Ístak contractor in Svartsengi expansion (1)
HS Orka and Ístak have signed a construction agreement in relation to expansion and improvement of the geothermal power plant in Svartsengi.
HS Orka acquires hydroelectric power plants in Northeast Iceland
HS Orka hf. has acquired Íslensk Orkuvirkjun Seyðisfirði ehf., the company that owns and operates Fjarðará Power Plants, two hydroelectric power plants situated in Fjarðará, Seyðisfjörður, Iceland.
Seismic activity on the Reykjanes Peninsula - we are watching closely
In light of the ongoing seismic activity and the possibility of a vulcanic eruption on the Reykjanes Peninsula, HS Orka's emergency management is closely monitoring the situation.
Launch of Iceland’s largest rapid EV charging hub
InstaVolt, in partnership with HS Orka, launched Iceland’s largest rapid electric vehicle charging hub located by Courtyard by Marriott Reykjavik hotel, only five minutes away from Keflavik Airport.
The expansion of Reykjanesvirkjun is officially in operation
The expansion of Reykjanesvirkjun, REY4, has now officially passed from the construction stage to commercial operation.
HS Orka´s sustainability report for 2022
For the second time HS Orka now publishes a sustainability report in accordance with the Global Reporting Initiative Standards (GRI). In the report information is presented with regards to HS Orka’s impact on the environment, society and economy in the past year. Furthermore, HS Orka´s choice of six UN´s Sustainable Development Goals for implementation in its operations are now presented for the first time.
Best ever operating year for HS Orka
The year 2022 was the best operating year in the history of HS Orka hf. Operating revenue amounted to 10.6 billion ISK, increasing by 14.7% from the previous year. The largest part of this is due to the high price of aluminium and price increases in the wake of energy shortages. The financial standing of the company is strong with equity amounting to ISK 28.6 billion, and its equity ratio at 41.5% at the end of the year.
HS Orka´s Community Fund
Next distribution of grants from the fund will be on the 15th of May 2023 and it´s open for applications from the 1st to the 30th of April.
HS Orka commences 22MW expansion at Svartsengi Power Plant
HS Orka has broken ground on the 22 MW expansion of its Svartsengi Power plant. Svartsengi 7 will increase the current production capacity by 22 MWe bringing the total capacity to 85 MWe.
HS Orka and Sæbýli sign a Letter of Intent to farm abalone in the Resource Park
HS Orka and Sæbýli have signed a Letter of Intent to farm abalone in HS Orka‘s Resource Park.
Svartsengi recieves Top Plant award from POWER Magazine
Recently HS Orka won an award for the power plant at Svartsengi.
HS Orka and Hydrogen Ventures sign a term sheet on hydrogen production in HS Orka's Resource Park.
HS Orka and Hydrogen Ventures Limited (H2V) have reached an agreement on energy prices and other terms for a hydrogen production in Iceland, which will be used to produce methanol in HS Orka's Resource Park.
HS Orka Sustainability Report 2021
HS Orka has for the first time issued a sustainability report on the company‘s performance regarding environmental, social and governance issues for 2021. The report is in accordance with the Global Reporting Initiative, GRI standards. The report reflects HS Orka's knowledge of the company's impact for 2021.
Letter of Intent signed to investigate the feasibility of producing synthetic fertiliser domestically
HS Orka, Kaupfélag Skagfirðinga and Fóðurblandan will conduct a feasibility study for a plant, located in Iceland, to produce fertiliser. The parties have signed a Letter of Intent to that effect.
Plans to invest ISK 15 billion in methanol production in Reykjanes
Hydrogen Ventures Limited (H2V), an international energy company, plans to produce a large amount of hydrogen in Iceland, which will be used to make methanol. Although the methanol production will be completely environmentally friendly, HVL's plant will be located in the Reykjanes Resource Park, near one of HS Orka's two power plants.
New onshore fish farming in the Resource Park
The following press release on the matter was sent out from Samherji on Tuesday 15 June.
Kristinn Harðarson new Executive Vice President of Production
Kristinn holds an MBA from the University of Iceland, a master's degree in operations engineering from DTU in Denmark as well as a B.Sc. degree in industrial engineering from Tækniskóli Íslands.
Construction work on the expansion of Reykjanes Power Plant to begin
Construction on the expansion of the Reykjanes Power Plant, which is set to start up in early 2023, will begin soon. The main projects have been put out to tender, and there has been a lot of interest in them. The 30 MW expansion is unique in that it makes use of geothermal water that is already being used at the existing power plant.
Tender for the expansion of Reykjanes Power Plant
Tender documents will be available on HS Orka's tender website on Thursday, October 1st. To gain access to the website, tenderers must send an email to email@example.com
New Chief Legal Officer of HS Orka
Arna Grímsdóttir has been hired as HS Orka's new Chief Legal Officer. Arna has a Cand.jur. from the Faculty of Law at the University of Iceland and earned rights as a district court lawyer. She will start working for the company at the beginning of next year.