Why this issue matters
Iceland’s growing electricity demand is increasing the need for new generation capacity, grid upgrades, and greater system flexibility. For Swedish companies, the report provides a perspective on market developments and areas where Swedish energy expertise could contribute.
Key takeaways
In this report you will explore:
- Why rising demand from data centres, aquaculture, transport electrification, and potential e-fuel production is increasing pressure on Iceland’s power system
- How new wind, hydropower, and geothermal projects could expand and diversify Iceland’s renewable generation
- Where transmission constraints and planned grid upgrades are shaping the need for modernisation
- What opportunities the changing market creates for Swedish expertise in grid technology, wind power, hydropower, geothermal technology, and energy efficiency
Who this report is for
The report is relevant for Swedish companies and decision-makers assessing developments and business opportunities in Iceland’s energy market. It provides a high-level view of market conditions, planned investments, and areas where Swedish capabilities correspond with Iceland’s energy needs.
Webinar: Insights into Iceland’s energy market
Watch Business Sweden’s webinar with insights from Business Iceland and Landsvirkjun. The discussion covers recent developments in Iceland’s energy market, the ongoing energy transition, and emerging opportunities for Swedish companies.
