Iceland courts India for geothermal, CCUS, ‘carbon-to-stone’ technologies
According to Jóhann Páll Jóhannsson, Iceland’s Minister for the Energy, Environment and Climate the regulatory in India would not be a challenge and can be overcome.
Iceland is actively courting India for geothermal energy, carbon capture and storage (CCUS), and a novel technology known as "carbon-to-stone" (Carbfix). Jóhann Páll Jóhannsson, Iceland’s Minister for the Energy, Environment, and Climate, discussed these potential partnerships with The Hindu during a visit to New Delhi.
Iceland is confident that India's evolving regulatory environment for geothermal energy can be navigated, with the country's legal expertise ready to assist. Geothermal energy currently accounts for around 30% of Iceland's electricity generation.
Iceland sees India's geothermal potential as substantial, estimating about 10.6 GW, and believes that India's National Policy on Geothermal Energy paves the way for collaboration. The minister expressed optimism about the prospect of a partnership that could significantly advance geothermal energy development in India.
Additionally, Iceland is exploring "next-generation geothermal utilisation", a technology that could potentially boost the productivity of each borehole by up to ten times, presenting a game-changing opportunity for India, especially considering its large population.
Iceland is also keen to share its "tried and tested" Carbfix technology with India. This technology converts captured carbon dioxide into stone, with potential applications in carbon-intensive sectors like cement and steel. The minister highlighted the potential for collaborative growth between Iceland and India, emphasizing that Iceland's capabilities could be amplified through a strong partnership.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
