Wedoany.com Report on Feb 5th, The Icelandic utility company Veitur has announced that it will commence geothermal exploration drilling work in the town of Akureyri by the end of May or early June this year. This exploration aims to find geothermal resources for the town's heating system to support sustainable energy development.

Since the 1950s, multiple drilling operations have been conducted in the Akureyri area, confirming the presence of geothermal resources. However, previous boreholes drilled to a depth of 1,400 meters, while showing temperatures reaching 140°C, failed to find water. This new project is expected to address this critical issue.

In collaboration with the Icelandic Geological Survey (ISOR), Veitur has identified two potential sites, Skarðsbraut and Jaðarsbakki, which are believed to possess both heat and hot water. The company has decided to proceed with drilling first at Jaðarsbakki, a location near the older neighborhood of Jaðarsbraut.

The project is scheduled for public display from February 4 to March 4, during which public feedback will be collected through a planning portal. Previously, Veitur's CEO, Sólrún Kristjánsdóttir, presented the company's progress on the peninsula to the local community at a residents' meeting in Akureyri and discussed the geothermal exploration drilling plans in detail.

Veitur continues to promote geothermal exploration projects in various parts of Iceland. Recent reports also highlighted its work in Reykir, Mosfellsbær, to increase the heating supply to Reykjavik, as well as the drilling of new wells in the Hveragerði area. Additionally, the company is involved in the expansion project of the Hellisheiði geothermal power plant, further expanding its footprint in the geothermal energy sector.