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Geo Salmo signs power agreement for hybrid RAS facility

June 30, 2023  By  Nestor Arellano

Photo: Geo Salmo

Geothermal energy company, ON Power, will provide electricity to the hybrid recirculating aquaculture system (RAS) facility of Icelandic land-based salmon farmer, Geo Salmo.

Under the terms of its contract, ON Power will provide up to 28 megawatts of electricity for GeoSalmo’s facility located in Þorlákshöfn, near Reykjavik, Iceland. The facility uses Artec Aqua’s self-developed hybrid system. The hybrid system will recycle up to 70 per cent of the water. Geo Salmo hopes to produce 18,900 tons of gutted Atlantic salmon from the facility.

ON Power is the second-largest electricity producer in the country and operates the fourth-largest geothermal power plant in the world. The company is one of the subsidiaries of Reykjavik Energy which is owned by the City of Reykjavik, Akranes and Borgarbyggd.


ON Power produces and sells geothermally generated electricity for the Icelandic market.

“It’s reassuring to know that the energy for the project comes from our municipality, and we appreciate ON’s reliability and power. Using Icelandic energy for environmentally friendly food production is reducing economically beneficial and helps reduce the carbon footprint of food production globally,” said  Jens Thordarson, chief executive of GeoSalmo.

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