Orkufyrirtæki

Orkufyrirtæki is an Icelandic term that translates to "energy company." It refers to companies operating within the energy sector in Iceland, involved in the generation, transmission, distribution, and sale of electricity and heat. Due to Iceland's unique geological characteristics, a significant portion of these companies focus on harnessing renewable energy sources, primarily geothermal and hydropower.

The landscape of Icelandic energy companies is dominated by a few major players. Landsvirkjun is the largest, primarily a state-owned company responsible for generating a substantial amount of the country's electricity through its numerous hydroelectric and geothermal power plants. Orkusalan is another key entity, involved in the wholesale trading and distribution of electricity. Local energy companies, often municipal or regionally owned, handle the distribution and sale of electricity and hot water to households and businesses within their respective areas.

These orkufyrirtæki play a crucial role in the Icelandic economy and society, providing the power necessary for industrial activities, heating homes, and maintaining daily life. Their operations are closely linked to national policies regarding energy production, environmental protection, and resource management, with a strong emphasis on sustainable practices due to the abundance of renewable resources. The development and maintenance of the energy infrastructure are ongoing priorities for these companies.