Orkuveita Reykjavíkur

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Orkuveita Reykjavíkur
Reykjavík Energy
Industry energy
Founded 1 January 1999
Headquarters Reykjavík, Iceland
Key people Haraldur Flosi Tryggvason, COB
Bjarni Bjarnason, CEO
Products electricity, geothermal energy, utilities
Owners Reykjavík, Akranes, Borgarbyggð
Website www.or.is

Orkuveita Reykjavíkur (English: Reykjavík Energy) is an Icelandic utility company that provides electricity, geothermal water for heating, and cold water for consumption and fire fighting. It also operates a data-utility network and waste-treatment facilities. The company's service area extends to 20 communities in the south-west part of Iceland. Orkuveita Reykjavíkur is owned by the City of Reykjavík (93.5%) and the Municipalities of Akranes (5.5%) and Borgarbyggð (1%).


Orkuveita Reykjavíkur was established 1 January 1999, by uniting Rafmagnsveita Reykjavíkur and Hitaveita Reykjavíkur. Rafmagnsveita Reykjavíkur was established in the year 1921. Hitaveita Reykjavíkur became an independent company in 1946, having been in operation as a City entity since 1930. In the year 2000 Vatnsveita Reykjavíkur was united with Orkuveita Reykjavíkur, but the former started operation 16 June 1909.

Geothermal plants[edit]

Orkuveita Reykjavíkur owns and operates the Nesjavellir and Hellisheiði geothermal power stations. The plants provide electricity and hot water to industries and households in the Reykjavík capital area. 99% of housing in this area is heated with hot water provided by geothermal sources. Both plants are situated in the Hengill region; an active volcanic ridge.[1]

Board and management[edit]

The Board of Directors at Orkuveita Reykjavíkur is appointed by the Reykjavík and Akranes City Councils. Reykjavík appoints five members and Akranes appoints one. The Borgarbyggð Council appoints a special representative. As of 2010, Haraldur Flosi Tryggvason, is Orkuveita Reykjavíkur's Chairman of the Board. Bjarni Bjarnason is CEO.

See also[edit]


  1. ^ "Reykjavík Energy". Randburg. Retrieved 2008-06-30. 

External links[edit]

Coordinates: 64°07′13″N 21°48′04″W / 64.12028°N 21.80111°W / 64.12028; -21.80111