Mining for the cryptocurrency Bitcoin is expected to overtake the energy consumption of Icelandic households this year as the abundance of renewable and cheap electricity has Bitcoin miners flocking to Iceland to set up shop.
Icelanders hold no patents for geothermal heat utilization methods in Iceland, and have no such patent applications in progress.
Recent satellite images reveal that a new, one-kilometre wide caldera has emerged in Öræfajökull glacier, South Iceland, following increased geothermal activity in the area.
Travellers are advised to show caution by Jökulsá á fjöllum river in Northeast Iceland due to a high level of conductivity and possible gas.
A task force will explore the possibility of creating geothermal beaches at two locations in Reykjavík.
If geothermal power stations on the seabed become a reality in Iceland, the plan is to sell the power straight to Europe through an undersea cable.
The National Energy Authority has granted North Tech Energy a license to locate and research geothermal energy on the seabed around Iceland. The company’s CEO says it could become one of the biggest energy projects ever embarked upon in Iceland.
The hydrogen sulfide pollution from Hellisheiði geothermal power plant came as a surprise to Reykjavík Energy, which operates the plant.
An investment of ISK 13 billion (USD 119 million, EUR 112 million) will be needed to ensure adequate steam for Hellisheiði Geothermal Plant.
The Suðurnes Police Department is investigating the accident in Reykjanes on Friday, in which a man was killed when gases from a borehole were carried into the water supply of the building where he slept.
Yesterday, the journal Science published an article describing the revolutionary success of an experiment done in Iceland, aiming at safely and permanently storing CO2.
Aron Leví Beck sees an opportunity in run-off water from the swimming pool in Laugardalur and would like to use it to heat up a dream project—a Biodome.