How Iceland Extracts CO2 From The Air, Geothermal - "Begga" Olafsdottir, CEO of ON Power, Iceland
Release Date: 05/18/2023
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info_outline“At ON Power, we operate three power plants… and combined we produce just under 20% of the energy produced in Iceland…. We are removing carbon from our operations. So… there are low emissions associated with the production ther, from our operations. There's around seven grams of CO2 per produced kilowatt hour, compared to 800, if you produce the electricity using coal.”…Plus, we have been operating a carbon removal station, since then, mineralizing and removing from the atmosphere just over 10,000 tons (of emissions) a year.”
Begga Olafsdottir on Electric Ladies Podcast
To expand on a CBS News’ “60 Minutes” segment this past weekend on how Iceland is capturing CO2 and storing it underground, here is a replay of an in-depth interview I did in Iceland last year about this issue, and how this small Arctic country became an 85% renewable energy economy.
Listen to this fascinating interview, live in Reykjavik, Iceland, with Berglind “Begga” Olafdottir, CEO of ON Power , with Electric Ladies Podcast host Joan Michelson. ON Power operates the largest geothermal plant in the country, which produces 20% of the total energy Iceland produces. It’s also partnering with its sister company Carbfix to remove CO2 from the air.
You'll hear:
- How ON Power captures the CO2 it emits and mineralizes it.
- How ON Power is partnering with its sister company Carbfix and with Climeworks to bring ground-breaking technology to market that captures CO2 from the air. not just their own emissions.
- About their business parks that only take tenants that can share products and byproducts of other tenants, creating a circular economy in each park.
- How geothermal energy works in Iceland.
- Plus, great career advice....such as:
“Women, we have a tendency of underestimating ourselves in general, and I think my advice would be that, if you’re mid- career and you want to take a step up in the corporate ladder…I think it's important for women not to discount their experience and the knowledge. Try to be a bit bold. If you're applying for something that is advertised, don't not submit the application because you don't check all the boxes, because people are also hired on potential….and you might be the right person.” Berglind “Begga” Olafsdottir on Electric Ladies Podcast
You'll also like:
- Halla Hrund Logadottir, Director-General, Iceland’s National Energy Authority, on how the country has become 85% renewable energy.
- Birta Kristin Helgadottir, Director of Green By Iceland, on their unique business parks that are each circular economies.
- Sarah Golden, VP of Energy at Greenbiz, on how geothermal energy works (Sarah traveled to Iceland with Joan in 2022)
- Kathryn Pavlovsky, Deloitte Energy, Resources & Industrials, on the energy transformation and ESG
- Jennifer Gerbi, Ph.D., Deputy Director and Acting Director, ARPA-E, the innovation arm of the Department of Energy
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