Icelandic initiative to enhance energy transition

Under their collaboration, partners goal to increase the use of environmentally friendly fuel, hydrogen and e-fuel in transport and industry.

Namely, the initiave called as “Blámi Project” will support energy and climate change-related projects, empowering entrepreneurs and promoting innovation in the Westfjords.

One of the purposes of the Blámi Project is to attract partnerships and international funding for experimentation, research, and development on energy- and eco-friendly solutions.

Iceland could be among the first countries to fully decarbonize which could greatly increase the competitiveness of our export industries which are based on the sustainable use of marine and terrestrial resources. This could lead to increased innovation and more employment variety.

…as Ríkarður Ríkarðsson, Executive Vice President of Business Development and Innovation at Landsvirkjun, said.

As explained, the project will identify and build on regional strengths, existing infrastructure, local businesses, manpower and resources, to create a fertile ground for innovation and increased value creation.

A project of this magnitude will require the cooperation of many different parties. We look forward to working on energy transition development projects in the Westfjords, where ideal conditions exist for the testing of new technologies such as hydrogen and other energy carriers in production and transport by sea and land.

…Ríkarður Ríkarðsson concluded.

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