Year in a Nutshell

The year 2019 was an eventful and educational year in the diverse operations of Reykjavik Energy and its subsidiaries. Here are some key events and links to news in Icelandic.

The year 2019 was an eventful and educational year in the diverse operations of Reykjavik Energy and its subsidiaries. Here are some key events and links to news in Icelandic.

29. January 2019

A cold spell tries the heating utility

Veitur Utilities mobilise according to contingency plans because of extended freezing temperatures. Delivery of hot water reaches amounts not seen before, an average of 16,000 metric tons per hour for a 24 hour period. Contingency operations are maintained until February 2nd.

5. February 2019

OR issues green bonds

Reykjavik Energy issues its first green bonds to finance a variety of green projects planned by OR and subsidiaries Veitur Utilities and ON Power. The issuance, having received the labelling of "Dark Green" are later registered on the Nasdaq Iceland Sustainable Bond market.

19. February 2019

Berglind Rán Ólafsdóttir hired as ON Power's CEO

ON Power's Board of Directors appoints Ms. Berglind Rán Ólafsdóttir as the company's CEO following a public recruitment process. Berglind has been employed at ON since 2017.

5. March 2019

Reykjavík Fibre Network publishes claims against Síminn

OR's subsidiary, Reykjavík Fibre Network, makes claims against the communications incumbent Síminn for the amount of ISK 1.3 billion because of Síminn's breach of Iceland's media law.

4. April 2019

Push for EV infrastructure

At Reykjavik Energy's open annual meeting, the Mayor of Reykjavík signs an agreement with the CEOs of Reykjavík Energy and Veitur Utilities for a combined effort to improve infrastructure in the city for EV owners. Corresponding agreements with the municipalities of Akranes and Gardabaer are made later in 2019.

15. May 2019

ON supplies a new multi energy station

The President of Iceland officially opens the latest multi-energy station in Iceland where ON Power provides fast-charging for electric vehicles and hydrogen for hydrogen cars.

23. May 2019

Women most influential at the OR-Group

Women in Energy, an association of women working at energy and utility companies in Iceland, publish a report on influence of women within the respective companies. It turns out this is most at within the Reykjavík Energy-Group.

24. May 2019

30 thousand parrs released into Andakílsá River

30 thousand parrs are released into two ponds by Andakílsá River as a part of mitigating actions for the accidental release of sediment from ON Power's reservoir into the river in 2017.

29. May 2019

Winners of a design competition announced

A proposal named "The energy of the river bakes the cake" wins an OR-held competition for the concept of a planned history and technology centre in OR's buildings in the Elliðaárdalur Valley. The competition was held in cooperation with Iceland Design Centre.

18. June 2019

MoU on the utilization of CarbFix for Icelandic heavy industries

On the initiative of the Icelandic government, a declaration of intent on capture and sequestration of carbon emissions from heavy industries in Iceland using the CarbFix-method is signed by three ministers and representatives of Reykjavík Energy and the heavy industries in Iceland.

3. July 2019

Iceland ideal for EVs - a groundbreaking research published

A research by ON Power on the carbon footprint of EVs in Iceland is published. Total life-time footprint of an EV driven 220,000 km. in Iceland is but one-fifth of the footprint of a corresponding vehicle powered by fossil fuels.

4. July 2019

OR's green bonds listed

Reykjavík Energy becomes the first Icelandic company to have its green bonds listed on the Sustainable Bonds market.

23. July 2019

Gestur hired as Veitur's CEO

Veitur Utilities' Board of Directors appoints Gestur Petursson as the company's CEO following a public advertisement for applications. Gestur was previously employed as CEO of arrives at Veitur from the position of CEO at Elkem Iceland.

7. August 2019

"The Snails" and ON Power ride the ring

On the occasion of The Icelandic Republic's Motorcycle Association - The Snails' - 35th anniversary, it combines with ON Power to ride the ring-road of Iceland on electric motorbikes.

16. August 2019

Veitur Utilities recalculates water tariffs

Following a decision by the ministry for municipal affairs, Veitur Utilities recalculate water tariffs for the year 2016. The amended tariffs extend to three of the municipalities Veitur serves.

19. August 2019

Sweden's PM visits Hellisheiði Geothermal Power Plant

Stefan Löfven, Sweden's prime minister, visits ON Power's Hellisheiði Geothermal Power Plant to get insight into geothermal utilization in Iceland. Iceland's PM, Katrín Jakobsdóttir, receives her Swedish counterpart along with Reykjavík Energy's Chairwoman, Brynhildur Davíðsdóttir, and CEO, Bjarni Bjarnason.

20. August 2019

Merkel looks into CarbFix

Reykjavík Energy's Chairwoman, Brynhildur Davíðsdóttir, and CEO Bjarni Bjarnason receive Germany's Chancellor Angela Merkel at ON Power's Hellisheiði Geothermal Power Plant. There, talks take place with the leader on geothermal utilization and carbon mineralization at the facilities.

30. August 2019

The first homes in Árborg Municipality get fibre connections

The first homes in Árborg Municipality get fibre connections from Reykjavík Fibre Network in accordance with an agreement of intent signed in 2018.

18. September 2019

Minister for the environment opens Matarsporið

Guðmundur Ingi Guðbrandsson, Iceland's minister for the environment, opens a new web, matarsporið at Reykjavík Energy headquarters. Matarsporið, developed by Efla Consultants in collaboration with OR, is a carbon-footprint calculator for canteens and restaurants.

25. September 2019

Algaennovation Iceland opens its plant in ON Power's Geothermal Park

Algaennovation Iceland formally opens its algae plant in ON Power's Geothermal Park by the Hellisheiði Power Plant with Iceland's minster for finance, Bjarni Benediktsson, in attendance. The plant utilizes various streams associated with the geothermal power production.

3. October 2019

Bacteria found in the Grábrók water supply

Suspicious water-samples are found deriving from the Grábrók water supply in West-Iceland. Consequently, E.coli bacteria is detected and customers are advised to boil all water for consumption. The supply serves the communities of Borgarnes, Bifröst, and Varmaland besides several summer houses in the area. These recommendations are in place until October 16th.

31. October 2019

Reykjavík Fibre Network collects cases of illegal disconnections

Reykjavík Fibre Network issues a pledge to customers that have experiences instances of illegal disconnection of their fibre thread by a competitor.

2. November 2019

Carbon footprint calculator for the the general public

Reykjavík Energy and Efla Consultants issue a web-site allowing the general public to calculate their respective carbon footprint. The web also includes various recommendations of how to reduce it.

19. November 2019

Increased intensity of energy-shift

ON Power reveals that the company has been awarded public grants spurting the company's plans to install 40 new charging points for EVs, among them 17 super-chargers of 150 MW.

20. November 2019

Carbon neutral Reykjavík Energy by 2030

Reykjavík Energy's Board of Directors updates its climate goals decides that the group shall be carbon neutral by year 2030. Orkuveita Reykjavíkur einsetur sér að verða kolefnishlutlaus árið 2030. Þetta er metnaðarfyllra markmið en fyrirtækið hafði áður sett sér. Aukin förgun og hagnýting koltvíoxíðs frá jarðgufuvirkjunum Orku náttúrunnar mun vega þyngst í markmiðið náist.

21. November 2019

Increased mineralization of CO2

ON Power announces the company will multiply the amount of CO2 mineralized in the Hengill geothermal area. There, ON Power operates two geothermal power plants and the greenhouse gas comes along with the geothermal fluid extracted from the area. Instead of emitting it, the CarbFix method has been employed to mineralize the CO2 on-site. These efforts are now to be enhanced and ON Power carbon-neutralized by 2030.

5. December 2019

Increased UV-lighting of water from Heiðmörk

Veitur Utilities install UV lamps at Heiðmörk water reserves to improve the security of healthy water supply from the area. The shallowest boreholes there are most prone to infection of bacteria which are disabled by the UV light.

11. December 2019

Enormous data flow during a storm

During a forceful storm in Iceland, Reykjavík Fibre Network see a record of data-flow through its fibres. As people seem to keep indoors, fetching information and leisure on the internet, the stream of data through the system increases by 25% and has never been heavier.

12. December 2019

Veitur Utilities sends reinforcements to colleagues

As gale-force winds and icing severely disrupt electric grids in northern Iceland, Veitur Utilities send specialized staff to the aid of the power companies operating there. Veitur's own grid is unaffected by the storm but its linemen and -women are working in the north for a week.

12. December 2019

Roll-out of fibre to homes in the urban capital area completed

Reykjavík Fibre Network's cables now reach every home in the urban part of all the municipalities of the Capital Area; Reykjavík, Kópavogur, Hafnarfjörður, Seltjarnarnes, Garðabær, Hafnarfjörður, and Mosfellsbær. The mayors of the municipalities celebrate this important milestone.

17. December 2019

OR tenders for the rebuilding of its headquarters

Reykjavík Energy's Board of Directors resolves to tender for the reconstruction of the company's headquarters at Bæjarháls in Reykjavík. The office building was found to be partially damaged by moisture.

21. December 2019

An extensive hot-water outage in Reykjavík

A hot-water main in Reykjavík brakes and most of the western part of the city is without heating. Reparations go smoothly and the outage lasts for 10 hours.

27. December 2019

A new subsidiary established around CarbFix

A Reykjavík Energy Owners' meeting ratifies the BoD's decision to establish a special fully-owned subsidiary to enhance the penetration of the CarbFix-method for mineralization of CO2. Dr. Edda Sif Pind Aradóttir, who has been project manager for CarbFix, is the CEO of the newly established public limited company.