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Icelandic New Energy

Íslensk NýOrka

Headquarters / Secretariat

Borgartúni 37
Reykjavík (105)
flagIceland
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Phone: +354 588 03 10
Fax: +354 588 03 15
Email: maria.maack@newenergy.is
http://www.newenergy.is/newenergy/en/

 

Mission

Icelandic New Energy is the promoter for using hydrogen as a fuel in the transportation sector in Iceland, thereby making it possible to head for an economy which is only run on renewable, local energy sources. The company’s goal is to test an extensive fuel system in context with the local energy production and electric- and waterdistribution systems. Icelandic New Energy's vision is to prepare for a hydrogen conversion  and find out if the benefits in economic, environmental and social terms are more than the economic, environmental and social cost.
 

Categories

  1. Actor:

    Business association

  2. Sector:

    Energy efficiency (general), Hydrogen / Fuel cells, Renewable energy (general)

  3. Activity:

    Iceland

 

Wikipedia data

  1. Abstract:

    dbpedia thumbnail 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 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 Vistorka, with the remainder owned by Daimler, Norsk Hydro and Shell Hydrogen. 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 Technological Institute of Iceland, The Fertilizer Plant (Áburðarverksmiðjan), the University of Iceland and Reykjavik Resources. Together with SEV, and the authorities in the Faroe Islands and Greenland, Icelandic New Energy has established the North Atlantic Hydrogen Association to investigate hydrogen technology. 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.

  2. External Links:

  3. Categories:

    Hydrogen economy, Low-carbon economy, Energy companies of Iceland

 

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