The Icelandic power company Landsvirkjun, Reykjavík University (RU), and the University of Iceland have joined forces to support and encourage the development of expertise within the field of renewable energy. The cooperation will strive to create a source of shared value for Landsvirkjun, the universities and Icelandic society by supporting those disciplines where more education and research are vital.
In total, Landsvirkjun has pledged 80 million ISK to the universities over a five year period, to promote education and research in geochemistry, electric power engineering and other academic disciplines within the universities. The cooperation agreement with the University of Iceland has the main objective of promoting and supporting teaching and research in the disciplines of geochemistry, geology, mechanical and industrial engineering. An emphasis will be placed on developing expertise in the field of renewable energy sources. Landsvirkjun and Reykjavík University will also cooperate in promoting research and university education in the field of renewable energy.
When signing the Agreement Mr. Hörður Arnarson, CEO of Landsvirkjun, stated that in building a dynamic cooperation between Landsvirkjun and the universities will create shared value for the economy and for society, by sharing expertise and supporting innovation and development in renewable energy sources. The University of Iceland has a long established history in building upon its expertise in these fields and the contract is an extension of decades of cooperation between the university and Landsvirkjun in the disciplines of engineering and the natural sciences. In recent years the Reykjavik University has also been actively developing dynamic courses and expertise in technical subjects, including the utilisation and distribution of renewable energy sources. The financial support from Landsvirkjun will substantially strengthen education, research and the development of projects related to renewable energy within the universities, and increase opportunities for expertise and creativity.