Geothermal energy is a low-polluting, autonomous energy resource with no fuel cost, which provides base-load power. Electricity has been generated from geothermal for a century and newer plants run at +90% capacity, making geothermal power production proven and reliable.
Geothermal energy utilization comes with numerous benefits to the environment and economy. It is vastly underutilized and has enormous potential for growth. The limitations to geothermal development have been both economical and technical, but rising energy prices and technological advancements in drilling and resource utilization are making continued development a certainty.
The utilization of geothermal energy in Iceland for over a century and experience within Geysir and its operating subsidiaries serves as the platform for Geysir's competitive advantage within the geothermal sector.