Icelandic New Energy

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Icelandic New Energy
Íslensk NýOrka
Industry energy
Founded 1999
Headquarters Reykjavík, Iceland
Key people
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[1] 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.[2] 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.[3]

Together with SEV, and the authorities in the Faroe Islands and Greenland, Icelandic New Energy has established the North Atlantic Hydrogen Association to investigate hydrogen technology.[4]

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.

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  1. ^ Powering The Plains, South Dakota Public Utilities Commission, published 2003, accessed 2007-05-14
  2. ^ Icelandic New Energy: Owners, accessed 2007-05-14
  3. ^ Icelandic New Energy: VistOrka accessed 2015-05-03
  4. ^ "SEV's History". SEV. Archived from the original on 2012-02-10. Retrieved 2008-02-13.