AGP Executive Report
Last update: 4 hours agoGeothermal Expansion: ISOR and a drilling rig from Flói og Skeiði have completed a new 792-metre geothermal production well at Áshildarmýri, boosting local heat supply for Hitaveitu Kílhrauns; early results point to flow rates over 50 L/s at about 80°C, supporting a growing residential and leisure complex. Aviation & Decarbonisation: Swedish electric aircraft maker Heart Aerospace says it plans an Iceland demonstration flight for its X1 after further development; the company is also targeting lower-cost regional flying with the ES-30, and Icelandair has signed a letter of intent for five ES-30s. Aquaculture Tech Demand: AKVA group reported record Q2 2026 EBITDA and strong order intake, citing momentum across sea- and land-based farming, including a EUR 28m smolt contract linked to Icelandic land-based salmon firm Laxey. Mining Logistics in Greenland: Greenland Mines says its 2026 bathymetric survey at Skaergaard is complete and already used to anchor a support vessel near the mineralized zone, with multibeam coverage across key fjords and progress toward next development-phase planning. Travel Distribution Tech: Farenexus partnered with Icelandair to support its NDC program, providing onboarding automation, technical support, and quality validation tools for travel sellers.
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