Icelandic New Energy Co., a research and development consortium in Reykjavik, Iceland-based, is considering its future direction. The installation of the world’s first commercial hydrogen filling station and the coordination of public transport test project, the operation of three hydrogen-powered city buses – The two-person team has reached its first major goal. The company was founded with the primary objective of the investigation of the potential for eventually replacing the use of fossil fue founded … Read more »

Icelandic New Energy Co., a research and development consortium in Reykjavik, Iceland-based, is considering its future direction. The installation of the world’s first commercial hydrogen filling station and the coordination of public transport test project, the operation of three hydrogen-powered city buses – The two-person team has reached its first major goal. The company was founded with the primary objective of the investigation of the potential for eventually replacing the use of fossil fuels in Iceland with hydrogen-based fuels and the creation of the first hydrogen society founded in the world. Royal Dutch Shell (the gas station), Norsk – Working towards the goal of self-sufficiency of fossil fuels was Icelandic New Energy Co. in 1999 and by the Consortium Vistorka three main partners, each contributing a part to set the hydraulic test (the electrolysis technology to make hydrogen) and DaimlerChrysler (fuel cell vehicles with hydrogen fuel cells). The shareholder agreement established with the company in early 1999, will expire in 2005. Outsourced and forgive with all the important activities, the team asked how it could keep the company as a going concern and help, Iceland transition to a hydrogen economy -. A feat that could take more than 15 years
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from
Pratima Bansal,
Ken marks
Jordan Mitchell
Source: Ivey Publishing
33 pages.
Publication Date: Dec 16, 2004. Prod #: 905M01-PDF-ENG
Aim towards a hydrogen economy: Icelandic New Energy Ltd. (Islensk Nyorka) HBR case solution

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