About OR

Reykjavik Energy is a public utility company providing; electricity, geothermal water for heating, cold water for consumption and firefighting, sewage services and fibre-optic data connections. The service area extends to 20 municipalities, covering 67% of the Icelandic population. Reykjavík Energy‘s principal owner is the City of Reykjavík, and it provides its services through three subsidiaries; Veitur Utilities, ON Power and Reykjavík Fibre Network

The group harnesses hot water from geothermal fields in Reykjavík and operates geothermal plants at Hellisheiði and Nesjavellir where electricity and hot water is generated. Potable water is distributed from groundwater reservoirs and the group‘s waste-water services meet wide environmental requirements.

PDF iconOR Group Organizational Chart

Environment and safety

OR‘s subsidiaries harness energy in harmony with nature. All of our operations make use of independent accreditation in environmental affairs, quality standards and safety standards. Our annual environmental report  documents greenhouse gas emissions from our plants.  We make every effort to make our areas of operations accessible to the public, such as the Hengill high-temperature field.

OR's Annual Environmental Reports




Orkuveita Reykjavíkur emphasises transparency in its operations. Financial issues are pivotal in that respect.


None of OR‘s projects are so important that they justify risking employees lifes or health doing their job. OR Group puts the safety of its customers and employees above all by being responsible in the field, restricting access to construcion areas and being visible.

OR‘s goal is simple:To create a hazardless workplace with no accidents, provide constant education to employees and be professional at all times.  



OR is the parent company of three subsidiaries, through which it provides services.


CarbFix is a collaborative research project led by Reykjavik Energy, that aims at developing safe, simple and economical methods and technology for permanent CO2 mineral storage in basalts. It was founded in 2007 by Reykjavík Energy, CNRS, the University of Iceland, and Columbia University.

In 2011-2014, the CarbFix project received funding through the 7th framework European Commission (EC coordinated action 283148). The partners involved in the project were; The University of Iceland, CNRS in Toulouse, France, Amphos21 in Barcelona, Spain, Nano Science center of Copenhagen University, Denmark, and the project leader Reykjavik Energy, Iceland. The first pilot injections took place during the project, and it was demonstrated that the solubility trapping of CO2 occurs immediately, and the injected carbon is trapped in minerals within a few years using the CarbFix injection method in basalt hosted storage reservoirs.

The CarbFix2 project aims on moving the demonstrated CarbFix technology from the demonstration phase to a general and economically viable complete CCS chain that can be used through Europe and throughout the world. CarbFix2 has received funding from the European Union’s Horizon 2020 research and innovation programme  (Project ID 764760). Five partners are involved with the project; The University of Iceland, CNRS in Toulouse, France, Amphos 21 in Barcelona, Spain, Climeworks in Zürich, Switzerland, and the project leader Reykjavik Energy, Iceland.

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