Icelandic Engineering Firm Signs US Energy Deal Skip to content

Icelandic Engineering Firm Signs US Energy Deal

Icelandic firm Mannvit Engineering announced yesterday the signing of an agreement with international engineering company Technip to cooperate on the development of a geothermal energy harnessing project in the US.

Harnessing geothermal energy in Iceland. Photo by Páll Stefánsson.

The purpose of their cooperation is to offer everyone working on development in the field of geothermal energy service in regard to consultancy of project management, research, drilling, design and construction management on geothermal power plants, a Mannvit press release described.

According to Runólfur Maack, Mannvit’s deputy CEO, who is responsible for overseas operations, said the agreement opens a path into this interesting market.

“Nowhere in the world has as much geothermal energy been harnessed as in the US. Now there is an initiative taking place on doing better and therefore the cooperation [with Technip] has many opportunities for us,” Maack said.

Technip is a world leader in project management, design and construction management. The company mainly works in the oil and gas industries but through the agreement with Mannvit, the company intends to expand its operations into geothermal energy.

Technip employs 23,000 people in 46 countries and intends to use its Claremont office for developing geothermal energy harnessing in the US.

Click here to read more about energy cooperation between Iceland and the US.

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