The company’s ownership changed when Geysir Green Energy sold Magma Energy A.B. Sweeden all their shares in the company. Today Magma Energy holds 98.526% of the shares in HS Orku hf.

The foreign ownership and the former split up of Hitaveita Suðurnesja hf raced in the media immoderate and awesome debate in which it was frequently called for an invalidation of the transaction. Signature collection was started on the internet were it was demanded that the geothermal resources should be owned by the public. It’s right to mention the fact that the geothermal resources the company utilizes for its power generation and hot water production are already owned by the public. Then there was also some discussion that the potential capacity of the Reykjanes geothermal reservoir was overrated which was responded by the company’s geologist and others.

Investments of the year were 2.9 billion ISK.

Electricity production of the power plants at Reykjanes and Svartsengi was in total 1,349.4 GWh. Hot water production was in total 11.5 million tons. Total geothermal fluid production in Svartsengi was 6.824 million tons or 3,9% less than the year 2009. Reinjection of geothermal fluid was 5.465 million tons or 16,3% less than the year 2009. At Reykjanes the geothermal fluid production amounted to 18,415 million tons in total or 0.5% less than 2009. Reinjection of geothermal fluid turned out to be 2.194 million tons or 234% more than the previous year.

New 50 MW turbine generator assembly along with condenser for intended expansion on Reykjanesvirkjun arrived to the country in the beginning of summer. Harnessing permission for the extension had not yet been given and the company´s representatives attended numerous meeting with the representatives of Orkustofnun (National Energy Authority) regarding the matter.

23´rd of February the Íslenska Ánægjuvogin ( Icelandic customer satisfaction awards) was granted to the company. This is the eight year in a row that the company is granted this eligible award. The electricity customer satisfaction is assessed in a customer opinion poll undertaken by Samtök Iðnaðarins, Stjórnvísi and Capacent Gallup.

On 8th of April a contract was signed with the data centre Thor Data Centre regarding energy purchase. The data centre is located in Hafnarfjörður.

On 17th of May a contract was made with Grindarvíkurbær regarding sale of land and geothermal resources at Svartsengi. A land and geothermal lease contract valid for 65 years complying with the energy act was signed. By this Grindavíkurbær entered into/took over a contract that had earlier been made with Reykjanesbær.

On 23rd of June new parking lot, trails and view platform at the Gunnuhver´s fumaroles area at Reykjanes was inaugurated, replacing the old badly damaged facilities having been abandoned for two years due to forceful activity of the geysers. The company supported the project financially and is to monitor the activities of the fumaroles.
In July, for the first time in Iceland an experiment was made to enhance/stimulate the fluid production of well # 29 at Reykjanes by deflagration. Deflagration means that a kind of a torpedo is lowered into the well and located against potential openings of the rock formation and fired there. By precisely controlling the burning rate of the propellant the amount of gas created with time pushes a gas-fluid mixture into the rock formation and opens it up.
On 4th of August the turbine unit # 12 at Svartsengi tripped because of ungovernable reasons. This incidence caused a disrupted flow into the reinjection well #24 resulting in a noisy blow out of the well and the well head assembly expanded upwards by around one metre. The well was killed with cold groundwater and the flow reversed. Neither material damages nor personal accidents were encountered.
In total approximately 5,800 persons visited the geothermal sites of the company, received enlightenment about power generation, hot water production and ground water reservoir harnessing. The visitors were also educated about the basics of the harnessing of the geothermal reservoirs at the Reykjanes peninsula.
Employees at the end of the year were 133 working in 131 positions. Majority of these employees work for HS Veitur hf, the franchised distribution company.