Homegrown energy

Building geothermal heat and power plants for Icelandic communities.

What we do

At Baseload Power Iceland, we specialize in unlocking the full potential of Iceland’s geothermal resources. As pioneers in our sector, we develop small-scale geothermal heat and power projects that tap into low and mediumtemperature resources, previously underutilized or ignored.

Geothermal energy provides warmth during the harsh Icelandic winters, powers the industries that fuel our economy, and offers a path for innovative entrepreneurial ventures. Our mission is to construct heat and power plants that serve the communities they are part of. We promote economic growth, energy security and self-sufficiency, while respecting and preserving nature’s balance.

Through strategic development and responsible stewardship, we aim to set a global standard for sustainable geothermal development. That way, we wish to prove that it is possible to achieve economic progress without compromising the health of our planet.

We call it homegrown energy.

Our power plants

Kópsvatn

Construction at Kópsvatn, our first pilot power plant, started in the spring of 2018 and was completed during the autumn of the same year. The installed capacity is 600kW and we immediately started selling to the grid shortly after commissioning. The borehole in Kópsvatn extracts geothermal water at 117°C by using an electrical submersible pump.

After having extracted the heat for power production, Kópsvatn supplies 85°C geothermal water to the district heating network in the Flúðir municipality, used in heating of homes, greenhouses, bathing and more.

Reykholt

Reykholt is our second power plant commissioned in 2021 with an installed capacity of 300 kW. The self-flowing borehole in Reykholt extracts geothermal water at 127°C. After having extracted the heat for power production, Reykholt supplies 80°C geothermal water to the a nearby hotel, homes and farms.

Efri-Reykir

The ER-23 borehole at Efri-Reykir was drilled in 1988 and reached 147 °C geothermal water, serving nearby farms and few hundred summer cottages with geothermal central heating since then. In July 2022 we drilled a new well, ER-24, to increase production and utilize the heat for electricity generation and additional hot water for central heating. The new well does not produce sufficient geothermal fluid so additional research is ongoing to further develop the area.

Our partners

Samorka is a federation of energy and utility companies in Iceland, representing leading enterprises in electricity production and water utilization in both private and public ownership.

The goal of The Geothermal Association of Iceland is to present the work done by the Icelandic geothermal industry, to facilitate discussions about matters of interest to the geothermal industry and to strengthen cooperation between the geothermal industry and various sectors of the Icelandic economy.

Our team

Marta Rós holds a PhD and a MSc degree in mechanical engineering from the University of Iceland, with a part of her studies undertaken at the Norwegian University of Science and Technology (NTNU) within energy and environmental engineering. She is an experienced manager within the geothermal energy industry, with focus on geothermal power plants, resource utilization, energy efficiency, sustainability and policy.

Marta Rós Karlsdóttir

Managing Director

Hermann has an MBA from Michigan State University and a B.Sc. degree in Economics from the University of Iceland. He has a wealth of experience in corporate finance work relating to renewable energy and geothermal projects, including valuation, profitability assessments, financing and fundraising.

Hermann Baldursson

Finance & Operations Support Director

Hjörleifur is an experienced project developer with a demonstrated history from the machinery industry. He has a Bachelor´s degree in Applied Mechanical and Energy Engineering from Reykjavik University, where he was also part of the Formula Student team. He also has master’s degree in Sustainable Energy Engineering from Iceland School of Energy.

Hjörleifur Þór Steingrímsson

Project Development

Sæmundur is a highly skilled geothermal professional, having worked on maintaining and operating geothermal power plants for a long time, being responsible for financial planning related to equipment investments and operational budgets. He also has extensive experience in leading innovative and advanced projects.

Sæmundur Guðlaugsson

Power Plant Operations Director 

Gunnar holds a PhD in experimental physics from the University of Basel, Switzerland, an M.Sc. in physics from the University of Copenhagen, and a B.Sc. in physics and geophysics from the University of Iceland. He brings extensive expertise in geothermal systems, reservoir engineering and resource management, as well as experience in geothermal exploration.

Gunnar Gunnarsson

Geothermal Resource Director

Guðmundur is responsible for partnerships and collaborations to ensure the company’s growth and impact. He holds a master’s degree in law from the University of Iceland and has extensive experience in production scaling, branding, marketing, and sales.

Guðmundur Páll Líndal

Business Development Director

Contact & social links

Have a question or a message for us?

Contact Us