Icelandic New Energy

Icelandic New Energy Ltd. ( Íslensk NýOrka ehf ) is an Icelandic power companies.

Icelandic New Energy promotes the use of hydrogen fuel in Iceland. The company was founded following the decision made ​​in 1998 by the Icelandic Parliament, Iceland transform into a hydrogen economy and to achieve total independence from fossil fuels by 2050 in 1999.

Icelandic New Energy was formed by a draft of the research, which was conducted by the University of Iceland and, with 51% to Vistorka, the rest is held by DaimlerChrysler, Norsk Hydro and Shell Hydrogen in equal parts. VistOrka itself belongs to Icelandic New Business Venture Fund ( Nýsköpunarsjóður ), the Ministry of Industry and Trade, the national electricity company Landsvirkjun, Reykjavík Energy ( Orkuveitu Reykjavík ), Hitaveita Suðurnesja, the Technological Institute of Iceland, the Fertilizer Plant ( Áburðarverksmiðjan ) the University of Iceland and the Reykjavik Resources.

Since the establishment of Icelandic New Energy has made a number of hydrogen experimental projects in the country. The company is also involved in the hydrogen fuel counseling, educational seminars and other activities.