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Iceland expands geothermal exploration to boost energy security and economic growth

By District Energy posted 03-13-2025 12:19

  

Think GeoEnergy

Summary

The Icelandic government is ramping up efforts to expand geothermal energy utilization, particularly in cold regions where communities still rely on electricity or oil for heating. This initiative, announced by Minister of the Environment, Energy, and Climate, Jóhann Páll Jóhannsson in a meeting today, is a key step toward enhancing energy security, reducing costs, and maximizing Iceland’s geothermal potential.

Despite Iceland’s reputation as a global leader in geothermal energy, around 10% of households remain disconnected from geothermal district heating. The new exploration program aims to bridge this gap by identifying and developing new geothermal resources in regions where geothermal has been underutilized. We reported on more recent efforts in the Westfjords of Iceland, but also in the East in Höfn.

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