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Geothermal Energy Auction,ON Power Seeks Buyers for Sustainable Electricity

Green Energy Auction: ON Power Seeks Buyers for Sustainable Electricity

By Robert Buluma

As the world's focus increasingly turns towards sustainable energy solutions, ON Power, a leading provider of clean electricity, is making waves with its latest initiative. With operations in the Hengill area and Burgarfjordur, ON Power is dedicated to providing sustainable energy solutions for their community needs and beyond.


With the expiration of their current contract imminent, ON Power is actively seeking buyers for 150 MW of clean electricity generated from Geothermal and Hydropower plants. Through a European bidding platform, the company aims to secure buyers for the next 2-4 years. CEO Arni Hrannar emphasizes that transparency and fairness will be at the forefront of this process, ensuring that all stakeholders have equal opportunities to participate.


"This initiative not only benefits the company but also contributes to a more energy-efficient future for all," states CEO Arni Hrannar. By opening up their clean energy resources to potential buyers, ON Power is not only meeting the growing demand for renewable energy but also fostering a more sustainable environment for generations to come.


Geothermal and hydropower are among the most reliable and eco-friendly sources of electricity generation, offering a consistent supply of clean energy without harmful emissions. With operations strategically located in areas rich in geothermal and hydropower potential, ON Power is well-positioned to meet the energy needs of both local communities and larger markets.


The decision to auction off a portion of their clean electricity highlights ON Power's commitment to innovation and sustainability. By leveraging European bidding platforms, the company is tapping into a wider market and attracting buyers who share their vision for a greener future.


Potential buyers interested in securing clean electricity from ON Power can expect not only a reliable energy source but also a partnership dedicated to environmental stewardship. With a track record of delivering high-quality, sustainable energy solutions, ON Power is poised to lead the way towards a more sustainable energy future.

We did an article on how Geothermal power purchase is done

As the global demand for clean energy continues to rise, initiatives like ON Power's auction offer a glimpse into the potential of renewable resources to power our world sustainably. By investing in clean energy solutions today, we can pave the way for a brighter, greener tomorrow for generations to come.

Source: Alphaxioms

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