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Icelandic New Energy
Icelandic New Energy Ltd (Íslensk NýOrka ehf) is a company that promotes the use of hydrogen fuel in Iceland founded in 1999 following a decision in 1998 by the Icelandic Parliament to convert vehicle and fishing fleets to hydrogen produced from renewable energy by 2050.
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Icelandic New Energy was formed as a spin-off from the research carried out by the University of Iceland and is 51% owned by Vistorka, with the remainder owned by DaimlerChrysler, Norsk Hydro and Shell Hydrogen. VistOrka itself is owned by The Icelandic New Business Venture Fund (Nýsköpunarsjóður) , the Ministry of Industry and Commerce, the national electricity company Landsvirkjun, Reykjavík Energy (Orkuveitu Reykjavíkur) , Hitaveita Suðurnesja , the Technological Institute of Iceland , The Fertilizer Plant (Áburðarverksmiðjan) , the University of Iceland and Reykjavik Resources.
Since it's foundation, Icelandic New Energy has managed a number of hydrogen demonstration projects in the country. The company also engages in hydrogen fuel consultancy, educational seminars and other activities.
|This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Icelandic_New_Energy". A list of authors is available in Wikipedia.|