en.Wedoany.com Reported - Icelandic energy company Reykjavik Energy (Orkuveitan) has discovered a new geothermal resource area in the Meitlar region of Hellisheidi. CEO Saevar Freyr Thráinsson stated in an interview with an Icelandic radio station that two wells with temperatures of approximately 275 °C have been drilled, and a third well is planned to confirm the resource's scale and feasibility. The discovery is located near one of Iceland's largest geothermal facilities, the Hellisheidi power plant, and is the result of about a decade of exploration.

Thráinsson said, “This is located in Hellisheidi, more specifically in Meitlar.” He added that confirmation from the third well would be a significant breakthrough for Iceland's energy sector. The resource could meet the heating needs of the equivalent of approximately 110,000 residents for the next 12 years, while the high-temperature resource could also be used for electricity generation, increasing added value. Reykjavik Energy plans to invest approximately 230 billion Icelandic króna (approximately €1.6 billion) in its entire operations over the next five years.

The company is also advancing deep drilling projects, aiming to reach depths of 2.5 kilometers in areas such as Nesjavellir, with temperatures exceeding 400 °C, and is collaborating with international partners, securing European funding. Meanwhile, research is being conducted to remove minerals from geothermal fluids, which could potentially boost heat recovery efficiency by 30%. This discovery coincides with a period of intensive activity in Iceland's geothermal sector, including new drilling and policy initiatives.

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