Three Companies Join in the Development of a Green Energy Park in Reyðarfjörður


Green Energy Park in Reyðarfjörður

Today, letters of intent have been signed to facilitate the energy transition in Iceland, by developing a green energy park in Reyðarfjörður. Landsvirkjun, Copenhagen Infrastructure Partners (CIP) and the municipality of Fjarðabyggð have been working together to develop and assess the feasibility of a green energy park project and have now been joined by Atmonia, Síldarvinnslan, and Laxar.

The objective is to explore how the production of green e-fuel can facilitate energy transition in the Icelandic sectors of fisheries, shipping and haulage. In addition, production of carbon-neutral fertilizer and the use of oxygen (a by-product) for fish-farming on land will be explored. Furthermore, the benefits of utilizing waste heat from thee-fuel production for heating houses in Reyðarfjörður, one of few communities in Iceland that does not enjoy geothermal district heating, will be assessed. The partnership with Atmonia, Síldarvinnslan, and Laxar is an important milestone in the continued development and assessment of a potential green energy park in Reyðarfjörður. Partnership with potential additional participants is also being discussed.

About the Participants

About Landsvirkjun

Landsvirkjun was founded on 1 July 1965. It is the National Power Company of Iceland and operates 18 power plants in Iceland concentrated on five main areas of operation. Landsvirkjun’s vision is a sustainable world, powered by renewable energy. Landsvirkjun’s role is to maximize the value of the renewable energy resources it has been entrusted with, in a sustainable and efficient manner.

About Fjarðabyggð

Fjarðabyggð is the easternmost municipality of Iceland with about 5,000 inhabitants. It was created by the merger of 14 municipalities which took place in several stages between 1988 and 2018. Reyðarfjörður is one of the 14 municipalities of Fjarðabyggð.

About Copenhagen Infrastructure Partners

Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets. CIP manages eight funds, with approximately EUR 16 billion under management from approximately 100 international institutional investors from Europe, Asia, Australia and North America and multi-lateral organizations e.g., EIB.

About Atmonia

Atmonia is an early-stage company, developing a breakthrough electro-catalytic process for generating ammonia from air and water. The Atmonia process does not emit any CO2, but ammonia production is currently one of the major contributors to carbon emissions worldwide. Atmonia is further developing a sustainable process for production of nitrate from ammonia, but nitrate production today is a very high emitter of greenhouse gases.

About Laxar

Laxar is a fish-farming company which produces high-quality salmon for the world’s most demanding customers, both in Europe and in the USA. The company operates a large and technically advanced marine fish farming activity in Reyðarfjördur, East-Iceland. The company strongly emphasizes environmental issues and corporate social responsibility.

About Síldarvinnslan

Síldarvinnslan is one of Iceland‘s largest fishing companies and the largest producer of pelagic fish products in Iceland. Síldarvinnslan is committed to sustainable fishing and the use of technology to minimize the environmental impact of its operations.