ON Power produces electricity and hot water in the geothermal power plants at Hellisheiði and Nesjavellir, along with producing electricity with hydroelectric power in the Andakílsá power plant. ON Power is the largest geothermal company in the country and sells electricity to businesses and households across the nation. Production of hot water for sale and distribution is done by ON Power's sister company, Veitur. ON Power is a subsidiary of Reykjavík Energy, which is owned by the City of Reykjavík, Akranes Town, and the municipality of Borgarbyggð.
ON Power not only produces environmentally-friendly energy for homes, businesses, and vehicles, but also places a strong emphasis on research, innovation, and sustainability with the aim of ensuring better quality of life for future generations.
In all their work, ON Power's staff gives special consideration to our environment and resources. The company has set ambitious goals related to environmental and sustainability issues, and efforts toward those goals are made diligently every day, as the company's objective is clear, as well as its ambitious strategic goals.
ON Power is actively working to reduce its own carbon footprint but has also led the way in developing infrastructure and encouraging the public and businesses to reduce carbon emissions through environmentally-friendly transportation, with ON Power's rapidly expanding charging network for electric vehicles playing a significant role.
ON Power's Policy Wheel. The company's objective in the middle, with policy goals and main themes.
In addition to what has already been discussed, ON Power is socially important for its owners and society alike, by producing environmentally-friendly energy sources.
ON Power has operated according to a certified environmental management system since the company's establishment in 2014, has undergone sustainability audits, and has had its climate accounting certified. In addition, ON Power has set an ambitious policy regarding sustainability and resources, which contains the company's commitment to continuous improvement.
ON Power operates according to ISO 14001
ON Power received the highest rating, or "Proven best practice" in GSAP's sustainability assessment of Hellisheiði Power Plant's operations
ON Power is part of Reykjavík Energy's certified carbon accounting
In 2024, ON Power was the winner of the Sustainability Index (Sjálfbærniásinn) in the electricity provider category
ON Power has set ambitious climate goals for itself, and is working hard to reduce greenhouse gas emissions through various means.
ON Power places emphasis on the use of electric drills instead of diesel-powered drills
ON Power's goal is for the geothermal power plants to become nearly carbon-neutral within a few years
It is important for ON Power to handle our resources responsibly and sustainably while creating value.
At ON Power's Geothermal Park, the products of the Hellisheiði power plant are fully utilized
For ON Power, cyclicality is always a priority – one person's waste is another's valuables
ON Power's Innovation Hub at the Geothermal Park offers support for innovation companies during the early stages of development
ON Power places great emphasis on thorough finishing work and land reclamation in the areas where their power plants are located, with the aim of restoring landscapes and vegetation to what they were before construction began.
In March 2024, ON Power received a carbon sequestration certification by afforestation and land reclamation at its power plant sites
ON Power has implemented a protocol for all construction projects on vegetated land to preserve vegetative cover and soil, and to be able to utilize it to restore local vegetation in the construction area
During the summer, young people work with ON Power to plant trees and nurture the environment.
ON Power has developed methods for the restoration of moss mats.
ON Power's environmental projects have been successful, attracted significant attention, and served as a model for other developers
Reduction in emissions from transport is one of the main opportunities for Icelanders regarding climate issues, and, in fact, also regarding matters concerning air quality in urban areas. ON Power has not only reduced its own carbon footprint but is also at the forefront of developing infrastructure and encouraging the public and businesses to reduce carbon emissions through sustainable transport.
In March 2024, ON Power received a carbon sequestration certification by afforestation and land reclamation at its power plant sites. ON Power has implemented a protocol for all construction projects on vegetated land to preserve vegetative cover and soil, and to be able to utilize it to restore local vegetation in the construction area. During the summer, young people work with ON Power to plant trees and nurture the environment. ON Power has developed methods for the restoration of moss mats. ON Power's environmental projects have been successful, attracted significant attention, and served as a model for other developers.
ON Power places great emphasis on periodic talks and collaboration with all stakeholders, institutions, companies, municipalities, and non-profit organizations, both regarding environmental issues and working conditions.
ON Power is a health-promoting workplace, supportive of its staff
Collaboration with the academic and school community