Sign in

Private company

Orkuveita Reykjavíkur

Icelandic energy and utility company

Orkuveita Reykjavíkur (Icelandic pronunciation:; English: Reykjavík Energy) is an Icelandic energy and utility company that provides electricity, geothermal district heating, mains water, sewage and telecommunications services through its subsidiaries. The company's service area extends to 20 communities in the south-west part of Iceland. The company is owned by the City of Reykjavík (93.5%) and the Municipalities of Akranes (5.5%) and Borgarbyggð (1%).2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Jan 1999Founded1
  • HeadquartersReykjavík1
  • Websitewww.or.is/en
  • Legal formSamlagshlutafélag3
  • LEI5493004ARP9VPUIX5B733
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressBæjarhálsi 1, 110 Reykjavík, Iceland3
  • Registered withDirectorate of Internal Revenu, 55129830293

See how the biggest companies compare on our leaderboards

NesjavellirPowerPlant edit2
Photo: Gretar Ívarsson – Edited by Fir0002, Public domain, via Wikimedia Commons5

Orkuveita Reykjavíkur (Icelandic pronunciation: [ˈɔr̥kʏˌveiːta ˈreiːcaˌviːkʏr̥]; English: Reykjavík Energy) is an Icelandic energy and utility company that provides electricity, geothermal district heating, mains water, sewage and telecommunications services through its subsidiaries. The company's service area extends to 20 communities in the south-west part of Iceland. The company is owned by the City of Reykjavík (93.5%) and the Municipalities of Akranes (5.5%) and Borgarbyggð (1%).2

Corporate structure

Orkuveita Reykjavíkur sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Orkuveita Reykjavíkur reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Orkuveita Reykjavíkur (Reykjavik Energy) was established 1 January 1999, by uniting Rafmagnsveita Reykjavíkur (Reykjavík Electricity) and Hitaveita Reykjavíkur (Reykjavík District Heating). Rafmagnsveita Reykjavíkur was established in the year 1921. Hitaveita Reykjavíkur became an independent company in 1946, having been in operation as a public entity since 1930. In the year 2000 Vatnsveita Reykjavíkur (Reykjavík Water) was united with Orkuveita Reykjavíkur, but the former started operation 16 June 1909.

Orkuveita Reykjavíkur was obliged by law to unbundle its electricity operations by January 1, 2014. Thus came about the subsidiaries Orka náttúrunnar ohf. (ON Power) and Veitur ohf. (Veitur Utilities), thereby splitting electricity generation and distribution.

Other subsidiaries

In 2007, Gagnaveita Reykjavíkur (Reykjavík Fibre Network) commenced operations, later renamed to Ljósleiðarinn (The Fibre), providing wholesale-access fibre connectivity to homes and businesses. Carbfix, founded in 2007, is a subsidiary that aims to develop a cost-effective approach to permanently storing CO2 by dissolving it in water and injecting it into basaltic rocks.

From Wikipedia’s article on Orkuveita Reykjavíkur, shared under CC BY-SA 4.0.4

Products and brands

Orkuveita Reykjavíkur owns and operates the Nesjavellir and Hellisheiði geothermal power stations. The plants are cogeneration plants (CHP) provide both electricity and hot water to industries and households in the Reykjavík capital area. 99% of housing in this area is heated with hot water provided by geothermal sources. Both plants are situated in the Hengill region; an active volcanic ridge.

From Wikipedia’s article on Orkuveita Reykjavíkur, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

  • Reykjavík

Also owns

From Wikidata.1

Timeline

  1. Jan 1999Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5