Icelandic New Energy

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Icelandic New Energy
Íslensk NýOrka
Typeprivate
Industryenergy
Founded1999
Headquarters
Reykjavík
,
Iceland
Key people
Jón Björn Skúlason, General Manager
Servicesresearch of hydrogen fuels
Owner, Daimler, Norsk Hydro, Shell Hydrogen
Websitewww.newenergy.is

Icelandic New Energy Ltd (Íslensk NýOrka ehf) is a company that promotes the use of hydrogen fuel in Iceland founded in 1999 following a decision in 1998 by the Icelandic Parliament to convert vehicle and fishing fleets to hydrogen produced from renewable energy[1] by 2050.

Icelandic New Energy was formed as a spin-off from the research carried out by the University of Iceland and is 51% owned by , with the remainder owned by Daimler, Norsk Hydro and Shell Hydrogen.[2] VistOrka itself is owned by The Icelandic New Business Venture Fund (Nýsköpunarsjóður), the Ministry of Industry and Commerce, the national electricity company Landsvirkjun, Orkuveita Reykjavíkur (Reykjavík Energy), Hitaveita Suðurnesja, the , The Fertilizer Plant (Áburðarverksmiðjan), the University of Iceland and Reykjavik Resources.[3]

Together with SEV, and the authorities in the Faroe Islands and Greenland, Icelandic New Energy has established the to investigate hydrogen technology.[4]

Since its foundation, Icelandic New Energy has managed a number of hydrogen demonstration projects in the country. The company also engages in hydrogen fuel consultancy, educational seminars and other activities.

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References[]

  1. ^ Powering The Plains, South Dakota Public Utilities Commission, published 2003, accessed 2007-05-14
  2. ^ Icelandic New Energy: Owners, accessed 2007-05-14
  3. ^ Icelandic New Energy: VistOrka accessed 2015-05-03
  4. ^ "SEV's History". SEV. Archived from the original on 2012-02-10. Retrieved 2008-02-13.
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