“Coming together is a beginning. Keeping together is a process. Working together is success.” Henry Ford (1863-1947)

ICELAND GEOTHERMAL ANNUAL REPORT 2013

Published by Iceland Geothermal, May 2014. Editorial Team: Hakon Gunnarsson, Rósbjörg Jónsdóttir & Viðar Helgason Design: Iceland Geothermal Printed: Iceland Geothermal

Iceland Geothermal, Ármúla 6 108 Reykjavík, Iceland Tel: (+354) 575 1330 Web: www.icelandgeothermal.is E-mail: [email protected]

Iceland Geothermal Cluster Map

Source: Porter & Ketels 2010

Members of the Iceland Geothermal Service Providers

Knowledge

Core Operation

Distribution

Direct

Equipment Suppliers and Maintenance

Association

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Support

Indirect

Government

ICELAND GEOTHERMAL | 2013

Contents Message from the chairman _____________________________________________________________________________________ 4 The Iceland Geothermal cluster initiative; origin and development __________________________________________ 5 Strategy 2014-2019 ______________________________________________________________________________________________ 6 Mission _________________________________________________________________________________________________________6 Vision ___________________________________________________________________________________________________________6 Objectives ______________________________________________________________________________________________________6 Iceland Geothermal Conference – IGC2013 _____________________________________________________________________ 7 Financial Statements _____________________________________________________________________________________________ 8 Confirmation of Financial Statements ________________________________________________________________________8 Financial Reports _______________________________________________________________________________________________ 10 Contributors ____________________________________________________________________________________________________ 11

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ICELAND GEOTHERMAL | 2013

Board of Directors

Albert L. Albertsson, Chairman Deputy Chief Executive Officer HS Orka

Eyjólfur Árni Rafnsson, Ph.D Vice Chairman Chief Executive Officer Mannvit Engineering

Guðmundur Ingi Ásmundsson Deputy Chief Executive Officer Landsnet

Hildigunnur Thorsteinsson Managing Director R&D OR - Reykjavik Energy

Hjörtur Steindórsson Executive Director, Energy Team Íslandsbanki

Hörður Arnarson ,Ph.D Chief Executive Officer Landsvikjun- National Power Company

Stefán Pétursson Chief Financial Officer Arion Banki

Sveinn Ingi Ólafsson Chief Executive Officer Verkís Consulting Engineers

Unnar Steinn Hjaltason Chief Executive Officer VHE

Board Observers

Sigurður Magnús Garðarsson, Ph.D Chairman of the Board GEOthermal Research Group (GEORG)

Þorteinn Ingi Sigfússon, Ph.D Director General Innovation Center Iceland

Operations and Management

Hákon Gunnarsson Cluster Manager Iceland Geothermal

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Rósbjörg Jónsdóttir Communications & Event Manager Iceland Geothermal

Viðar Helgason Program Manager Iceland Geothermal

ICELAND GEOTHERMAL | 2013

Message from the chairman The term cluster is defined as a geographically group of companies and associated institutions in a particular field, linked by commonalities and complementarities. A cluster is comprised of a group of interconnected companies and institutions whose value as a whole is greater than the sum of its parts. In 2010, Dr. Michael Porter and Dr. Christian Ketels performed an analysis of the Icelandic geothermal cluster in cooperation with the consultancy Gekon. Nearly 60 different stakeholders within the cluster were involved in the project. A steering committee was established and for the next three years the Iceland Geothermal cluster was more of an informal initiative. It was based on an agreement directly to Gekon with different cluster members. February 15, 2013 marked the foundation of the Iceland Geothermal Cluster as a formal organization. Instead of a steering committee, the cluster organization now has its own board of 11 members and a service agreement was made with Gekon to manage the cluster. This annual report is therefore the first of its kind in the cluster organization´s history. The highlight of the year 2013 is the Iceland Geothermal Conference, which was held in March 2013 and was a huge success. More than 600 participants came from 40 countries to attend the conference, which was the largest geothermal event ever held in Iceland. 250 of the participants came from abroad to attend the conference. There were 57 presentations divided into 3 categories: the geothermal value chain, exploration, realization and utilization. The next Geothermal Conference is scheduled to take place in 2016. The Board worked out a future strategy for the cluster cooperation and agreed to put emphasize three main topics: Communication, Knowledge and Innovation. Next year the board would like to see more effort in the work of the cluster on these topics, both among start-up companies as well as established ones. I sincerely thank my board members for their fruitful cooperation, which has been professional to my great pleasure. I also sincerely thank Gekon’s people; Hakon, Rosbjorg and the rest of their team for their highly professional work in leading and constructing the working procedures of the cluster. Gekon´s help to me has been invaluable and without which I would have been lost. Last but not least my thanks to Viðar, the only employee of the Cluster, who has carried out his work with enthusiasm in a highly professional manner.

Sincerely,

Albert Albertsson Chairman of the board

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ICELAND GEOTHERMAL | 2013

The Iceland Geothermal cluster initiative; origin and development Iceland Geothermal is a none profit organisation established in February 2013 around an industry-driven cluster cooperation in the field of geothermal energy. There were 43 founding members who reflected the large breadth of companies, associations and institutions that belong to the Icelandic geothermal cluster. The purpose and its goal of the organisation is to strengthen and stimulate competitiveness within infrastructure of the Icelandic geothermal cluster with added value in the sector and improved utilisation of the resource in mind.

The cluster cooperation is based on ten defined cooperative projects all of which aim to strengthen the infrastructure of the Icelandic geothermal cluster. They are the outcome of a special workshop that was held among the cluster members in May 2011. Cluster members have been working on the ten projects actively since September 2011.

On February 15th 2013 a legal entity for the Iceland Geothermal cluster initiative was established by 43 partners. Founding members in picture are, starting in the second row from the left: Áslaug Thelma Einarsdóttir – Mannvit, Ari Kristinn Jónsson – Reykjavik University (HR), Margrét Flóvenz – KPMG, Karl Friðriksson – Innovation Center Iceland, Stefán Pétursson – Arion banki, Magnús Kristjánsson – Orkusalan, Knútur G. Hauksson – Klettur (Mitsubishi Heavy Indurstries), Guðmundur Ingi Ásmundsson – Landsnet, Guðlaugur H. Sigurjónsson – Reykjanesbær, Linda Lyngmo – Íslandsbanki, Þórður Sverrisson – Nýherji, Hallgrímur Jónasson – Rannís, Óli Grétar Blöndal Sveinsson – National Power Company (Landsvirkjun), Gestur Bárðarson – Green Energy Group, Guðmundur Þorbjörnsson – EFLA, Tryggvi Þór Haraldsson – RARIK, Hildigunnur Thorsteinsson – Reykjavik Energy (Orkuveita Reykjavíkur), Daði Már Kristófersson – University of Iceland (HÍ), Karl Axelsson – LEX, Albert Albertsson – HS Orka, Grímur Sæmundsen – Blue Lagoon, Páll E. Pálsson – VHE, Lúðvík Georgsson – United Nations University, Geothermal Programme, Vilhjálmur Egilsson – Federation of Icelandic Employers, Davíð Lúðvíksson – Federation of Iceland Industries (SI), Páll R. Guðmundsson – Verkís. Seventeen founding members are not represented on the picture, they are as follows: BBA Legal, Geogreenhouse, GEORG – Geothermal Research Group, Íslensk matorka, Jarðböðin Mývatn, Keilir – Atlantic Center of Excellence, Klak, NDT, Norðurorka, Orkusalan, Federation of Icelandic Employers, Stálsmiðjan Framtak, TBL Architects, Thule Investments Advisors, University of Akureyri (HA), Vélvík, VSÓ ráðgjöf, Þekkingarnet Þingeyinga, and Keflavik Airport Development Company (KADECO).

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ICELAND GEOTHERMAL | 2013

Strategy 2014-2019 In 2013 the board of directors made the decision to form a strategic vision for the cluster initiative. On a general meeting in the organisation in December 2013 the chairman presented the key elements from the work of the board.

Mission Mission of the Iceland Geothermal Cluster Initiative is to be a platform providing value from the unique value proposition Iceland has as a geothermal country; both for society and business.

Vision In 2019 the Iceland Geothermal Cluster will be internationally recognised in the field of innovation, education and business development in the field of geothermal industry and will be supporting Icelandic companies to become the leaders in providing services in the global value chain of geothermal energy.

Objectives

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Increase supply of education within the field of renewable energy in all levels of the educational system in Iceland. Continuing to support increased research – and the cooperation with GEORG. Iceland Geothermal will be the promoter for conferences, workshops, seminars in all levels of the geothermal value chain; Exploration, Realization and Utilisation. Iceland Geothermal will advocate the geothermal industry value proposition world wide – and will continue to grow its massive international network.

Communication

Increase value creation, supported by research, development innovation and new ideas. Support cluster members to participate in projects overseas Iceland Geothermal will be the initiative player of start-up projects and innovation processes. Iceland Geothermal will be a bridge builder between researchers and business environment to increase value creation and competitiveness in the industry

Knowledge

Innovation

The guiding lights of Iceland Geothermal Cluster Initiative will be increasing innovation and development through collaboration and cooperation and will be focusing on three main areas to reach its strategic objectives.

Iceland Geothermal aim is to be a gateway for a „one stop shop„ for both government and business interests from abroad. „Iceland geothermal„ can be identified as a „brand„ for Iceland service and knowledge in the industry. „Iceland Geothermal Platform“ is a nationwide phenomenon Cooperate with geothermal cluster initiatives in other countries. Cooperate with related clusters in Iceland – tourism, health care, maritime and others.

ICELAND GEOTHERMAL | 2013

Iceland Geothermal Conference – IGC2013 The Iceland Geothermal Conference – IGC2013 took place in March 5-8, 2013 in Harpa, Conference Centre in Reykjavík. It has helped carry a positive message for the possibilities within the green energy industry, according to various reviews posted online. The overall theme of the Iceland Geothermal Conference 2013 was to share effective exploration methods, learn how to maximize the utilization of geothermal energy from veterans and explore. The Iceland Geothermal Conference 2013 marked a turning point and the last step in formalizing the Iceland Geothermal Cluster. The special position of IGC 2013 did consist in the proximity to the geothermal areas, easy access to Icelandic geothermal experts, handselected speakers from all around the world, who ensured the quality of the content of the conference and first-class facilities. There were 600 participants, delegates, and exhibitors who attended the conference to discuss changes and forward thinking within the geothermal industry, with 57 presentations given by global figureheads within the industry. There were more than 40 nationalities presented at the conference and it is by far the largest conference on geothermal issues ever held in Iceland. The IGC 2013 brought together respected experts from all around the world and provided opportunities for networking and exchange of knowledge in all fields of the geothermal value chain. The next Iceland Geothermal Conference will be held in Reykjavik in April 2016.

Testimonials: "It was a unique experience to meet right people work for various aspects of geothermal business and technologies. Occasional hard snow storm welcomed us, revealing the power of geothermal heating systems in Reykjavik." Dr. Kasumi Yasukawa, National Institute of Advanced Industrial Science and Technology, Japan

"Iceland Geothermal Conference 2013 is the best organized conference I have attended in Iceland" Mr. Hoskuldur Olafsson, CEO of Arion Bank, Iceland

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ICELAND GEOTHERMAL | 2013

Financial Statements Confirmation of Financial Statements To the Board of Directors and Shareholders of Iceland Geothermal. We have audited the accompanying financial statements of Iceland Geothermal, which comprise the income statement for the year 2013, statement of financial position as at December 31, 2013, cash flows for the year then ended, and a summary of significant accounting policies and notes, comprising a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Icelandic Financial Statements Act No. 3/2006, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. Opinion In our opinion, the financial statements give a true and fair view of the financial position of Iceland Geothermal as at December 31, 2013, and of its financial performance and its cash flows for the year then ended in accordance with the Icelandic Financial Statements Act.

Reykjavík, April 23, 2014.

Margret G. Flvenz KPMG ehf.

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ICELAND GEOTHERMAL | 2013

Endorsement by the Board of Directors Iceland Geothermal was established in Reykjavik on February 15, 2013 as a cluster organisation within the geothermal industry in Iceland. The term cluster has been defined as a geographically group of companies and associated organisations in a particular field, linked by commonalities and complementarities. The founding members of the cluster were 43 organisations related to the organisations clusters and are described in the statutes for Iceland geothermal as “an industry driven cluster cooperation for firms, institutions, educational institutes, and others willing to increase the competitiveness and create value in the geothermal sector”. At the end of the year there were 50 members accepted in the organisation, of which 34 were paying member fees. The Board of Directors of Iceland Geothermal have today approved the financial statements for the year 2013 and confirmed by means of their signatures. Reykjavík, April 23, 2014. Board of Directors:

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ICELAND GEOTHERMAL | 2013

Financial Reports

Income for the year ended Dec. 31

Balance Sheet as at Dec. 31

YR.2013 30.720.000 8.410.000 39.130.000

Members fee Grants Sum Operating expenses Operating profit before financial income and expense Interest income Interest expense

39.130.000 0 116.410 ( 36.112) 80.298

Net income:

80.298

Cash Flow for the year ended Dec. 31 YR.2013 Cash flows from operating activities Profit for the year Changes in working capital and provisions: Trade receivables, (increase) Trade and other payables, increase Changes in working capital: Cash generated from the operation: Net increase in cash and cash equivalents Cash & cash equiv. at beginning of year Cash & cash equiv. at end of year

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YR.2013 Assets Current assets Receivables Cash and bank deposits

80.298

(4.897.810) 5.133.422 235.612 315.910

Total assets:

4.897.810 315.910 5.213.720

Equity Total equity Retained earnings

80.298

Liabilities Current liabilities Trade payable Total liabilities:

5.133.422 5.213.720

Operating Expenses The organization has made a service agreement with Gekon ehf. The total operating cost divides as follows: Founding of the Organization (8%) Diverse usage (7,4%)

3.130.400 2.879.968

Project management (5,5%)

2.159.976

Drillings (2,8%) Innovation and preparation for startup projects (13,8%) Education and training (4,6%) Commercial cooperation (27,7%) Operational environment (11%)

1.079.988 5.399.940 1.799.980 10.799.880 4.319.952

315.910

Data collection (2,8%)

1.079.988

0 315.910

Cluster networking and strategic planning for the cluster (13,8%) Financing (2,8%) Total operating expenses:

5.399.940 1.079.988 39.130.000

ICELAND GEOTHERMAL | 2013

Contributors Many people think that the financing of the cluster is the most important thing in the cluster work, however that is not the case. The most important part in managing cluster cooperation is to have the active involvement of the cluster members. We at Iceland Geothermal are very fortunate to have very active participation in everything the cluster initiative has decided to put on the agenda. There have been joint efforts projects, seminars, conferences, visiting tours and many other activities. Hundreds of people have taken part in our work and here below is a list of some of the names involved and the organization they were representing at the time. Many thanks to all who have taken part in the Iceland Geothermal cluster project in 2011 to 2013. your effort, our organisation would not be a reality.

Albert L. Albertsson Alexander Richter Almar Guðmundsson Anna Sverrisdóttir Ari Kristinn Jónsson Ari Stefánsson Ari Trausti Guðmundsson Arnar Guðmundsson Auður Andrésdóttir Auður Björk Guðmundsdóttir Augustine Dufatanye Ágúst F. Hafberg Ágúst H. Bjarnason Ágúst Ólafur Ágústsson Ágúst Torfi Hauksson Ágúst Valfells Árni Magnússon Árni Páll Árnason Árni Pálsson Árni Ragnarsson Árni Sigfússon Árni Sigurjónsson Ása Brynjólfsdóttir Ásbjörn Blöndal Ásgeir Margeirsson Ásgerður Ragnarsdóttir Baldur Stefánsson Baldvin Björn Haraldsson Benedikt Höskuldsson Benedikt Magnússon Berglind Hallgrímsdóttir Bergsteinn Einarsson Birgir Már Guðmundsson Birkir Már Guðnason Birna Einarsdóttir Bjarni Benediktsson Bjarni Bjarnason Bjarni M. Júlíusson Bjarni Pálsson Björn Brynjúlfsson Björn Örvar Bogi Þór Siguroddsson Bryndís Hlöðversdóttir Bryndís Skúladóttir Claus Ballzus Daði Már Kristófersson Dagbjört Jónsdóttir Dagbjört S. Bjarnadóttir Daníel Guðmundsson Davíð Ingimarsson Davíð Lúðvíksson Davíð Stefánsson Dýrleif Kristjánsdóttir

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HS Orka ThinkGeoEnergy Háskóli Íslands Fontana Háskólinn í Reykjavík Borfélag Íslands Jarðfræðingur Íslandsstofa Mannvit VÍS Kigali Norðurál Verkís Hagfræðingur Norðurorka Háskólinn í Reykjavík Mannvit Alþingismaður Stálsmiðjan Framtak ÍSOR Reykjanesbær Skrifstofa forseta Íslands Bláa lónið HS Orka HS Orka LEX Arctica Finance BBA Legal Utanríkisráðuneytið KPMG NMÍ SET VR/LV Icelandair Íslandsbanki Fjármálaráðherra Orkuveita Reykjavíkur Landsvirkjun Landsvirkjun Thule Investments ORF Líftækni Rönning Landsvirkjun Samtök iðnaðarins Mannvit Háskóli Íslands Þingeyjasveit Skútustaðahreppur Vélvík ehf Landsvirkjun Samtök iðnaðarins Reykjavík Geothermal LEX

Edda Lilja Sveinsdóttir Eggert Claessen Einar Gunnar Guðmundsson Einar Gunnlaugsson Einar Mantyla Einar Rúnar Magnússon Eiríkur Hjálmarsson Elín Hallgrímsdóttir Elvar Knútur Valsson Erla Sigurðardóttir Eyjólfur Árni Rafnsson Eyjólfur Árni Rafnsson Eyþór Ívar Jónsson Finnur Kristinsson Finnur Oddsson Friðfinnur Hermannsson Friðfinnur K. Daníelsson Friðrik Ómarsson Friðrik Pálsson Geir Þórólfsson Gestur R. Bárðarson Gísli Guðmundsson Gísli N. Einarsson Gréta María Grétarsdóttir Grímur Björnsson Grímur Jónasson Grímur Sæmundsen Guðjón Axel Guðjónsson Guðjón Jónsson Guðmundur Hagalín Guðmundur Ingi Ásmundsson Guðmundur Jón Bjarnason Guðmundur Óskarsson Guðmundur Þorbjörnsson Guðmundur Þóroddsson Guðni A. Jóhannesson Guðrún Arnbjörg Sævarsdóttir Guðrún Erla Jónsdóttir Gunnar Guðni Tómasson Gunnar Haraldsson Gunnar Jóhannesson Gunnar Thoroddsen Gunnar Tryggvason Gunnar Viðar Gunnar Örn Gunnarsson Gústaf Skúlason Gylfi Magnússon Hafsteinn Helgason Hallgrímur Jónasson Hannes Ottósson Harald B. Alfreðsson Haraldur Ingi Birgisson Haukur Alfreðsson

Without

Orkuveita Reykjavíkur Frumtak Arion banki Orkuveita Reykjavíkur ORF Líftækni Orka Energy Orkuveita Reykjavíkur Mannvit ANR NMÍ Mannvit Mannvit CBS TBL Nýherji Gekon Alvarr/Varmavélar Mannvit Hótel Rangá HS Orka Green Energy Group NDT VÍS Arion banki Reykjavík Geothermal VSÓ ráðgjöf Bláa lónið Landsnet VSÓ ráðgjöf Orkuveita Reykjavíkur Landsnet DMM Solutions ltd Icelandair EFLA Reykjavík Geothermal Orkumálastjóri Háskólinn í Reykjavík Orkuveita Húsavíkur HRV Hagfræðistofnun HÍ Arctica Finance Orka Energy KPMG Landsbankinn Reykjavík Geothermal Samorka Háskóli Íslands EFLA Rannís NMÍ Hnit Viðskiptaráð Íslands Samtök iðnaðarins

ICELAND GEOTHERMAL | 2013

Haukur Óskarsson Helga Jónsdóttir Helga Valfells Helgi Kristjánsson Helgi Leifsson Helgi Magnússon Helgi Már Björgvinsson Helgi Þór Ingason Héðinn Unnsteinsson Hildigunnur Thorsteinsson Hilmar Þór Hilmarsson Hjalti Páll Ingólfsson Hjálmar Árnason Hjörtur Þór Steindórsson Hólmfríður Sigurðardóttir Hrafn Harðarson Hörður Arnarson Höskuldur Ólafsson Inga Hlín Pálsdóttir Ingi Ingason Ingimar Haraldsson Ingjaldur Hannibalsson Ingólfur Þorbjörnsson Ingvi Már Pálsson Ivon Stefán Cilia Jakob Sigurður Friðriksson Jóhann Garðar Einarsson Jóhannes Rúnar Magnússon Jón Atli Benediktsson Jón Ásbergsson Jón B. Stefánsson Jón Hreinsson Jón Ólafur Ólafsson Jón Óttar Birgisson Jón Örn Guðbjartsson Jónas Ketilsson Júlíus Jónsson Karl Axelsson Karl Geirsson Karl Þráinsson Katrín Dóra Þorsteinsdóttir Ketill Sigurjónss Kjartan Þór Eiríksson Knútur G. Hauksson Kristinn Guðjónsson Kristinn Hafliðason Kristinn Ingason Kristín Ingólfsdóttir Kristín Linda Árnadóttir Kristján Einarsson Kristján Guy Burgess Kristján Kristjánsson Kristján Skarphéðinsson Lúðvík Georgsson Magnús Jóhannesson Magnús Orri Schram Magnús Þór Jónsson Margrét Flóvenz Orri Hauksson Ólafur Darri Andrason Ólafur G. Flóvenz Ólafur Pétur Pálsson Ólafur Stephensen Óli Grétar Blöndal Sveinsson Óli Örn Eiríksson Óskar Olgeirsson Páll E. Pálsson Páll Kr. Pálsson

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Mannvit ANR NSA Grímur, vélaverkstæði Orkuveita Reykjavíkur Norðurorka Icelandair Háskólinn í Reykjavík Forsætisráðuneytið Orkuveita Reykjavíkur Háskólinn á Akureyri GEORG Keilir Íslandsbanki Orkuveita Reykjavíkur Landsbankinn Landsvikjun Arion banki Íslandsstofa EFLA UNU Háskóli Íslands NMÍ ANR TARK Orkuveita Reykjavíkur Mannvit EFLA Háskóli Íslands Íslandsstofa Tækniskólinn NMÍ Batteríið MP-banki Háskóli Íslands Orkustofnun HS Veitur LEX Klettur ÍAV Samtök iðnaðarins Orkubloggið KADECO Klettur Hnit Íslandsstofa Mannvit Háskóli Íslands Umhverfisstofnun Landsvirkjun Utanríkisráðuneytið Landsbankinn ANR UNU Umhverfisráðuneytið Capacent Háskóli Íslands KPMG Samtök iðnaðarins ASÍ ÍSOR Háskóli Íslands Fréttablaðið Landsvirkjun Reykjavíkurborg Framtak VHE Skyggni

Páll R. Guðmundsson Ragnheiður Inga Þórarinsdóttir Reinhard Reynisson Ríkharður Ibsen Róbert Ragnarsson Rósa Gunnarsdóttir Rósbjörg Jónsdóttir Runólfur Maack Runólfur Smári Steinþórsson Ruth Elfarsdóttir Rúnar Unnþórsson Sigríður Sigurðardóttir Sigrún Nanna Karlsdóttir Sigrún Ragna Ólafsdóttir Sigtryggur Klemensson Sigurður Atli Jónsson Sigurður Björnsson Sigurður H. Markússon Sigurður Harðarson Sigurður Harðarson Sigurður Ingi Friðleifsson Sigurður Jónsson Sigurður Kiernan Sigurður Lárus Hólm Sigurður Magnús Garðarsson Sigurður Ragnarsson Sigurjón Magnússon Sigurjón Pálsson Snæbjörn Kristjánsson Stefanía Karlsdóttir Stefán Gunnar Thors Stefán Gunnarsson Stefán Pétursson Stefán Þór Bjarnason Steinunn Hauksdóttir Sturla F. Birkisson Sveinbjörn Hólmgeirsson Sveinn Agnarsson Sveinn Björnsson Sveinn Ingi Ólafsson Sveinn Þorgrímsson Sverrir Guðmundsson Sverrir Þórhallsson Sæmundur Guðlaugsson Sæmundur Jónsson Tómas Guðmarsson Tryggvi Hallvarðsson Tryggvi Jónsson Tryggvi Þór Haraldsson Unnar Steinn Hjaltason Valur Harðarson Vilhjálmur Egilsson Vilhjálmur Guðmundsson Vilhjálmur Skúlason Þorleifur Finnsson Þorleifur Þór Jónsson Þorleikur Jóhannesson Þorsteinn Víglundsson Þorteinn Ingi Sigfússon Þorvaldur Lúðvík Sigurjónsson Þór Gíslason Þórður Guðmundsson Þórður H. Hilmarsson Þóroddur Sigurðsson Þórólfur Árnason Þrándur Ólafsson Örnólfur Thorsson Össur Skarphéðinsson

Verkís Háskóli Íslands Atv.þr.f. Þing. Blue Diamond Grindavík Menntamálaráðuneytið Gekon Mannvit Háskóli Íslands ALCOA Háskóli Íslands EFLA NMÍ VÍS Norðurþing MP-banki Rannís Landsvirkjun TBL Batteríið Orkusetur KPMG Geogreenhouse Mannvit GEORG ÍAV Íslandsbanki Arion banki NMÍ Íslensk matorka VSÓ ráðgjöf Jarðböðin Mývatni Arion banki Arctica Finance ÍSOR Jarðboranir Landsvirkjun Háskólinn í Reykjavík Arion banki Verkís ANR Keilir ÍSOR Orkuveita Reykjavíkur Verkís Reykjavík Geothermal Vélvík Mannvit RARIK VHE Johan Rönning Samtök atvinnulífsins GEG Reykjavík Geothermal Reykjavík Geothermal Íslandsstofa Verkís Samtök atvinnulífsins NMÍ Atv.þr.fél. Eyf. HS Orka Landsnet Íslandsstofa Reykjavík Geothermal ISAVIA Orkuveita Reykjavíkur Skrifstofa forseta Íslands Alþingismaður

ICELAND GEOTHERMAL | 2013

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