Leading in the production of renewable energy for 40 years

HS Orka is a privately owned heat and power production company built on the solid foundation of Hitaveita Suðurnesja, a regional utility established in 1974. Since its inception, the company has been a leader in the production of renewable energy in Iceland and it is the country‘s third-largest electricity producer. The ownership is equally divided between Jarðvarmi, owned by 14 Icelandic pension funds, and an infrastructure investment fund, managed by Ancala Partners based in the UK.

13.900

m3

of area
184

MW

warm water
4,65

MW

installed power

Svartsengi Power Plant

Constructed in six phases from 1974 to 2008

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Reykjanes Power Plant

Commissioned in 2006.

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Brú Power Plant

The power plant has had a positive impact on the community of Bláskógabygg, as it has improved the security of electricity supply in neighbouring areas.

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Fjarðarárvirkjanir

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Our Power Plants

HS Orka owns and operates four power plants, two geothermal power plants in Reykjanes peninsula and two hydroelectric power plants – one in South of Iceland and one in the East. HS Orka plans to build more power plant projects around Iceland and these projects are in different stages of development.

Our Power Plants

Expansion of Svartsengi Power Plant

HS Orka began construction on the expansion and renovation of the power plant in Svartsengi in the middle of 2023. The project is called SVA7, but it consists of renewing older equipment, installing a new machine and increasing the production capacity of the power plant by a third.

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Krýsuvík

Ideas about geothermal utilization in Krýsuvík have a long history, but HS Orka has an exploration license in force in the area and the goal is for exploration drilling to begin in late 2024. The purpose of the research and planned utilization is to meet the rapidly growing demand for hot water and electricity in the capital area.

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Hvalá

The aim of the power plant is also to contribute to the increased security of electricity distribution in the Westfjords.

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HS Orka's projects

We work responsibly on development projects and a constant way to do better in our operations and the use of resources we are entrusted with.

Projects

Our history

HS Orka is Iceland's third largest and only privately owned energy company. The company, which has been producing renewable energy for over 40 years, owns and operates two geothermal plants, one in Svartsengi and the other in Reykjanes.

Our history