Magma Energy Corporation from Canada has announced that they will invest in the companies of Geysir Green Energy and HS Orka in Iceland, which are partners with Asbru’s clean energy development. Asbru will gain much from this investment opportunity including better knowledge to further develop green energy research.
Geysir Green Energy which is a geothermal company based in Iceland made an agreement with the Canadian geothermal energy company of Magma Energy Corporation. Magma will take over 10.8% of the geothermal power company HS Orka from the company Geysir. This will help boost HS Orka’s project development.
Magma Energy owns a geothermal power plant located in Nevada in the United States. Magma is also involved with other geothermal operations and projects in both North and South America.
Geysir’s main focus is within Iceland and to optimize geothermal research within Iceland. Geysir, however, also focuses on the geothermal industries within China, the United States, Germany, and the Philippines and strengthens geothermal research in other countries when the opportunity arises. Asbru’s partner company Geysir also created a brand new 9.3 MW geothermal binary power plant in El Salvador, which was the first ever geothermal power plant completely designed and built abroad by an Icelandic company.
Asbru is the new name of the former NATO military base next to Keflavik International Airport. After the NATO evacuation in 2006, the base was re-invented as a community of entrepreneurs, students and businesses. Asbru offers ambitious new aviation and clean energy related academic programs at Keilir – Atlantic Center of Excellence, has the largest university campus in Iceland, a green energy business incubator focusing on clean energy innovation, as well as many other exciting projects such as a health village, a green energy research center and Iceland’s first international data center.
Geothermal energy helps the environment and creates a cleaner form of energy usage. This recent partnership not only creates international interest but creates a better future in regards to the environment and the human energy resource needs. This new Canadian partnership with Asbru’s partner companies definitely creates a new future for energy options.