The data center industry is one of the industries showing growing interest in Iceland. The world is becoming increasingly technology minded and the data center industry seems to be growing exponentially. Landsvirkjun has focused on supporting industry growth within the sector. Last year, Landsvirkjun continued its marketing initiative on expanding its client base within this industry.
New industry in Iceland
Iceland offers a number of advantages when it comes to the operation of data centers. These advantages include renewable energy, security of supply and a cold climate which significantly reduces the cost of cooling.
Guarantees of origin and green certificates
In 2014, Landsvirkjun focused on ensuring access for Icelandic guarantees of origin to the international market. Market prices for Guarantees of origin from the Nordic region continued to fall fairly evenly throughout the year despite the increased demand. This can be attributed to increased competition in availability from new countries entering the market this year. We have reacted to this shift in the market by developing new products that emphasise the quality of Landsvirkjun’s energy generation which generally comes at a higher price.
Landsvirkjun took an active part in the international development of the GHG Protocol. The GHG Protocol is an international accounting tool for businesses operating within the international market to report their GHG emissions, which mostly originate from purchased energy.