjavík Energy), Hitaveita Suðurnesja, the Technological Institute of Iceland, The Fertilizer Plant (Áburðarverksmiðjan), the

and Reykjavik Resources.Icelandic New Energy: VistOrka
accessed 2015-05-03 Together with SEV, and the authorities in the Faroe Islands and

Greenland Greenland ( kl, Kalaallit Nunaat, ; da, Grønland, ) is an island country in North America that is part of the Kingdom of Denmark. It is located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. Greenland is t ...

, Icelandic New Energy has established the North Atlantic Hydrogen Association to investigate hydrogen technology. Since its foundation, Icelandic New Energy has managed a number of hydrogen demonstration projects in the country. The company also engages in hydrogen fuel consultancy, educational seminars and other activities.

External links

Icelandic New Energy

References

Energy companies of Iceland Hydrogen economy 1999 establishments in Iceland Energy companies established in 1999 {{Iceland-company-stub

See also

External links

References