We believe Iceland has much to offer these companies, in addition to our green, clean energy. Battery manufacture is energy-intensive, labour-intensive and requires land space, making Iceland a good choice. And many companies also emphasise a low carbon footprint in production.
Iceland’s green energy can guarantee production with a low carbon footprint, and our location between Europe and America is also an asset. Iceland would benefit greatly if battery production were to begin here, as a more diverse foundation would be provided for the economy through increased value creation, while we also play an active role in the world’s energy exchange.