ib by kacharagadla

What’s the first thing you think of when you hear “Iceland?” Nordic? Cold climates? Glaciers? Those more familiar with the country might even add green or lush, but what about innovative, renewable or stable? Iceland has a uniquely stable power grid, an abundance of 100 percent renewable power and a booming start-up culture. Altogether, Iceland is the dream location for an energy developer eager to step outside of the box. Unlike many other places around the world, Iceland has more power than it could ever use or need — a defining characteristic for sure. The relatively young power grid was built for the aluminum industry. Aluminum smelters require a nearly 100 percent uptime in order to prevent a complete production shutdown, and as a result, the Iceland power grid is one of the most stable in the world. Add to that the renewable energy sources that power the entire grid, Iceland has a power profile not easily found elsewhere in the world. Founded over 50 years ago, Landsvirkj...