Electricity Generation

Generation of Electricity using geothermal energy 

Generating electricity with geothermal energy has increased significantly in recent years. As a result of a rapid expansion in Iceland's energy intensive industry, the demand for electricity has increased considerably.

The figure on the right shows the development from 1970-2012. The installed generation capacity of geothermal power plants  totaled  661 MWe in 2012 and the production was 4,600 GWh, or 24.5% of the country's total electricity production.

Electricity consumption

The figure here on the right shows how the aluminum industry in Iceland used up to 70% of produced electricity in the year 2011.