Reykjavík Geothermal

Business

Reykjavik Geothermal employs a differentiated strategy that combines and maximizes the most important success factors in geothermal development:

Best Team

  • Unparalleled Industry Experience
  • 125+ years of geothermal development experience
  • 35+ years of multinational C-level management experience

Extensive Technical Expertise

  • Led development of 600MW of current operational geothermal capacity, in all aspects of projects, from inception of discussions to completion and operation of plants
  • Involved in an additional 2,000 MW of development in consulting or project initiation

Vast International Reach

  • Worked on geothermal projects in 30+ countries worldwide, including much of the developing worl
  • Experience gained from a wide range of well-regarded global clean energy and geothermal organizations

Best Resources

  • The best resources are located where tectonic plates meet such as the Pacific “Ring of Fire” and East African Rift
  • Resource quality is the main factor in reducing exploration risk
  • High resource quality can dramatically improve MW yield per well

Best Markets

  • Most of the highest quality resources available are in Emerging Markets
  • Some potential areas have only harnessed 1% of available geothermal potential
  • Geothermal is particularly compelling energy source in these markets as it is baseload power and cost-competitive with renewable energy sources and cost-advantaged in many of these markets that rely on expensive forms of traditional energy, such as diesel “on the margin”