Submission

Green Energy Park in East Iceland

Cooperation with City's/municipality's with hydrogen production as common goal.

Category 1: Sibling H2 Twin Cities Application

Reyðarfjörður is one of towns in Fjarðabyggð municipalities A strong economy and high level of employment characterise Fjarðabyggð. Within the municipality, one can find prosperous companies in the fishing, service and heavy industries that together create enormous foreign exchange earnings for the national economy. About 5100 inhabitants lived in Fjarðabyggð in June 2020. The municipality is 1,615 square kilometres in area..

Iceland is an island in the North Atlantic Ocean, situated between Greenland, the Faroe Islands and Norway. Its size is approximately 103,000 km2, the second largest island in Europe after Britain and the 18th largest in the world. Iceland has a population of around 370,000 people, half of them living in the capital Reykjavík and its surroundings.. celand is a democracy with a president, but Alþingi, the parliament, is the country’s supreme institution. Iceland is not a member of the EU but participates in the European Economic Area in accor - dance with the EEA Agreement. Iceland is a member of NATO..East Iceland covers the area from Bakkafjörður in the north to Krossnes in the south and has four municipali - ties: Fjarðabyggð, Múlaþing, Fljótsdals hreppur and Vopnafjarðarhreppur. The municipalities cover almost 16 thousand square kilometres, with a population of 10,000..

Valgeir Ægir Ingólfsson
Director of Development
valgeiri@fjardabyggd.is
+354 865 2490

Reyðarfjörður Stretching about 30 km inland, Reyðarfjörður is East Iceland's longest fjord and has excellent harbour conditions. Reyðarfjörður Town, is the second largest town in Fjarðabyggð municipality.

c. Sibling (Will undergo cooperative development on similar projects)

One of the main goals with the Green Energy Park is develop a full scale production of fuel.
Environmental issues are the main impetus for the development of Green Energy Parks and strengthening the circular economy, but other important incentives are also needed
to be present. Consumers are becoming more and more aware of the impact that production has on the environment and what companies need increasingly responding to their call for more responsible production and consumption. This is what companies need to do adapt their activities with the following principles in mind:
• Dispose of waste and pollution
• Keep raw materials and products in use
• Renew ecosystems
Transitions to a circular economy do not only involve changes aimed at reducing negative impact on the environment. They also represent a systematic change that creates employment and economic opportunities and at the same time provides environmental and social benefits.
There are various opportunities in hydrogen production in Iceland, but there great opportunity's in hydrogen as a renewable energy source and possible successor to fossil fuels. Special attention is paid to energy exchange in fisheries, air transport and industry. Hydrogen production in Iceland can take place in various ways but most likely the scenario is that it takes place with electrolysis in industrial parks
in close proximity to ports. The connection between ports and hydrogen production would be therefore a good option, as ships could use the hydrogen and transport it on
market abroad. Ports will therefore play a key role in transport green hydrogen from resource-rich areas.

The project is still in development stage. The idea is to develop ways that benefit energy exchange in Iceland, which include producing hydrogen by electrolysis and thus creating electric fuel, for example ammonia, which can also be used in fertilizer production.
If the project is successful, we hope that it will be possible to replace fossil fuels and use electric fuels in heavy transport and shipping as well as the fishing industry. It is also assumed that by-products from hydrogen production will be used in other activities. This creates oxygen that can be used in land fires and heat that can be used to heathouses. Initially, they will be examined advantages of producing hydrogen fuel with hydrogen in Reyðarfjörður but the potential for synergies will also be examined and analysed with other activities in the area. There will be e.g. looking at possibilities on energy exchange in fisheries and land transport, reuse heat for house heating in Reyðarfjörður and the use of oxygen for land farming of fish. In addition, the possibilities for generating energy in the area will be explored for possible activities in the green energy park.

There is no consumption in East Iceland today. Major Consumption will be trough Iceland fishing fleet and other vessels, both domestic and for export. The project is still on development stage.

b. Wind
c. Hydro

b. Wind
c. Hydro

b. Hydrogen production facilities (e.g., electrolyzers)
e. Hydrogen liquefaction plants
g. Other- Please Specify Below

Green Energy Park will provide oxygen and surplus of warm water which is major factor for land based fish farming.
Salmon farming is a rapidly growing industry in East Iceland and beyond are large investments in infrastructure. It is planned to immediately next year, about 30 thousand tons of salmon will be processed in the Eastfjords.

b. Industry
c. Power generation and energy storage, including hydrogen blending

Reyðarfjörður has good port facilities and will be in good cooperation with the European nations. Both in development and in production.