Icelandic New Energy Ltd (Íslensk NýOrka ehf) is a company founded in 1999 following a decision in 1998 by the Icelandic Parliament to convert vehicles and fishing fleets to hydrogen produced from renewable energy[1] by 2050.

[2] VistOrka was owned by The Icelandic New Business Venture Fund (Nýsköpunarsjóður), the Ministry of Industry and Commerce, the national power company Landsvirkjun, Orkuveita Reykjavíkur (Reykjavík Energy), Hitaveita Suðurnesja, the Technological Institute of Iceland, The Fertilizer Plant (Áburðarverksmiðjan), the University of Iceland and Reykjavik Resources.

[3] As of 2024, shareholders include Landsvirkjun, Reykjavík Energy, HS Orka, and the Government of Iceland.

Since its foundation, Icelandic New Energy has managed numerous local, Nordic and EU demonstration projects.

INE also engages in energy transition consultancy, educational seminars, and other activities.