Nearly 5 km underground for rocks over 300C to deliver 24/7 energy: project draws $280 million
The project would add new geothermal energy capacity if completed, increasing future electricity supply.
Source →The trace
How it reaches your house.
Starting from Landsvirkjun (National Power Company of Iceland), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Landsvirkjun (National Power Company of Iceland) →supply upElectricity (electrolytic refining)
If Landsvirkjun completes the geothermal expansion, its future electricity output rises, modestly increasing electricity available to electrolytic refining, though the transmission is limited by the small 1.5% market share.
78% confidenceGrid Electricity for PGM Smelting (South Africa / Russia) →supply upPalladium and platinum group metals
Grid electricity is a critical input to PGM smelting, so added geothermal power capacity should ease the electricity constraint and support higher PGM output.
62% confidenceHop 2
Electricity (electrolytic refining) →supply up
Where it lands
What you buy, and what you own.
Goods you buy
Palladium and platinum group metals · Copper and electrical wiring
Companies you may own
Landsvirkjun (National Power Company of Iceland)
Tap a company to see what it told the SEC could break it.
In the MyPRIA app, this is checked against your own holdings.