Reykjavík
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Geothermal

geothermal

In Focus: The Bitcoin Haven

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.

beach

Groundbreaking Seabed Geothermal Research Allowed

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.

Police car

Fatal Borehole Accident Investigated

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.