The Area

The area of the Geothermal park is 103 hectares, located in close proximity to the Geothermal Power plant. The lots are in sizes ranging from 0.1 to 16.5 ha organized to suit the needs of different types of companies.

The area is part of a beautiful, unoccupied land and is close to natural hiking paths. ON Power is ambitious to keep the area well maintained and attractive and to treat nature with the utmost respect as the Geothermal park takes shape.

As a part of the Geothermal park, ON Power has arranged facilities where scientists, entrepreneurs and businesses can connect to and do trials with the local resources. This is an ideal first-step opportunity, minimizing risk for those interested in setting up facilities in the area.

A local amendment for the area has been approved and the lots are ready for construction.

Iceland is well connected to America and Europe

Iceland is a part of the European Economic Area and is located between Europe and North-America. The environment is business friendly and the population is highly educated.

The Geothermal park is located 30 kilometers from Reykjavík, the capital of Iceland, next to the Hellisheidi geothermal power station. The area of the Geothermal park is 130 hectares and the plots are organized to suit the needs of different types of companies. Close by is the growing municipality of Ölfus, boasting a good harbour. More daily direct connections to North American destinations than all the other Nordic capital airports combined – Daily connection to N-American destinations eða Direct connections/flights to 28 N-American destinations.

Join these exciting businesses already operating at ON’s Geothermal Park:

Climeworks - Let's reverse climate change!

Climeworks direct air capture technology is inspiring 1 billion people to remove CO₂ directly from the air with the world’s first commercial carbon removal technology.

Climeworks - We turn CO2 into stone

Carbfix provides a natural and permanent storage solution by turning CO2 into stone underground in less than two years.

VAXA - Impact Nutrition for Fish & People

VAXA Technologies is building a new kind of Omega-3 cultivation production facility, converting clean energy into food, producing the most sustainable crop in the world – microalgae rich in Omega-3 and protein.

GeoSilica - 100% Natural Silica Mineral Supplement

GeoSilica develops food supplements and by using advanced technology and the minerals found in Iceland’s volcanic earth, GeoSilica’s products are always 100% natural and the perfect blend of technological advancement, environmental protection and social benefits.

Stefán Fannar Stefánsson

Sölu- og Viðskiptastjóri