{{Short description|Company}} {{Infobox company | name = Icelandic New Energy<br>Íslensk NýOrka | logo = [[Image:IslandicNewEnergyLogo.png|frameless]] | caption = | type = private | fate = | predecessor = | successor = | foundation = 1999 | founder = | defunct = | location_city = [[Reykjavík]] | location_country = [[Iceland]] | location = | locations = | area_served = | key_people = {{Unbulleted list|[[Jón Björn Skúlason]] ([[General Manage]])|[[Anna Margret Korneliusdottir]] ([[Senior Project Manager]])}} | industry = energy | products = | services = RD&D projects in low and zero-emission alternative fuels for transport | revenue = | operating_income = | net_income = | aum = | assets = | equity = | owner = [[Vistorka]], [[Daimler AG|Daimler]], [[Norsk Hydro]], [[Shell Hydrogen]] | num_employees = | parent = | divisions = | subsid = | homepage = [http://www.newenergy.is/newenergy/en/ www.newenergy.is] | footnotes = | intl = }}
'''Icelandic New Energy Ltd''' (''Íslensk NýOrka ehf'') is a company founded in 1999 following a decision in 1998 by the [[Alþing|Icelandic Parliament]] to convert vehicles and fishing fleets to hydrogen produced from [[renewable energy]]<ref>[http://www.state.sd.us/puc/pressreleases/pr2003/1010.htm Powering The Plains] {{Webarchive|url=https://web.archive.org/web/20070811073838/http://www.state.sd.us/puc/pressreleases/pr2003/1010.htm |date=2007-08-11 }}, South Dakota Public Utilities Commission, published 2003, accessed 2007-05-14</ref> by 2050.
Icelandic New Energy was formed as a spin-off from the research by the [[University of Iceland]] and was initially 51% owned by [[Vistorka]], with the remainder owned by [[Daimler AG|Daimler]], [[Norsk Hydro]] and [[Shell Hydrogen]].<ref>[http://www.ectos.is/en/icelandic%5Fnew%5Fenergy/owners/ Icelandic New Energy: Owners] {{Webarchive|url=https://web.archive.org/web/20070927091433/http://www.ectos.is/en/icelandic_new_energy/owners/ |date=2007-09-27 }}, accessed 2007-05-14</ref> VistOrka was owned by [[The Icelandic New Business Venture Fund]] (Nýsköpunarsjóður), the Ministry of Industry and Commerce, the national power company [[Landsvirkjun]], [[Orkuveita Reykjavíkur]] (Reykjavík Energy), Hitaveita Suðurnesja, the [[Technological Institute of Iceland]], The Fertilizer Plant (Áburðarverksmiðjan), the [[University of Iceland]] and Reykjavik Resources.<ref>[http://newenergy.is/en/aboutine/vistorka/ Icelandic New Energy: VistOrka] {{Webarchive|url=https://web.archive.org/web/20150505003728/http://newenergy.is/en/aboutine/vistorka/ |date=2015-05-05 }} accessed 2015-05-03</ref>
As of 2024, shareholders include [[Landsvirkjun]], [[Reykjavík Energy]], [[HS Orka]], and the [[Government of Iceland]].
Together with [[SEV (company)|SEV]], and the authorities in the Faroe Islands and [[Greenland]], Icelandic New Energy established the [[North Atlantic Hydrogen Association]] (NAHA) to investigate [[hydrogen technology]].<ref name="history">{{cite news |title=SEV's History |url=http://www.sev.fo/Default.aspx?ID=550 |url-status=dead |archiveurl=https://web.archive.org/web/20120210160504/http://www.sev.fo/Default.aspx?ID=550 |archivedate=2012-02-10 |accessdate=2008-02-13 |publisher=SEV}}</ref> NAHA has been largely inactive since 2020.
In its early years, INE promoted the use of [[hydrogen fuel]] in [[Iceland]] but broadened its scope in 2008 to include other alternative, low- and zero-emission fuels for transport.
Along with partners [https://brintbranchen.dk/en/ Hydrogen Denmark] [https://vatgas.se/en/ Hydrogen Sweden] [https://www.hydrogen.no/en Norwegian Hydrogen Forum] and [https://www.vttresearch.com/fi VTT Finland], INE was also a founding member of the Nordic Hydrogen Partnership (formerly the Scandinavian Hydrogen Highway Partnership (SHHP)) through which it collaborates on a regular basis.
Since its foundation, Icelandic New Energy has managed numerous local, Nordic and EU demonstration projects. INE also engages in energy transition consultancy, educational seminars, and other activities. ==See also== *[[Renewable energy in Iceland]] *[[Hydrogen economy]]
==External links== *[https://newenergy.is/?lang=en Icelandic New Energy]
==References== {{reflist}}
[[Category:Energy companies of Iceland]] [[Category:Hydrogen economy]] [[Category:1999 establishments in Iceland]] [[Category:Energy companies established in 1999]]
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