About us

Our vision

We provide clean and renewable geothermal energy, while supporting local job creation and reducing the load on the energy distribution system.

Our mission

Varmaorka develops and operates sustainable, small-scale geothermal energy sources, in close cooperation with the local communities in Iceland.

UN Global Sustainability Goals

Varmaorka's vision aspires to the UN Global Sustainability Goals

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Affordable and clean energy

Varmaorka will produce geothermal electricity and heat, which is a clean, reliable, renewable and sustainable form of energy.

Decent work and economic growth

Decent work and economic growth

Varmaorka will provide jobs for people with higher education during the development period. Varmaorka’s projects will promote sustained, inclusive and sustainable economic growth thanks to greater access of energy.

Industry, innovation and infrastructure

Industry, innovation and infrastructure

The development of new geothermal projects will help foster and innovate the industrial sector at local and international level. New key infrastructure will be developed for local communities and support involvement of new partnerships and job creation.

Sustainable cities and communities

Sustainable cities and communities

The production of energy in the local area makes communities more resilient and sustainable. This avoids relying on energy from faraway locations and prevents being dependent on fluctuating market prices. This will also reduce the load on the national electricity distribution system, promoting local networks.

Our team has diverse experience and know-how which is useful in Varmaorka’s projects

Ragnar Sær Ragnarsson

Director of Business Development

Ragnar Sær Ragnarsson

ragnar@varmaorka.is
+354 861 7227

Was the general manager of Icelandic municipalities, in Biskupstungur and later Blaskogabyggd, for eight years. Following his time in office at Blaskogabyggd, Ragnar was the Managing Director at one of Iceland‘s leading architecture firms as well as developing real estate projects. Ragnar has a degree in teaching and has also completed degrees in operations, business and public administration, from the University of Iceland.

Anders Bäckström

Interim Managing Director

Anders Bäckström

anders@varmaorka.is

Anders is an serial entrepreneur with more than 15 years of international Management Consulting experience. Anders has a solid track record of business development and management, both as Partner in his own advisory firm and from numerous interim assignments across Europe and Asia.

Ívar Helgason

Plant Manager

Ívar Helgason

ivar@varmaorka.is
+354 844 1224

Ívar holds a Diploma in Technical business administration, a Diploma in Mechanical science from Reykjavik University, as well as an IPMA certificate. He has extensive knowledge of the energy sector and the civil engineering of power plants, amongst others Nesjavellir, Hellisheiði and Þeistareykir.

Hjörleifur Þór Steingrímsson

Technical Support Specialist

Hjörleifur Þór Steingrímsson

hjorleifur@varmaorka.is
+354 6596243

Hjörleifur is an experienced project developer with a demonstrated history from the machinery industry. He has a Bachelor´s degree in Applied Mechanical and Energy Engineering from Reykjavik University, where he was also part of the Formula Student team. He is currently enrolled into a Sustainable Energy Engineering Master program at the Icelandic School of Energy.

Hermann Baldursson

Director of Finance

Hermann Baldursson

hermann@varmaorka.is
+354 690 0611

Is a Partner at Centra Corporate Finance. He has an MBA from Michigan State University and a B.Sc. degree in Economics from the University of Iceland. He has a wealth of experience in corporate finance work relating to renewable energy and geothermal projects, including valuation, profitability assessments, financing and fundraising.

Dario Ingi Di Rienzo

Geologist

Dario Ingi Di Rienzo

dario@varmaorka.is
+354 611 6036

Dario has a Master's (MSc.) degree in Geology from the University of Iceland, a Bachelor's (BSc.) degree in Geology from The University of Edinburgh. He is also a Master graduate from the Geoscience for Energy Eni Master School at Eni Corporate University in Milano. He has most recently worked as Wellsite Geologist at Enel Green Power at their current projects in and around Tuscany, Italy

Jón Örn Jónsson

Project Manager

Jón Örn Jónsson

jon@varmaorka.is
+354 864 6668

Jon is an experienced energy and infrastructure project manager, delivering complex projects and business development in East Africa and Asia. He has a M.Sc. degree in Sustainable Energy and Business from Reykjavik University, and a Master's in Project Management from the University of Iceland. Previously, he was the Country Manager in Ethiopia for Reykjavik Geothermal, providing strategic and managerial leadership for successful implementation of assigned project activities.

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.

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Katrínartún 2, 17th floor, 105 Reykjavík
info@varmaorka.is
500817-1430

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