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Posts from the ‘Engineering and Technology’ Category

May 30

Energy Security

Iceland’s stable renewable energy sources and secure and reliable electricity supply create competitive advantage and strong incentives for industries to locate in Iceland.

As Iceland is a member state of the European Economic Area (EEA), the energy business environment is based on the EU’s regulatory framework. This means that the arrangements applying to the single European market extends to Iceland.

Therefore EU and EEA firms can invest, for example, in industries and/or energy production in Iceland. Iceland is also participating in EU’s carbon trading scheme and has same kind of legal framework as the EU member states regarding electricity production and distribution.

Because of Iceland’s unharnessed renewable energy sources, it may be feasible to link Iceland and Europe with a green high voltage electricity cable. Recently, the world has been experiencing fast advancement in HVDC-transmission technologies, making this a real and an interesting possibility.

You will find more information about the technology and the business model behind such a connection under the transmission menu. Also, you may be interested in our investment section.

May 30

High-Tech Society

With its successful educational system and one of the world’s highest scores  for entrepreneurship, Iceland is an excellent location for numerous modern industries and services.

In recent years, new enterprises such as biotechnology firms and data centers have found Iceland a profitable and promising place to locate their businesses.  When looking towards the future, Icelandic high-tech society, solid engineering expertise, and natural conditions offer interesting possibilities in advanced green energy development. These advantages  apply to bio-energy, wind power, and marine energy technology, among others.

For more information about life & prosperity in Iceland, you can check out OECD’s Better Life Index and  the Legatum Prosperity Index. You will find more information about Iceland industries in our investment section.

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