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In a bold step toward redefining the future of clean energy, Orkuveitan, Iceland’s leading utility company, has announced its next major geothermal milestone — the IDDP-3 superhot drilling project. By: Robert Buluma Presented by Hera Grímsdóttir, Executive Director of Research and Innovation at Orkuveitan, during the Superhot Summit in Reykjavík’s Harpa Conference Center, this initiative marks the dawn of a new era in geothermal energy utilization. The event, organized by Iceland’s Minister of Environment, Energy, and Climate Jóhann Páll Jóhannsson in collaboration with the national energy sector, showcased Iceland’s ambition to fast-track the development of next-generation geothermal systems. A joint declaration of intent was signed between the Ministry and three major energy companies — Landsvirkjun, Orkuveitan, and HS Orka — solidifying their cooperation on the Iceland Deep Drilling Project (IDDP-3). The Next Frontier: Deep Drilling into the Earth’s Core In her keynote, Hera Grímsdó...

Orkuveitan’s Ambitious Geothermal Drilling Project: Paving the Way for a Sustainable Future By :  Robert Buluma In a landmark move toward bolstering Iceland’s energy security and sustainability, Orkuveitan, the Reykjavik-based energy company, has launched a significant tender process for its latest geothermal drilling initiative. This project, which aims to drill 35 new exploratory and water extraction wells by the end of 2028, marks the largest water procurement venture in recent years. With its eyes set on a carbon-neutral future, Orkuveitan is taking a crucial step forward in ensuring the sustainability of the nation’s geothermal resources. The primary goal of this extensive drilling project is twofold: to secure long-term water supply for the nation’s heating needs and to explore new geothermal fields that hold potential for future development. The company’s approach to this project reflects a commitment to environmental stewardship, utilizing electric drilling rigs to minimize...