Industry clusters

Iceland Renewable Energy Cluster

The main role of the Renewable Energy Cluster is to increase competitiveness of its members. The cluster is the joint platform for companies that take part in the Iceland energy sector. With in the cluster you there power companies, consulting companies, manufacturing-, maintenance- and service companies, universities and public entities  to name few. The energy cluster represents all major stakeholders of the energy sector value chain. 

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In October 2009, steps were taken to establish a energy cluster in Iceland. The mapping of the cluster was supported by a diverse group of companies and conducted by Professor Michael Porter and his team at Harvard Business School, US, and coordinated by the Icelandic consultancy company. The output of the mapping process was a recommendation for an optimal path to strengthen the infrastructure within the geothermal sector in Iceland by formalizing a cluster initiative. Since that time the scope of the cluster has been expanded to all nonrenewable technologies in Iceland. The main aim of the cluster is:

  • Support innovation by; creation of startups and driving research and development.
  • Protect and strengthen the image of Iceland as the land of renewable energy resources.
  • Improve value creation, competence and capabilities of its members.
  • Drive development and export of specialized products and services as protect intellectual property.
  • Expand the business network of its members; increase information flow between the energy sector, government and society. 

The energy cluster objective is to increase cooperativeness of its members

The cluster has from the begging had closed collaboration with the Icelandic Government, its ministries and agencies. To day the cluster is part of a joint effort by Icelandic industries and Government to promote Iceland´s contribution to combat climate change. Additionally the cluster and selected ministries have a formal platform to discuss the the development of the energy sector and international challenges. 

International collaboration - 

Contact Person

Alexander Richter

Managing Director


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