GeoSalmo environmental assessment confirmed

GeoSalmo breaks ground

Yesterday, GeoSalmo broke ground on its new state-of-the-art hybrid flow-through salmon farm located west of Þorlákshöfn.

GeoSalmo completes financing round

GeoSalmo has completed a financing round of 13.4 million EUR with the participation of Norwegian, Swedish, Icelandic and Dutch investors. The funding enables the Icelandic company to initiate construction of its state-of-the-art hybrid flow-through salmon farm in Iceland along with continuing other development activities.

ON Power and GeoSalmo Agree on Purchase of Electricity

ON Power and GeoSalmo have successfully secured a contract to acquire up to 28 MW of electricity for their land-based salmon farm located in Þorlákshöfn. This agreement is a testament to both companies' unwavering commitment to environmental consciousness and sustainability.

GeoSalmo environmental assessment confirmed

Artec Aqua starts detail engineering phase

Earlier this month Artec Aqua and GeoSalmo held a kick-off meeting for the last phase of the design process of the joint project. The two companies signed a turnkey contract for the build of a 24,000-ton land-based farm, its first phase intended to produce 7,500 tons of salmon. The technology in the station is a mixed through-flow system that ensures best water quality with minimal interventions.

Landsvirkjun aims to sell electricity to GeoSalmo

Landsvirkjun and GeoSalmo have signed a Term Sheet (TS) for electricity sales to the salmon farming company currently preparing a land-based salmon aquaculture in the vicinity of Þorlákshöfn. The TS states that the companies agree on the pending Power Purchase Agreement (PPA) rationale. GeoSalmo’s plans fit well with Landsvirkjun’s prioritisation in energy sales for the coming years, as GeoSalmo utilises Icelandic resources to produce high value, sustainable, climate-friendly, and nutritious salmon for consumption.

Five new employees at GeoSalmo

Five new employees have started working at GeoSalmo and join the company’s well-advanced preparation for the construction of its fish farm in Ölfus, near Þorlákshöfn. Construction is expected to begin in the first half of next year.

GeoSalmo and Artec Aqua sign an agreement for the construction of a fish farm in Ölfus

GeoSalmo has signed a contract with the Norwegian company Artec Aqua for the design and development of its salmon farm on land in Ölfus, near Þorlákshöfn. GeoSalmo aims to build a 24,000-ton land-based farm, and the contract stipulates the development of its first phase, which is intended to produce 7,300 tons of whole salmon. The total value of the contract is between ISK 21-25 billion and covers the design, equipment, and structure of the station itself.

GeoSalmo’s residents meeting in Þorlákshöfn

GeoSalmo held a residents’ meeting in Ölfus town hall in Þorlákshöfn on Wednesday, December 14th, and presented its plans for a land-based fish farming facility in the area. The purpose of the meeting was to present the main topics from the environmental assessment report which the company recently published, as well as to introduce the company and its future plans. Jens Þórðarsson, CEO, gave a presentation on behalf of the company. The meeting was well attended and sparked good conversations. GeoSalmo´s staff was present and available for the meeting's attendees for further questions at the end of the presentation.