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Geothermal Energy in Iceland
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Volcanos Producing Energy
The use of geothermal energy in Iceland must be the most inventive, progressive and eco-friendly energy system in the world.
They have five major geothermal power plants, which produce approximately 26% of the nation's energy. In addition, geothermal heating meets the heating and hot water requirements of approximately 87% of all buildings in Iceland.
Apart from geothermal energy, 75% of the nation’s electricity is generated by hydro power, and 0.1% from fossil fuels.
All of this energy: hydro and geothermal, is brought online without producing any air pollution or greenhouse gases.
It has been estimated that using geothermal for space heating instead of fossil fuels saves the country of Iceland annually about 100 million US dollars in imported oil.
Iceland’s state-owned energy company, Landsvirkjun, is considering construction of the world’s longest underwater electric cable so they can sell their vast geothermal and volcanic energy to the European market.