Landsvirkjun

Landsvirkjun, the National Power Company of Iceland, is a state-owned electricity provider responsible for developing, generating, and distributing renewable energy resources in Iceland. It is wholly owned by the Icelandic state and headquartered in Reykjavik. The company's mandate includes planning and operating hydroelectric and geothermal power stations, as well as maintaining the transmission infrastructure that carries electricity to consumers and businesses.

History: Landsvirkjun was established by law in 1965 to consolidate and oversee the country's public power assets and resource development. Since then it has led major renewable energy projects, most notably the Kárahnjúkar Hydropower Project (completed 2007), which supplied power to the aluminum industry and strengthened Iceland's export-oriented energy sector. The company continues to expand capacity and improve efficiency to support domestic supply and industrial activity.

Operations: Landsvirkjun's generation portfolio relies on hydroelectric and geothermal resources. It sells electricity primarily to Icelandic households and businesses, including energy-intensive heavy industry such as aluminum smelting. It also engages in research, development, and planning related to Iceland's renewable energy resources and grid integration.

Governance: Landsvirkjun is a government-owned corporation with a board of directors appointed by the state. It is a major player in Iceland's energy policy and environmental stewardship, aiming to maintain affordable electricity while respecting conservation and community considerations.