© 2021 Iceland Renewable Energy Cluster
Orkuveita Reykjavíkur (OR), also known as Reykjavík Energy, is Iceland‘s largest producer of geothermal energy. The subsidiary ON Power generates electricity and hot water in two geothermal power plants, at Nesjavellir and Hellisheiði. The current combined power of the plants is 423 MW electricity and 533 MW thermal.
OR’s subsidiary Veitur Utilities is responsible for providing about 70% of Icelanders with geothermal heating. Veitur receive hot water from ON Power’s geothermal power plants. Additionally, Veitur’s own direct use of geothermal resources provides up to 500 MW of thermal power.
All companies emphasize environmental, social and fiscal sustainability in all their operations. Special attention is given to gender equality and the companies have committed to developing methods that allow for zero-emission utilization of the geothermal resource.