Innovation in the energy sector in Iceland

Þorsteinn Ingi Sigfússon, Professor in Physics, Laureate of the Global Energy Prize and Director of ICI (Innovation Center Iceland) wrote an article on research and Innovation in the energy sector in Iceland and how ICI has been a strong partner in that area. Here you can read a summary from his article.

Iceland is in a unique position in the world due to its variety of renewable energy resources. Large amounts of renewable energy in Iceland is in the form of electricity sold to aluminum factories which therefore leave a relatively low carbon footprint. The demand today is through further innovation in that category.

ICI has for years now been alerted to innovation in the energy utilization sector.  Regarding minimizing carbon footprints, a large chapter was written on analysis leading to the fact that energy spending is extremely high in fisheries.  The carbon footprint reaches 1000 kg for each 1000 kg fish landed. That problem has led to new solutions and licenses in using light instead of nets by trawlers. This solution has resulted in lower use of energy, lower carbon dioxide emissions and less damage to the sea bed. ICI has formed a co-operation around this project with the Marine Research Institute and companies in fish-net production and fisheries.  This co-operation has trusted the foundation of this research even more. Furthermore a company called Optitog Ltd. has been founded around this innovation.

ICI has also been focusing on minimizing multiple kinds of excreta from aluminum industry here in Iceland including ideas and realization on using rest material in mortar, rock wool and related products. The company Gerosion Ltd. run by Sunna Wallevík was founded around this project alongside the SER (Start-Up Energy Reykjavik) project.

Another project that ICI has been working on is how to produce electricity from low temperature-heat that otherwise is lost (waste heat), mainly from power plants.  The source of this waste heat has its physical explanation as a result of the efficiency in producing electricity from geothermal heat.  This is very low and becomes even lower as the heat of the geothermal plant gets higher. In 2015 in the accelerator program Startup Energy, a project around low heat electricity production was developed. The challenge lies mainly in the small size of the power generator which is only 1 Kw but can produce electricity from heat as low as 70 up to 135 °C.

The company XRG Power was founded around this exciting project and is managed by Mjöll Waldorff. Among the owners is VHE in Hafnarfjörður and a Startup Energy group which is led by Landsvirkjun and Arion Bank.

As can be read above various inventions and innovations in the renewable energy sector are in process which is in line with the urgency of minimizing various carbon footprints and other waste.

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