We offer quick development and deployment of new power plants, at a low cost
We provide a high degree of integration with off-takers of our waste heat, as well as our produced electricity
We always develop our power plants in close cooperation with the local communities
UN Global Sustainability Goals
Varmaorka vision of also aspires to the UN Global Sustainability Goals
Affordable and clean energy
Varmaorka will produce geothermal electricity, which is a clean, renewable resource, in a sustainable and environmentally friendly way.
Decent work and economic growth
Varmaorka will provide jobs for people with higher education during the development period. Varmaorka’s projects will support economic growth since it’s undisputed that production of electricity promotes economic growth.
Industry, innovation and infrastructure
The projects are development projects and the goal is to develop and build more geothermal power plants that will support other job creation.
Sustainable cities and communities
The production of electricity in the local area contributes to a more sustainable society, i.e. the areas will to a lesser extent have to rely on electricity from faraway locations. This will also reduce the load on the electricity distribution system.
Our team has diverse experience and know-how which is useful in Varmaorka’s projects
Ragnar Sær Ragnarsson
Chief Operating Officer
Hjörleifur Þór Steingrímsson
Technical Support Specialist
Chairman of the Board
Varmaorka works closely with one of our largest and most active shareholders, Baseload Capital in Sweden. Baseload Capital deploys heat power plants worldwide and supports our local team with financing, market research and technology knowledge.