Landsvirkjun’s Information System Division has fulfilled requirements for certification in accordance with the ISO 27001 standard, information security management systems.
The object of HydroKraft Invest hf., which is owned by Landsvirkjun and Landsbankinn Vatnsafl, is to invest in restructuring projects and new construction projects in the field of renewable energy.
Landsvirkjun has revised is profitability assessment regarding Kárahnjúkar Power Plant, originally made at the end of 2002 when the decision was taken to enter into an agreement with Alcoa to build the hydroelectric installation.
Both unit generator transformers of the Sultartangi Station have broken down due to damages to the insulation of secondary coils.
LV established the company, currently named Landsvirkjun Power ehf. (LP), under the name Landsvirkjun Invest on 1 March 2007. The formal operation of the company will begin on 1 January 2008.
Landsvirkjun and Becromal Iceland have signed a declaration of intent on negotiations relating to energy purchase for a pure silicon plant. These negotiations will continue to at least the end of January.
Árni Gunnarsson, engineer in the engineering and construction division, stated to the newspaper Morgunblaðid this morning that the noise from borehole 36 at Krafla was ear-splitting. The hole was opened and vented yesterday.
The US radio station NPR is currently broadcasting programmes on atmospheric issues and global warming. Four programmes on Iceland were broadcast in the series. Bjarni Pálsson, engineer at Landsvirkjun, was involved in two programmes.
Þeistareykir ehf., a company jointly owned by Orkuveita Húsavíkur, Norðurorka, Landsvirkjun and the districts Aðaldælahreppur and Reykdælahreppur, has submitted a draft for an assessment plan with respect to the planned Þeistareykir Power Plant.
Last week, Landsvirkjun issued bonds amounting to USD 75 million under the company’s European Medium-Term Notes Framework Agreement; the amount corresponds to ISK 4.5 billion.
The Kárahnjúkar hydroelectric station was formally launched today in the presence of many guests in Fljótsdalur station and at Hotel Nordica in Reykjavík.
Landsvirkjun and Theistareykir have signed an agreement with Jardboranir hf regarding drilling five new exploratory boreholes in North-east Iceland next year.
Yesterday, Kristján L. Möller, Minister of Communications, presented Landsvirkjun with the Icelandic Quality Award. Örn Marinósson, Deputy Managing Director, accepted it on our behalf at a formal ceremony.
Landsvirkjun decides to enter into negotiations with customers that intend to develop server farms in in Iceland.
A cooperative project on energy transition and energy-related innovation.
The CDP has recognised Landsvirkjun as a leading company in the worldwide battle against climate change, earning a grade of A- on their Climate list. CDP is a non-profit organisation, that runs the global disclosure system, gathering and distributing information and advising on continuous improvement on environmental issues.
Economic conditions continue to affect operations but net debt continues to decrease.
The aluminium and data center industries in Iceland enjoy competitive electricity prices that do not negatively impact the energy-intensive industries’ competitiveness in general. These were the main conclusions of the report compiled by the Fraunhofer Institute for Systems and Innovation Research ISI at the request of the Ministry of Industries and Innovation in Iceland. Landsvirkjun’s CEO, Hörður Arnarson said “this confirms what we already firmly believe, that we offer green energy at competitive prices. We are pleased that this has now been confirmed by an independent expert.”
Tinna Traustadóttir and Ríkarður S. Ríkarðsson have been appointed as the Executive Vice Presidents of the new Sales and Customer Service and Business Development and Innovation. The Marketing and Business Development Division will no longer exist.
Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have signed a Memorandum of Understanding ("MOU”) to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam. According to the MOU, the parties also agree to the exchange of knowledge, with the aim of exploring new opportunities of cooperation related to hydrogen.
Among the first companies globally to adopt a new approach to finance green assets.
Landsvirkjun’s results for the first half of the year reflect the difficult economic conditions throughout the world.
Hörður Arnarson, CEO, Landsvirkjun, explains how the power company's ongoing innovation allows it to maximize the sustainable harvest of natural resources and add value to the economy in an interview with Country Reports in partnership with Newsweek.
" The current economic situation has shown us that supporting innovation and improving the utilisation of natural resources in Iceland is more important than ever" says Kristín Linda Árnadóttir, Deputy CEO of Landsvirkjun.
Landsvirkjun, Norðurorka (Utility Company), Húsavík Energy and SSNE have signed a new contract to continue their cooperation on the EIMUR innovation project which was formally established in 2017.
Landsvirkjun has started the process of developing a hydrogen production facility at Ljósifoss Hydropower Station.
Acceptable first quarter results under challenging external conditions.
At Landsvirkjun‘s board meeting, on April 20, 2020, the board of directors agreed on a new dividend policy for the company.
Landsvirkjun has exercised an issuer call option to redeem a bond on 28 October 2020 of the amount of USD 50,000,000.
Landsvirkjun’s contribution to reigniting the economy.
Jónas Þór Guðmundsson re-elected chairman of the board.
Landsvirkjun and MýSilica join forces to support innovation and development in the Mývatn area.
The offering was very well received, with an order book which was multiple times oversubscribed.
Landsvirkjun will deliver 100% certified renewable energy to the high-performance computing data center.
