Orkuveita Reykjavikur - Company Profile
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Orkuveita Reykjavikur (Orkuveita) is a public utility company that provides essential services such as electricity, geothermal water for heating, and cold water for consumption and firefighting. The company's major products and services include electricity sales, geothermal heating, sewage services, and high-speed internet connections through fiber optics. Notable brands associated with Orkuveita include its subsidiaries Veitur Utilities, ON Power, and Reykjavik Fiber Network. Orkuveita operates a distribution network that includes the collection and distribution of cold water and the management of a sewerage system. Its geographic service area primarily covers the Reykjavík city area, extending to the southern and western parts of Iceland. Orkuveita Reykjavikur is headquartered in Reykjavik, Iceland.
Headquarters
Iceland
Address
Baejarhalsi 1, Reykjavik, 110
Website
https://www.orkuveitan.is/
Telephone
354 516 6100
No of Employees
606
Industry
Alternative Energy
Revenue (2025)
$535.7M
Orkuveita Reykjavikur premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Operation of Sewage System |
| Geothermal Water for Heating | Distribution of Electricity |
| Cold Water for Consumption | Distribution of Water |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In February 2026, the company entered partnership with Olfus cluster for research and development of energy transition. |
| 2025 | Contracts/Agreements | In January, the company signed agreements with Kvika banki hf., Landsbankinn hf. and Fossar Investment Bank hf., on market making in the secondary market for bonds issued. |
| 2014 | Corporate Changes/Expansions | In January, Orkuveita established two new subsidiaries. One of the two subsidiaries produces and sells power and other subsidiary owns and operates the regulated utility services; cold water, geothermal district heating, sewerage and electricity distribution. |
Competitor Comparison
| Key Parameters | Orkuveita Reykjavikur | Geoterm Company Limited | Hitaveita Sudurnesja hf | Landsvirkjun Power ehf | RARIK Ohf |
|---|---|---|---|---|---|
| Headquarters | Iceland | Iceland | Iceland | Ireland | Iceland |
| City | Reykjavik | - | Reykjanesbaer | Reykjavik | Reykjavik |
| No. of Employees | 606 | - | 130 | 40 | - |
| Entity Type | Private | Private | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Snorri Hafsteinn Þorkelsson | Chief Financial Officer | Senior Management | - | - |
| Elin Smaradottir | Chief Legal Officer | Senior Management | - | - |
| Skuli Helgason | Vice Chairman | Executive Board | - | - |
| Vala Valtysdottir | Vice Chairman | Executive Board | - | - |
| Hera Grimsdottir | Managing Director | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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