ENERGY TRANSITION
Power station of the future Hellisheiði is the largest geothermal power plant in Europe and its presence is easy to identify from the steam that rises and hangs overhead.
It is in a geographical location that is ancient, but where the innovation and vision are futuristic.
Árni Hrannar Haraldsson, CEO of ON Power, explains the vision, saying:“ Our vision for ON Power‘ s Geothermal Park is to create a unique platform where clean geothermal energy and its derivatives are transformed into new opportunities, for the environment, for innovation and for society.
“ The Geothermal Park is not just a pilot; it’ s a power station of the future, built on sustainability and ingenuity.” Alongside ON Power, the park features:
• Carbfix – which takes waste CO 2
, buries it underground and turns it into stone within two years
• Climeworks – a Zurich-based direct air capture company
• VAXA Technologies – a biotech research business that converts clean energy into food, in the shape of sustainable microalgae.
166 September 2025