Iceland matrix power solutions

What is the energy supply in Iceland?

In terms of total energy supply, 85% of the total primary energy supply in Iceland is derived from domestically produced renewable energy sources. Geothermal energy provided about 65% of primary energy in 2016, the share of hydropower was 20%, and the share of fossil fuels (mainly oil products for the transport sector) was 15%.

How does electricity work in Iceland?

Much of electricity in Iceland is generated by hydroelectric power stations. Írafossstöð was built in 1953 and is one of Iceland's oldest hydroelectric plants still operating, located just south of Þingvallavatn. The electricity sector in Iceland is 99.98% reliant on renewable energy: hydro power, geothermal energy and wind energy.

Who owns the energy system in Iceland?

On the supply side of the energy system are Landsnet, a transmission system operator of the Icelandic power grid, and HS Okra, a geothermal energy utilization company that produces and supplies district heating and electricity to end users.

Who is the most influential stakeholder in Iceland's energy system?

It is worth noting that while the Fuel Importers group is found to be a low-influence stakeholder and classified as Crowd, the Energy Producers group and Distribution and Transmission group are considered highly influential when it comes to decision-making within the Icelandic energy system.

Does Iceland produce hydroelectric energy?

Iceland is the first country in the world to create an economy generated through industries fueled by renewable energy, and there is still a large amount of untapped hydroelectric energy in Iceland. In 2002 it was estimated that Iceland only generated 17% of the total harnessable hydroelectric energy in the country.

What is a stakeholder power-interest matrix?

For the stakeholder mapping part of SA, this study uses the stakeholder power-interest matrix proposed by Eden and Ackermann (1998) to classify relevant stakeholders based on their power and interest ranking.