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Geothermal Park
The Geothermal Park is a platform for companies who are interested in using clean renewable resources for their vision. The Park has a wide range of operations which aim to utilize geothermal resources with the mindset of waste-to-value, benefiting the environment and creating value. Innovation is the key towards creating a brighter and cleaner future and ON Power is eager to participate and see what new possibilities are out there. Join us and be a part of the change.
The Geothermal Park has access to different resource streams available from the Hellisheiði Power Plant, including electricity, hot, cold and geothermal water, and carbon dioxide.
The Area
The area of the Geothermal park is 103 hectares, located in close proximity to the Geothermal Power plant. The lots are in sizes ranging from 0.1 to 16.5 ha organized to suit the needs of different types of companies.
The area is part of a beautiful, unoccupied land and is close to natural hiking paths. ON Power is ambitious to keep the area well maintained and attractive and to treat nature with the utmost respect as the Geothermal park takes shape.
As a part of the Geothermal park, ON Power has arranged facilities where scientists, entrepreneurs and businesses can connect to and do trials with the local resources. This is an ideal first-step opportunity, minimizing risk for those interested in setting up facilities in the area.
A local amendment for the area has been approved and the lots are ready for construction.
Iceland is well connected to America and Europe
Iceland is a part of the European Economic Area and is located between Europe and North-America. The environment is business friendly and the population is highly educated.
The Geothermal park is located 30 kilometers from Reykjavík, the capital of Iceland, next to the Hellisheidi geothermal power station. The area of the Geothermal park is 130 hectares and the plots are organized to suit the needs of different types of companies. Close by is the growing municipality of Ölfus, boasting a good harbour. More daily direct connections to North American destinations than all the other Nordic capital airports combined – Daily connection to N-American destinations eða Direct connections/flights to 28 N-American destinations.
Join these exciting businesses already operating at ON’s Geothermal Park:
Climeworks - Let's reverse climate change!
Climeworks direct air capture technology is inspiring 1 billion people to remove CO₂ directly from the air with the world’s first commercial carbon removal technology.
Carbfix- We turn CO2 into stone
Carbfix provides a natural and permanent storage solution by turning CO2 into stone underground in less than two years.
VAXA - Impact Nutrition for Fish & People
VAXA Technologies is building a new kind of Omega-3 cultivation production facility, converting clean energy into food, producing the most sustainable crop in the world – microalgae rich in Omega-3 and protein.
GeoSilica - 100% Natural Silica Mineral Supplement
GeoSilica develops food supplements and by using advanced technology and the minerals found in Iceland’s volcanic earth, GeoSilica’s products are always 100% natural and the perfect blend of technological advancement, environmental protection and social benefits.
Veitur Utilities
Veitur Utilities is the biggest utility company in Iceland and provides an important service for the public benefit and ensures that users have continued access to hot water supplies, electricity, water and wastewater systems.