What does a country do when it has too much clean energy?
If a country has an overabundance of a globally coveted product, should it export it or keep the product for its own use? That is the question that Icelanders are grappling with regarding to the country’s vast and overabundant supply of clean energy.
During the course of the 20th century, Iceland went from what was one of Europe’s poorest countries, dependent upon peat and imported coal for its energy, to a country with a high standard of living where practically all stationary energy is derived from renewable resources. In 2014, roughly 85% of primary energy use in Iceland came from indigenous renewable resources. Thereof 66% was from geothermal.
Today, about 9/10 households are heated with geothermal energy.