Icelandic New Energy
|Jón Björn Skúlason, General Manager|
|Services||research of hydrogen fuels|
|Owner||Vistorka, Daimler, Norsk Hydro, Shell Hydrogen|
Icelandic New Energy Ltd (Íslensk NýOrka ehf) is a company that promotes the use of hydrogen fuel in Iceland founded in 1999 following a decision in 1998 by the Icelandic Parliament to convert vehicle and fishing fleets to hydrogen produced from renewable energy by 2050.
Icelandic New Energy was formed as a spin-off from the research carried out by the University of Iceland and is 51% owned by Vistorka, with the remainder owned by Daimler, Norsk Hydro and Shell Hydrogen. VistOrka itself is owned by The Icelandic New Business Venture Fund (Nýsköpunarsjóður), the Ministry of Industry and Commerce, the national electricity company Landsvirkjun, Orkuveita Reykjavíkur (Reykjavík Energy), Hitaveita Suðurnesja, the Technological Institute of Iceland, The Fertilizer Plant (Áburðarverksmiðjan), the University of Iceland and Reykjavik Resources.
Since its foundation, Icelandic New Energy has managed a number of hydrogen demonstration projects in the country. The company also engages in hydrogen fuel consultancy, educational seminars and other activities.