| Title | Drilling Toward Success: ON Power’s Multi-Well Journey |
|---|---|
| Authors | Árni Hrannar Haraldsson, Lilja Björk Haukdsdóttir, Gunnlaugur Brjánn Haraldsson, Alexandra Einarsdóttir |
| Year | 2026 |
| Conference | World Geothermal Congress |
| Keywords | |
| Abstract | ON Power is one of Iceland’s leading energy providers, delivering sustainable geothermal power and hot water to homes and businesses in Iceland. Situated in a geologically active region, ON Power leverages Iceland’s unique natural advantage to support a clean energy future—locally and globally. In response to growing demand, aging infrastructure, and the need for innovation, ON Power is launching a high-impact development campaign: drilling at least eight new geothermal wells in just two years. This scale and pace present a significant commercial and operational challenge. Success requires more than engineering—it demands strategic planning, agility, and collaboration across technical, regulatory, and environmental boundaries. The campaign integrates routine production drilling with forward-looking research and development, creating a dynamic blend of proven methods and exploration into deeper, high-enthalpy zones. It brings clear opportunities but also considerable hurdles: complex geology, extreme weather, limited seasonal drilling windows, and evolving legislative frameworks all test the pace and cost-effectiveness of the program. What makes this effort stand out is not only the ambition, but the Icelandic context—a supportive public, deep geothermal expertise, and a national commitment to renewable energy. The initiative positions ON Power as both a steady utility provider and a bold innovator in the geothermal space. Looking forward, ON Power is investing in advanced drilling technologies, hybrid energy systems, and deep geothermal research, while navigating a landscape that requires both technical precision and business resilience. All of this seen from the eyes of the CEO. |