Geothermal initiative could yield ISK 8 billion in benefits
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The Ministry of the Environment, Energy, and Climate plans to invest up to ISK 1 billion in subsidies from 2025 to 2028 to support geothermal energy exploration and utilization in areas where electricity and oil are currently used for heating. If successful,Geothermal initiative could yield ISK 8 billion in benefits
The Ministry of the Environment, Energy, and Climate plans to invest up to ISK 1 billion in subsidies from 2025 to 2028 to support geothermal energy exploration and utilization in areas where electricity and oil are currently used for heating. If successful, the initiative is expected to reduce household heating costs and generate up to ISK 8 billion in financial benefits for the treasury. Read more