Iceland’s economy runs hot and then cold—and then hot and cold again! And Icelanders like it that way. Created from a volcano more than 50million years ago, Iceland’s environment is one of the harshest yet one of the kindest when it comes to energy. The island nation sits atop this natural heat pack and is, as a result, poised to become the first country in the world to run 100% on renewable energy. This is because the volcano is still active bubbling and ulcerating perpetually altering the landscape.
The Icelandic people extract warm water and store it in tanks to provide an unlimited supply of free central heating. The heated water is extracted and placed into tanks where it is converted to steam. The pressurized steam then turns the turbines, which operate the country’s geothermal power stations providing electricity to the people and businesses of Iceland.
This is very important for high tech companies that require an enormous amount of power to operate their equipment. In fact, more than half of the energy required to operate their computer servers and other high tech equipment is in the form of cooling equipment to temper the heat generated by the computers for their operation. Technology giants are beginning to get it. Facebook has relocated its server farm to Sweden and Google is operating out of Finland. This leaves other companies like Microsoft, Apple, Amazon and IBM to speculate.