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New power contract between Landsvirkjun and Advania Data Centers

February 9, 2018
Eyjólfur Magnús Kristinsson, CEO of Advania Data Centers, and Hörður Arnarson, CEO of Landsvirkjun.

Landsvirkjun and the technology company Advania Data Centers have signed a power contract for the supply of 30 MW to the data center at Fitjar in Reykjanesbær. Efforts are being made to expand the data center and the IT provider expects to triple its operations. Fifty employees are expected to work at the data centers and the estimated turnover for the year is approximately six billion ISK.

The agreement allows Advania Data Centers to meet the ever-increasing demand for high performance computing and specialist services in blockchain technology.

Renewable energy and the Icelandic climate contribute to creating favourable conditions for the data center at Fitjar.  The fact that the data center utilises the cold air to cool equipment is one of the things that attracts foreign customers to Advania Data Centers. This natural cooling means that the centers do not need to utilise large amounts of energy to cool the equipment and it is therefore more efficient to operate the centers in Iceland than it would be elsewhere.

The energy covered by the agreement will be delivered from Landsvirkjun's current power station network which operates 14 hydropower stations, three geothermal stations and two wind turbines. The expansion of the Búrfell Hydropower Station is scheduled to begin this summer.

Hörður Arnarson, CEO of Landsvirkjun:

“The collaboration with Advania Data Centers has been successful and it has been a pleasure to see the ongoing success of the company. This has led to a new and progressive industry in Iceland, which pays a competitive price for energy. Iceland is an ideal setting for the operation of data centers and the sale of electricity from renewable energy sources also reinforces Landsvirkjun’s own operations as well as supporting the further growth of the information technology industry in Iceland.”

Eyjólfur Magnús Kristinsson, CEO of Advania Data Centers:

"We have invested heavily in expertise and technical capabilities in recent years and this has strengthened the company‘s position in a highly competitive environment. Our customers see the benefits of the energy savings that come with the natural air cooling of computer equipment in the data center. A successful cooperation with Landsvirkjun is one of the reasons Advania Data Centers will continue on the fast pace growth track it has been on for the past years. The capability to answer continued customer demand for increased service delivery in Iceland is now secured for our next growth phase."

Advania Data Centers:

Advania Data Centers is a technology company in the field of High Performance Computing, blockchain technology and high density compute hosting. Advania’s HPC team consists of experts that oversee the operation of HPC environments and HPC Jobs of our customers, globally leading organizations in manufacturing, technology, science among other industries.

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