Icelandic New Energy

Icelandic New Energy

Icelandic New Energy Ltd ("Íslensk NýOrka ehf") is a company that promotes the use of hydrogen fuel in Iceland founded in 1999 following a decision in 1998 by the Icelandic Parliament to convert vehicle and fishing fleets to hydrogen produced from renewable energy [ [http://www.state.sd.us/puc/pressreleases/pr2003/1010.htm Powering The Plains] , South Dakota Public Utilities Commission, published 2003, accessed 2007-05-14] by 2050.

Icelandic New Energy was formed as a spin-off from the research carried out by the University of Iceland and is 51% owned by Vistorka, with the remainder owned by DaimlerChrysler, Norsk Hydro and Shell Hydrogen. [ [http://www.ectos.is/en/icelandic%5Fnew%5Fenergy/owners/ Icelandic New Energy: Owners] , accessed 2007-05-14] VistOrka itself is owned by The Icelandic New Business Venture Fund (Nýsköpunarsjóður), the Ministry of Industry and Commerce, the national electricity company Landsvirkjun, Orkuveita Reykjavíkur (Reykjavík Energy), Hitaveita Suðurnesja, the Technological Institute of Iceland, The Fertilizer Plant (Áburðarverksmiðjan), the University of Iceland and Reykjavik Resources. [ [http://www.ectos.is/newenergy/en/icelandic%5Fnew%5Fenergy/owners/vistorka/ Icelandic New Energy: VistOrka] accessed 2007-05-14]

Since its foundation, Icelandic New Energy has managed a number of hydrogen demonstration projects in the country. The company also engages in hydrogen fuel consultancy, educational seminars and other activities.

ee also

*Renewable energy in Iceland
*Hydrogen economy

External links

* [http://www.ectos.is/en/icelandic%5Fnew%5Fenergy/ Icelandic New Energy]

References


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