Orka náttúrunnar

ON Power was founded on 1 January 2014 as a subsidiary of Reykjavik Energy – which is owned by the city of Reykjavík and the municipalities of Akranes and Borgarnes.

The Elliðaár hydrostation – commissioned in 1921 – was operated by ON (and Reykjavik Energy prior to that) until 2013 when Icelandic laws 104/2001 declared the station, including machinery and pipelines, a historic preservation.

In December 2016, The Icelandic Ministry of Industry and Innovation allocated funding of 57.100.000kr over 3 years to ON in order to set up 14 individual 50kW DC fast charging stations around the country.

As a result, in May 2017 the company opened 3 additional chargers along Route 1 at Staðarskáli, Blönduós and Varmahlíð; completing the route between Reykjavík and Akureyri.ON operates 16 chargers in the following locations: With the geothermal plants situated at Hengill – an active volcanic area – emissions of H2S (hydrogen sulfide) and CO2 (carbon dioxide) are released naturally from the area.

Harnessing the geothermal resources has increased the concentration levels of those emissions with the expansion of the Hellisheiði Plant in recent years.