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Longest subsea cable could supply UK with geothermal energy from Iceland

January 09, 2013
by Stephen Kimbell
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Iceland is considering building the world’s longest subsea power cable by around 2020 to take advantage of its abundant geothermal energy to supply the UK with green power, the head of the state-run electricity producer said.

“We can serve as a green battery for the UK,” Hordur Arnarson, the chief executive of Landsvirkjun said in an interview.

The project, previously considered economically unviable, is back in the frame because of rising demand for low-carbon energy and regulations favouring renewable power.

Read the complete article published in Engineering & Technology Magazine, 9 January 2013

About the Author
Stephen Kimbell is a specialist in business strategy and deal doing. He is an investor, an entrepreneur and an experienced non-executive director. During his many years in the corporate finance world, as a lawyer, a company director and as an academic, Stephen has helped numerous companies achieve success.
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