Orkuveita ReykjavÃÂkur (; English: ReykjavÃÂk Energy) is an Icelandic energy and utility company that provides electricity, geothermal district heating, mains water, sewage and telecommunications services through its subsidiaries. The company's service area extends to 20 communities in the south-west part of Iceland. The company is owned by the City of ReykjavÃÂk (93.5%) and the Municipalities of Akranes (5.5%) and Borgarbyggð (1%).
Orkuveita ReykjavÃÂkur (Reykjavik Energy) was established 1 January 1999, by uniting Rafmagnsveita ReykjavÃÂkur (ReykjavÃÂk Electricity) and Hitaveita ReykjavÃÂkur (ReykjavÃÂk District Heating). Rafmagnsveita ReykjavÃÂkur was established in the year 1921. Hitaveita ReykjavÃÂkur became an independent company in 1946, having been in operation as a public entity since 1930. In the year 2000 Vatnsveita ReykjavÃÂkur (ReykjavÃÂk Water) was united with Orkuveita ReykjavÃÂkur, but the former started operation 16 June 1909.
Orkuveita ReykjavÃÂkur was obliged by law to unbundle its electricity operations by January 1, 2014. Thus came about the subsidiaries Orka náttúrunnar ohf. (ON Power) and Veitur ohf. (Veitur Utilities), thereby splitting electricity generation and distribution.
In 2007, Gagnaveita ReykjavÃÂkur (ReykjavÃÂk Fibre Network) commenced operations, later renamed to Ljósleiðarinn (The Fibre), providing wholesale-access fibre connectivity to homes and businesses. Carbfix, founded in 2007, is a subsidiary that aims to develop a cost-effective approach to permanently storing CO<sub>2</sub> by dissolving it in water and injecting it into basaltic rocks.
Orkuveita ReykjavÃÂkur owns and operates the Nesjavellir and Hellisheiði geothermal power stations. The plants are cogeneration plants (CHP) provide both electricity and hot water to industries and households in the ReykjavÃÂk capital area. 99% of housing in this area is heated with hot water provided by geothermal sources. Both plants are situated in the Hengill region; an active volcanic ridge.
The board of directors at Orkuveita ReykjavÃÂkur is appointed by the ReykjavÃÂk and Akranes City Councils. ReykjavÃÂk appoints five members and Akranes appoints one. The Borgarbyggð Council appoints an attending representative. As of 2014, Dr. Brynhildur Davidsdottir is Orkuveita ReykjavÃÂkur's chairman of the board. Bjarni Bjarnason is CEO.