Landsvirkjun to Provide Power for New Data Center in Iceland Owned by a Subsidiary of Etix Everywhere Borealis

Landsvirkjun and Etix Everywhere Iceland, a subsidiary of Etix Everywhere Borealis, have signed a power contract for the supply of 25 MW to the company’s new data center in the Blönduós municipality in the North of Iceland. Operations have already begun in Blönduós and construction work to expand the data center is currently underway. The center will be the first energy-intensive industrial operation to connect to Landsnet’s transmission network in the area.

Etix Everywhere Borealis is part of Iceland’s fast-growing data industry and its subsidiary, Etix Everywhere Iceland, will become Landsvirkjun's third client in the industry. Etix Everywhere Borealis has expanded its operations rapidly: It already operates a data center in Reykjanesbær in the south of Iceland and the Blönduós facility will be the largest data center the company is involved with on the island. The company currently offers “competitive solutions for HPC and Blockchain infrastructure," and will eventually also offer total hosting capacity of about 30,000 servers, thanks to its wholly or partly-owned data centers.

A combination of renewable energy resources, competitive terms and the Icelandic climate contribute to creating favorable conditions for data centers in Iceland.  Natural cooling means that equipment cooling costs are minimal and operating the centers is therefore more efficient in Iceland than it would be elsewhere.

The energy covered by the agreement will be delivered from Landsvirkjun's current power station network. Landsvirkjun has recently opened a new geothermal station in Þeistareykir in the Northeast of Iceland and a second hydropower station in Búrfell (Búrfell II) in South Iceland. The company now operates 15 hydropower stations, three geothermal stations and two wind turbines. The ratification of the contract is subject to certain conditions.

Hörður Arnarson, CEO at Landsvirkjun:
“Demand for energy from Landsvirkjun, generated from renewable natural resources, continues to grow and we look forward to inviting another flourishing company to our already well-established group of international customers. The agreement confirms Iceland's competitiveness in the global electricity market, reinforcing Landsvirkjun’s operations and supporting the growth of industry in Iceland.”

Björn Brynjúlfsson, CEO at Etix Everywhere Borealis:
"We are in the process of developing a new generation of data centers, utilising Icelandic environmental conditions and our own expertise in the design and development of data solutions. The development of the Blönduós project is a purposeful step in reducing our customers' environmental footprint and the power terms in the contract allow for substantial expansion.”

Source: Landsvirkjun
Date: Dec 20, 2018