Geysir Green Energy Information

Geysir Green Energy (http://www.geysirgreenenergy.com), a leading geothermal energy company in the renewable industry, participates in exploration, development, construction and operation of geothermal resources worldwide. Geysir seeks leading market opportunities in the harnessing of geothermal energy and has invested around US$650 million in geothermal businesses and projects around the world. Building on its extensive experience from the Icelandic geothermal arena, Geysir's objective is to help develop sustainable energy production over the coming decades. Geysir's main assets, after the Magma transaction, are a 55 percent share in HS Orka (which will be 52 percent if Magma executes its option to buy new shares and infuse US$15 million into the business) and a 100 percent ownership of Iceland Drilling Ltd. Geysir has worked successfully at developing geothermal heating utility projects in China and is undertaking geothermal power projects in Germany, the United States and the Philippines. Enex, a subsidiary of Geysir, completed the construction of a 9.3 MW geothermal binary power plant in El Salvador in 2009. The plant became the first geothermal power plant completely designed and constructed abroad by an Icelandic company. Geysir is a founding shareholder of Keilir, an educational institution at the university level that provides hands-on courses in mechatronics and geothermal science in Iceland.