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News
The National Energy Authority grants a research licence regarding a tidal power plant in Hvammsfjörður Fjord of Breiðafjörður Fjord
The National Energy Authority issued a research licence to the company Sjávarorka ehf. regarding a tidal power plant in Hvammsfjörður Fjord of Breiðafjörður Fjord on 15 January 2010. The research permit is valid for 6 years, and expires on 31 December 2016.
Read morePetroChallenge Iceland competition successfully completed
On January 13 and 14, 43 students from Framhaldsskólinn í Austur-Skaftafellssýslu (FAS) and Framhaldsskólinn í Vestmannaeyjum (FIV) competed in this year's Icelandic national PetroChallenge and learned about the petroleum exploration industry.
Read moreElectricity generation capacity is around 4300 MW for high-temperature fields in Iceland
The National Energy Authority (NEA) has estimated the capacity of high-temperature fields for electricity generation. According to the recent evaluation by NEA, there is a high probability that 4300 MW of electricity can be generated for a period of 50 years in known high-temperature fields in Iceland. This corresponds to approximately 35 TWh per year. For comparison, the 4 TWh of electricity were generated at geothermal plants in 2008.
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