Icelandair : Landsvirkjun and Icelandair to collaborate on the energy transition of aviation

Landsvirkjun, the national power company of Iceland, and Icelandair will collaborate in developing solutions for the energy transition of aviation in Iceland. The two companies will assess the current status and define projects that will accelerate the energy transition of aviation.

The companies have signed a two-year agreement about the collaboration, with three main goals. The first goal is to evaluate the possibilities of a development project where first steps in energy transition would be taken. For example, this could include projects about the use of sustainable fuel, green hydrogen, or electricity as energy carriers for aviation in Iceland. The second goal is to create a venue for stakeholders and promote cooperation on the energy transition in aviation, and thirdly, to educate both stakeholders and the general public about the importance of energy transition and what steps need to be taken.

Hörður Arnarson, Landsvirkjun CEO, says it is very gratifying that the national power company and the largest Icelandic airline have decided to join hands in working towards the energy transition in aviation. "The energy transition of transport is inevitable. We see how far we have come in the energy transition for cars, but we also need to find solutions for heavy transport, ships, and aircraft, and we need to act fast."

Bogi Nils Bogason, Icelandair CEO, says the airline has high hopes that the collaboration will provide joint opportunities for Icelandair and Landsvirkjun. "Iceland is in a unique position to be at the forefront when it comes to energy transition in aviation, starting within Iceland. This is because of short domestic flight routes and ample access to green energy. Furthermore, as the technology advances, Iceland's location between Europe and North America could create exciting opportunities when it comes to the energy transition of transatlantic flights."