Alice Group AS

Alice Group has the ambition to become the industry leader in providing premium quality algae to high value applications. With our proven production capabilities and leading technology we have a unique position in a fast growing market.

Alice Group’s high quality algae products and indoor raceway solution are highly innovative and reduces contamination issues to an absolute minimum.

Our environmental friendly facilities has access to low cost electricity produced from renewable resources. Abundance of fresh cold water and instant hot water enables enhanced temperature of the cultivation process for all stages of the post processing.

The production plant concept is based on a continuous production 24/7 all year round and enables dramatic increase in production per square meter. To maximize growth of the algae an ideal indoor environment is created – using unique natural resources, Alice growth system, artificial growth light and geothermal heat.

Location: Norway and Iceland
Founded: 2012
Sector: Biotech
Website: www.alicegroupas.com

Co-founders: Skuli Johannsson and Hakon Skulason
Status: Shareholders, management and one seat on the board of directors

Green Energy Geothermal LTD

Headquartered in the UK but with its operational hub in Reykjavik, Iceland, Green Energy Geothermal (GEG) designs, constructs, ships, installs, commissions, operates and maintains geothermal (“flash”) well-head, modular and low-cost electricity generation, transmission and distribution systems. Its unique turnkey product, with its standardized design and prefabricated modules, is transported in standard ISO containers.

GEG focuses on geothermal wellhead power plants ranging in power output from 3.5MW to 11MW. The Company combines word-class Icelandic geothermal expertise with a low-cost, flexible and global manufacturing supply chain. GEG’s technology enables developers, utilities and independent power producers to shorten significantly the time between exploration and revenue generation in geothermal projects, thereby enhancing their return on investment.

Location: UK
Founded: 2008
Sector: Mechanical engineering
Website: www.geg.co.uk

Co-founders: Skuli Johannsson and Hakon Skulason
Status: shareholders

Previous projects:

Rio ehf – home delivery management system – sold in 2007 to Midi.is ehf
Midi.is ehf – online ticket management system – the company was sold in 2006 to Nysir hf