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Communication and Coordination

Geothermal power is cost effective, reliable, sustainable, and environmentally friendly,[6] but has historically been limited to areas near tectonic plate boundaries. Recent technological advances have dramatically expanded the range and size of viable resources, especially for applications such as home heating, opening a potential for widespread exploitation. Geothermal wells release greenhouse gases trapped deep within the Earth, but these emissions are much lower per energy unit than those of fossil fuels. As a result, geothermal power has the potential to help mitigate global warming if widely deployed in place of fossil fuels.

Iceland Geothermal Cluster initiative aims to increase awareness of this important energy resource by:

  • Increasing the collaboration between different stakeholders
  • Building up common ground between the governance and the outside world
  • Increasing research in the field of geothermal energy and sustainable energy in Iceland, looking into its market conditions, and overall competitiveness of companies and competitors worldwide
  • Building up effective cooperation and collaboration with foreign geothermal and green energy clusters