What new energy battery companies are there in Iceland

Does Iceland have wind power?

Nevertheless, Glaciers cover 11 percent of Iceland. Therefore, season melt feeds glaciers’ rivers thereby contributing to hydropower resources. Nonetheless, the country has lunatic wind power potential that stayed untapped for ages. However, in 2013, Iceland became a producer of wind energy that contributed to Iceland renewable energy percentage.

How much electricity does Iceland use?

Similarly, in 2015, Iceland’s electricity consumption was 18,798 GWh whose 100 percent production was made by using renewable sources. 73 percent came from hydropower while 27 percent came from geothermal power. Nevertheless, Glaciers cover 11 percent of Iceland.

What percentage of Iceland's electricity is produced from renewable sources?

Currently, nearly 100 percent of Iceland’s electricity is produced from renewable sources. However, rapid expansion in the country's energy-intensive industry has resulted in a considerable increment in demand for electricity during the last decade.

Could a new fuel system be a viable solution in Iceland?

Variety of fuels will be on the market but for now it seems that a possible solution in Iceland would be to utilise the methane that is possible to capture from landfill sites (could replace 5-10% of the fuel market) and then to have electro-mobility based on BEV and FCEV´s replacing other vehicles depending on the customer needs and demands.

Why did Iceland start a hydrogen company?

The company was formed in 1999 following a declaration from the Government of Iceland declaring (in 1998) that Iceland would like to explore the possibility of exchanging from a fossil fuel paradigm in transport to utilising hydrogen.

Who is the national power of Iceland?

Therefore, Landsvirkjun is the National Power of Iceland. The company ‘Landsvirkjun’ was established in order to construct as well as operate hydroelectric power plants that could provide reasonably electricity to the domestic market and power-intensive industries. Since then the company has completed various large-scale projects across Iceland.