The Helguvík facility was founded in 2021 by Auður Nanna Baldvinsdóttir and Gylfi Már Geirsson to develop commercial-scale green hydrogen and e-fuel production in Iceland.
Both founders come from Landsvirkjun, Iceland’s national power company, where they worked on hydrogen business development and industrial power procurement respectively. The company’s mission is to harness Iceland’s renewable energy advantage to produce synthetic aviation fuel at a scale that matters: 65,000 tonnes per year from a 300 MW facility at Helguvík Harbour, 6 kilometres from Keflavík International Airport.
The name Iðunn comes from the Norse goddess of renewal and eternal youth. H₂ is hydrogen. Together, they represent what we are building: renewing aviation fuel through green hydrogen.