Land for Lease
The Geothermal Park offers access to both land and resources. Plots for lease range from 2 to 70 hectares. In addition, smaller projects can make use of the facilities in the Innovation Hub.
Access to Green Energy
The geothermal heat used in ON POWER’s core operations is by its nature a renewable resource. In power production, geothermal water is utilized to generate both electricity and hot water; once it has delivered its energy, the water is pumped back into the geothermal reservoir, where it reheats and can be reused again and again.
Responsible Resource Usage
At the Geothermal Park, a diverse range of businesses fully harness ON POWER’s Hellisheiði plant outputs in a responsible and environmentally friendly way, creating value.
The companies in The Geothermal Park benefit from the following resources:
- Land: Plots of various sizes from 2 to 70 hectares.
- Electricity: Renewable power directly from the Hellisheiði plant.
- Geothermal Steam: Steam directly from the Hellisheiði plant.
- Geothermal Water: Access to hot water at 50 °C to 170 °C, suitable for a variety of uses.
- Cold Water: Pristine water at 5 °C to 25 °C; at 5 °C it is unspoiled and ready for consumption.
- District Heating Water: Hot water for space heating.
- Gases and Minerals: By-products such as CO₂, H₂S, and silica.
- By-product & Waste Recycling: Opportunities to recycle organic waste, water, and other materials generated by companies at the Geothermal Park.
- Innovation Hub Facilities: Space and resource access for research and developmental projects.
Available Plots
The Geothermal Park provides a unique environment for companies wishing to build operations on a sustainable foundation. Here is an overview of the available plots in the Park, each located in the immediate vicinity of the Hellisheiði plant, Europe’s largest geothermal power station.
Join the Geothermal Park
We welcome to our community sustainability-focused companies, startups, and innovation projects working in sectors such as power generation and energy utilization, agriculture, algae farming, biotechnology, tourism, eco-friendly material production, and those emphasizing health and well-being.