What percentage of Iceland's energy is renewable?

About 85% of the total primary energy supply in Iceland is derived from domestically produced renewable energy sources. This is the highest share of renewable energy in any national total energy budget.

Who owns a hydropower plant in Iceland?

Most of the hydropower plants are owned by Landsvirkjun (the National Power Company) which is the main supplier of electricity in Iceland. Iceland is the world's largest green energy producer per capita and largest electricity producer per capita, with approximately 55,000 kWh per person per year.

How much electricity does Iceland use?

Similarly, in 2015, Iceland’s electricity consumption was 18,798 GWh whose 100 percent production was made by using renewable sources. 73 percent came from hydropower while 27 percent came from geothermal power. Nevertheless, Glaciers cover 11 percent of Iceland.

Why is power-to-gas important in Iceland?

In a system that relies entirely on renewable energy, power-to-gas makes an important contribution to seasonal storage. In Iceland, the conditions for power-to-gas are particularly favourable. The first power-to-gas plant in Iceland is to be built on the site of the Hellisheidi geothermal power plant.

What percentage of Iceland's houses are heated with geothermal energy?

About 85% of all houses in Iceland are heated with geothermal energy. In 2015, the total electricity consumption in Iceland was 18,798 GWh. Renewable energy provided almost 100% of electricity production, with about 73% coming from hydropower and 27% from geothermal power.

Why is Iceland a good place to start a business?

Leverage your natural renewable resources: As an island nation rich with hot springs, and a volcanic one as well, Iceland’s geography lends itself to an abundance of clean, renewable hydropower and geothermal power, which its government and intrepid entrepreneurs have leveraged.