Year in a Nutshell

2018 was an eventful and educational year in the diverse operations of Reykjavik Energy and its subsidiaries. Here are some key events.

2018 was an eventful and educational year in the diverse operations of Reykjavik Energy and its subsidiaries. Here are some key events.

12. January 2018

Fire breaks out in the Hellisheidi Geothermal Power Plant

Situation better than it initially seemed when a fire broke out on the roof of the Hellisheidi Geothermal Power Plant. A gas leak turned out to be the likely cause. Nobody was hurt but the powerhouse suffered some damage. It had little effect on energy production.

15. January 2018

Soil bacteria in cold water

Soil bacteria was detected in potable water from Heidmörk. There was no danger but vulnerable groups were advised to boil the water. The situation was short-lived but a variety of remedies were applied.

7. February 2018

“Magma bond“ paid in full

The payers of the bond which RE issued in connection with the sale of the company’s shares in HS Orka in 2009 paid off the bond. The payment amounted to ISK 4 billion and reduces the financial risk of Reykjavik Energy.

9. February 2018

Small quantity of microplastics in potable water

Research conducted by Veitur Utilities detected a very small amount of microplastics in the water, but they were nevertheless detected. This is the first research of this kind conducted in Iceland and it has fuelled the debate on the problem and development of methods to evaluate it.

19. February 2018

Closure of Veitur Utilities´ service desk in Akranes

Veitur Utilities closes the customer service desk in Akranes after moisture damage was discovered in the building in Dalbraut.

7. March 2018

Reykjavik Energy's credit rating upgraded

The international Fitch Ratings agency upgrades Reykjavik Energy’s credit rating. Later in the month, Moody's does the same.

7. March 2018

Veitur Utilities announces a decrease in water charges

A decision is made to lower the water charges of most of Veitur Utilities’ water utilities. The decrease will be 10% in the biggest utilities – in Reykjavík and Akranes – and then the percentage will depend on the performance of each of Veitur’s water utilities.

14. March 2018

13 billion saved by scientific projects

CEO Bjarni Bjarnason announces in a presentation on Reykjavik Energy’s Science Day that research and development projects at the Hellisheidi Geothermal Power Plant, which have received billions of krónur in foreign grants, have saved the companies in the Group ISK 13 billion.

22. March 2018

Fibre optics coming to Árborg

The Reykjavik Fibre Network and municipality of Árborg reach an agreement on the installation of fibre optics for the entire population of the municipality.

28. March 2018

Ring Road open to electric car owners

ON Power opens a charging station in Reykjahlíð in Mývatn. This means that there are charging stations all around the Ring Road.

5. April 2018

Fibre optics in Reykjanesbær

The Reykjavik Fibre Network and Reykjanesbær agree on the installation of fibre optics for the town.

12. April 2018

The entire staff of the Reykjavik Enargy Group attend #metoo workshops

In April #metoo workshops are held for all the staff of the Reykjavik Energy Group to meet and openly discuss the issue: how do we want things to be and what do we need to change?

18. April 2018

The City of Reykjavik acquires two hot water tanks in Öskjuhlid

The CEO of Veitur Utilities, Inga Dóra Hrólfsdóttir, and Mayor Dagur B. Eggertsson sign a contract for the acquisition of two hot water tanks in Öskjuhlíd. The tanks are to be used for the nature exhibition and new tanks will be built instead.

16. May 2018

Environmental revolution for Akranes residents - new sewage treatment plant

A new sewage treatment plant in Akranes comes into use and the town joins the group of municipalities that fulfil sewage treatment requirements in accordance with regulations.

24. May 2018

Fibre optics in Vogar

The Reykjavik Fibre Network and municipality of Vogar make an agreement regarding the installation of fibre optics for the population of the municipality.

5. June 2018

New sewage treatment plant in Borgarnes - Milestone in sewage management of Veitur Utilities

Veitur Utilities’s new sewage treatment plant in Borgarnes comes into use. There are four Veitur Utilities organic sewage treatment plants in the upcountry of Borgarbyggd, one of the country's most extensive municipalities.

15. June 2018

Hydrogen stations opened

ON Power opens two hydrogen refuelling stations for hydrogen-fuelled vehicles on Vesturlandsvegur in Reykjavík and Fitjum in Reykjanesbær. ON Power will produce hydrogen.

18. June 2018

Good results from sustainability assessment of the operations of the Hellisheidi Geothermal Power Plant

The first evaluation conducted in accordance with new international sustainability assessment standards for geothermal steam plants reveals that “The Hellisheidi Geothermal Power Plant has a negligible negative impact on the environment and community and has an important positive social and economic effect.”

23. July 2018

The Reykjavik Fibre Network becomes founding member of international association of fibre network companies

The Reykjavik Fibre Network is one of the founding members of a new international association of fibre network companies that wants to bring Gigbit fibre optic connections all the way to homes and businesses and to guarantee the option of powerful telecom services.

15. August 2018

New supply pipeline in Ölfus

Water is transported down a new Veitur Utilities 7 kilometre-long supply pipeline for hot water in Ölfus and Thorlákshöfn.

17. August 2018

Agreement reached on cultivation of microalgae in ON Power’s geothermal park

ON Power makes agreement with international start-up company Algaennovation regarding facilities and various energy-related supplies for the cultivation of microalgae in ON Power’s geothermal park at the Hellisheidi Geothermal Power Plant.

6. September 2018

Reykjavik Fibre Network nominated for international award

The Reykjavik Fibre Network is nominated for the international Carriers World Awards, which is one of the most cutting edge telecommunication infrastructure companies in the wholesale sector.

17. September 2018

CEO temporarily steps aside

Following allegations of an unfair dismissal of a woman in middle management and a male-oriented workplace culture at Reykjavik Energy, CEO Bjarni Bjarnason temporarily steps aside, while the case is examined and an assessment of the workplace culture is conducted. He is temporarily replaced by lawyer Helga Jónsdóttir.

17. September 2018

Berglind Rán temporary CEO of ON Power

A decision is taken to make the head of ON Power’s Corporate Markets division, Berglind Rán Ólafsdóttir, the temporary CEO of ON Power, following the dismissal of Bjarni Már Júlíusson.

30. September 2018

ISK 2 billion grant for emission-free utilisation of geothermal energy

Reykjavik Energy and its partners receive a grant of more than ISK 2 billion from the EU horizon 2020 research and innovation programme. The grant is for the GECO project which aims to develop a zero emission utilisation of geothermal energy.

4. October 2018

Framework document for reforms of Bæjarháls presented

Reykjavik Energy presents its ideas for changing the appearance of the western side of the headquarters in Bæjarháls, which has been evacuated for a period due to serious moisture damage.

5. November 2018

The journeyman and master electrical mechanic both women

For the first time in Iceland and probably in many other countries both the students and masters in electrical mechanics studies are women. These are ON Power employees Aníta Sigurbjörg Emilsdóttir, who obtained a journeyman's certificate, and her master Kristín Birna Fossdal.

7. October 2018

UV light treatment for part of the cold water

Veitur Utilities announces that soon UV light treatment will be applied to part of the cold water which residents in the capital receive from water sources in Heidmörk. This reduces the chances of soil bacteria being carried into the water supply.

8. November 2018

New charging station - Crossroads at Snæfellsnes

ON Power launches a new charging station at Vegamot in Snaefellsnes. It is the second charging station ON Power owns and operates at Snaefellsnes, earlier in the year a charging station was launched in Olafsvik.

12. November 2018

1 Gigabit fiber optics now in every household in Kópavogur

The installation of fibre optics is completed in Kópavogur and all its residents now have the option of choosing a 1 Gigabit connection with the Reykjavik Fibre Network.

13. November 2018

ON Power reaches agreement with Etix Everywhere Borealis

ON Power and the data centre company Etix Everywhere Borealis sign an electricity supply contract for the development of data centres in Blönduós and the capital area.

19. November 2018

Good workplace culture at Reykjavik Energy – improvement recommendations

Results of assessment conducted by internal auditors of personnel issues and workplace culture are presented at a press conference. The workplace culture at Reykjavik Energy and its subsidiaries is better than most others in the Icelandic labour market and the dismissal of the two executives is considered to be justified.

26. November 2018

Improvements in the pipeline - Bjarni returns

The Board of Directors of Reykjavik Energy approves the adoption of reforms in accordance with the recommendations of the internal auditors regarding personnel issues. Bjarni Bjarnason returns as CEO.

28. December 2018

50th ON Power charging station in Geysir

ON Power launches the company’s 50th charging station in Geysir in Haukadalur. An important step for tourism, says managing director Berglind Rán.