Arctic Energy Frontiers: A Strategic Analysis of the Energy Industry in Greenland, Iceland, and the Faroe Islands

Regional Overview: Three Distinct Pathways to Energy Transformation

The energy industry in Greenland, Iceland, and the Faroe Islands is at a pivotal moment in 2026. Iceland continues to lead the world in geothermal innovation and green energy exports, pioneering breakthrough technologies like geothermal-integrated SOEC hydrogen production that could transform the economics of sustainable aviation fuel.

As of June 27, 2026, the energy industries across Greenland, Iceland, and the Faroe Islands are advancing along three distinct yet interconnected trajectories that reflect their unique geographic, geological, and geopolitical circumstances. Iceland continues to cement its position as a global leader in geothermal innovation and green energy exports, leveraging its nearly 100% renewable electricity grid to attract energy-intensive industries and pioneer next-generation fuel technologies. The Faroe Islands are aggressively scaling virtual power plants, tidal arrays, and smart grid solutions in their determined march toward a 100% green electricity target by 2030. Greenland, by contrast, stands at the frontier of Arctic resource exploration, balancing the pursuit of critical minerals essential for the global green transition with the development of substantial onshore hydrocarbon reserves in the Jameson Land Basin. These developments unfold against a backdrop of heightened energy security concerns following the 2026 Strait of Hormuz crisis, which has exposed the vulnerabilities of the Nordic region's oil import dependence and accelerated the push for energy independence across all three nations.

Greenland: Frontier Exploration and the Dual Resource Strategy

The Jameson Land Basin Campaign

Greenland is experiencing a pivotal moment in its energy development trajectory, with the Jameson Land Basin in East Greenland emerging as one of the most closely watched frontier exploration plays globally. Greenland Energy Company (NASDAQ: GLND), formerly operating under the name March GL, has secured a fully funded $70 million exploration program for 2026 following its successful public listing on Nasdaq, positioning the company to execute the first modern onshore drilling campaign in the region in decades.

The centerpiece of Greenland Energy's investment thesis is the approximately 2.1-million-acre licensed area in the Jameson Land Basin, which independent estimates suggest could contain up to 13 billion barrels of gross unrisked prospective oil resources. The company has contracted Halliburton—one of the world's largest oilfield services companies—to provide integrated consulting, logistics, well services, and drilling support for the upcoming program. Additional agreements have been secured with Stampede Drilling for an Arctic-capable rig and with IPT Well Solutions and other contractors supporting the campaign.

The exploration program targets the commencement of drilling operations in October 2026, beginning with the OPW-1 and OPW-6 exploration wells. Each well is expected to reach a depth of approximately 3,500 meters, and successful drilling would allow Greenland Energy to earn up to a 70% working interest in the license area. The company has been advancing mobilization efforts across the project area, including permitting, infrastructure planning, equipment procurement, and logistics activities required to support field operations in the remote Arctic environment.

The Jameson Land Basin has received more than $275 million of historic expenditure and investment to date from global majors, including ARCO, and is considered one of the largest remaining untapped large-scale gas and liquid-rich basins in the world. Under the agreement structure, 80 Mile plc retains a 30% interest in the project following Greenland Energy's earn-in, with the NASDAQ-listed company's market capitalization reaching approximately $345 million as of March 2026.

Hydrocarbon Exploration in the Context of Energy Security

The exploration drive is heavily tied to Western supply strategies aimed at insulating against global geopolitical supply shocks and maritime shipping volatility, a concern that has become acute following the 2026 Strait of Hormuz crisis. The near-complete closure of this critical chokepoint—through which approximately 20% of global oil and LNG trade passes—has resulted in the largest oil supply disruption in history, with Brent crude prices rising by over 50% and jet fuel prices roughly doubling compared with 2025 averages. This crisis has underscored the strategic importance of developing Arctic hydrocarbon resources to reduce dependence on Middle Eastern oil and enhance regional energy security.

While Greenland's exploration program represents a significant step toward economic self-sufficiency and energy independence, the country's energy mix remains heavily dependent on imported oil products. Oil accounts for a substantial portion of Greenland's total final energy consumption, and as an isolated energy system with no refining capacity, the territory sits outside both EU and IEA stockholding frameworks despite being among the most physically exposed to supply disruptions. This vulnerability underscores the strategic importance of both hydrocarbon exploration and the parallel development of renewable energy sources.

Critical Minerals and the Renewable Energy Transition

Greenland's resource development strategy encompasses two distinct pillars: hydrocarbon exploration and critical mineral extraction essential for the global green transition. As demand for electric vehicles and clean technologies continues to surge, Greenland is focusing on the methodical development of 5-6 operational mines over the next two decades to secure European supply chains for rare earth metals and other critical minerals.

However, the government's approach to mineral extraction has been characterized by careful environmental and political consideration. Most notably, the government rejected a request to renew a high-profile license for the proposed Kvanefjeld rare earth and uranium project, citing a ban on uranium mining. This decision reflects the delicate balance Greenland must strike between resource development, environmental protection, and its strategic positioning as the world transitions away from fossil fuels.

The energy landscape in Greenland is also evolving through regional cooperation initiatives. The Energy Resilience in the North Atlantic (ERNA) project, co-funded by Nordic Atlantic Cooperation (NORA), brings together stakeholders from Norway, Iceland, Greenland, and the Faroe Islands to strengthen regional energy resilience through innovation, knowledge-sharing, and partnerships. Greenland's state-owned energy company Nukissiorfiit is actively exploring plans to increase energy production based on hydropower, signaling a commitment to diversifying the country's energy mix.

Iceland: Geothermal Leadership and Green Fuel Innovation

The World's Greenest Grid and Surging Demand

Iceland continues to operate the world's greenest power grid, with nearly 100% of electricity generation derived from renewable sources—primarily geothermal and hydroelectric power. The country's unique geological endowment, sitting astride the Mid-Atlantic Ridge, provides abundant geothermal resources that have made Iceland a global leader in geothermal energy and a model for the clean energy transition.

The industry's main focus in 2026 centers on managing surging electricity demand from power-intensive sectors, including data centers, hydrogen-based fuel production, and heavy industry. This demand pressure is occurring as Iceland simultaneously pursues the ambitious goal of decarbonizing transport and fisheries, sectors traditionally reliant on fossil fuels. According to national scenarios, Nordic electricity demand is expected to grow by 1.2 to 2.6 times current levels by mid-century as electrification accelerates, and Iceland is at the forefront of this trend.

Iceland's geothermal sector is not only expanding domestically but also actively exporting engineering expertise to strengthen global energy security. As the Official Country Partner for the World Geothermal Congress, Iceland has deployed over 100 engineering and operational experts to collaborate on worldwide deployment, sharing decades of experience in harnessing geothermal energy. This expertise is complemented by the work of Landsvirkjun, the national power company, and Reykjavík Energy, which are driving direct-use carbon capture and superhot geothermal research.

Syntholene: A Geothermal-Hydrogen Breakthrough

In a landmark development for the green hydrogen and sustainable aviation fuel (SAF) sectors, Syntholene Energy Corp. announced on June 22, 2026, that it has completed construction of its geothermal-integrated Solid Oxide Electrolyzer Cell (SOEC) demonstration facility in Húsavík, Iceland—approximately six months ahead of schedule and under budget. The facility represents the first fully integrated field deployment of Syntholene's thermal-hybrid architecture, which combines geothermal heat with high-temperature electrolysis to produce low-cost hydrogen, the principal feedstock required for synthetic fuel production.

Construction of the demonstration facility took just 69 days from the announcement of permit issuance, involving the fabrication, delivery, installation, and integration of critical systems including Syntholene's proprietary Thermal Coupling Heat Exchanger, the SOEC module, water treatment systems, instrumentation and controls, and balance-of-plant infrastructure. The Thermal Coupling Heat Exchanger was fabricated in just 42 days, while factory acceptance and operational commissioning of the SOEC module also occurred substantially ahead of schedule.

The facility's innovative design seeks to demonstrate that integrating geothermal heat with high-temperature electrolysis can materially improve the economics of synthetic fuel production. By replacing a portion of the required electrical energy input with geothermal heat, Syntholene's approach has the potential to reduce electricity consumption significantly compared to conventional electrolysis pathways. The company aims to lower the cost of green hydrogen production by 70% compared to existing electrolysis methods, potentially representing a meaningful advancement toward cost-competitive synthetic aviation fuel.

The demonstration plant's location in Húsavík, at the Húsavík Power Station, is strategically significant. Icelandair, the country's flag carrier, signed a non-binding Expression of Interest in January 2026 to potentially take up to 20,000 tons of eSAF produced by Syntholene's facility over a period of 10 years, provided that certain price and production scale requirements are met. This commercial interest highlights the potential of Iceland's geothermal resources to transform not only the domestic energy landscape but also the aviation industry's path to decarbonization.

Heavy Industry Decarbonization and Nordic Leadership

Iceland's energy sector extends beyond electricity generation and green fuels to encompass heavy industry decarbonization. The country joined the Leadership Group for Industry Transition (LeadIT), committing to push for net-zero practices in cement, green shipping, and steel manufacturing. Iceland's participation in this international initiative underscores its ambition to leverage its unique energy endowment to drive industrial decarbonization globally.

The Icelandic Renewable Energy Cluster and Reykjavík Energy are spearheading these efforts, driving innovation in direct-use carbon capture and superhot geothermal research. Superhot geothermal—the extraction of heat from temperatures exceeding 450°C at depths of 4-6 kilometers—represents a frontier technology that could dramatically increase the energy output of geothermal wells and expand the applicability of geothermal energy beyond regions with conventional hydrothermal resources.

Iceland's energy leadership is also reflected in its participation in the ERNA project, where HS Orka, one of Iceland's major energy companies, is contributing expertise on geothermal energy combined with hydropower and diversified systems to strengthen regional energy resilience. The cross-border collaboration with Greenland and the Faroe Islands allows Iceland to export not only its technology but also its experience in managing grid integration challenges, workforce development, and public acceptance of energy infrastructure projects.

The Faroe Islands: A Pioneer in Island Grid Sustainability

The 100% Renewable Vision

The Faroe Islands are undertaking one of the most ambitious energy transitions in the world, targeting a fully sustainable electricity grid by 2030. The archipelago, isolated from continental grids with no cross-border interconnections, faces unique challenges in balancing a high renewable portfolio with the need for reliable electricity supply. The state utility SEV is driving an aggressive push to eliminate all diesel power stations by 2030, transitioning the islands from their current dependence on imported oil products toward a renewable mix of expanded onshore wind, solar parks, and emerging tidal stream technologies.

The Faroese energy transition is not merely aspirational; it is grounded in detailed technical planning and rigorous engineering analysis. A 2026 study published in the CIGRE Science & Engineering journal examined the frequency and voltage stability challenges associated with reaching 100% renewables in Suðuroy, the most southern island of the Faroe Islands. The study, based on measurement-validated models and the actual expansion roadmap, analyzed the power system through 2030, simulating three events—a sudden drop in wind power production, an outage of a synchronous generator, and a load rejection—to assess the impact on system stability.

The results confirmed that additional ancillary services, provided by batteries and synchronous condensers, are required to maintain stability levels as the share of traditional synchronous generators declines. The Suðuroy grid, which will be connected to the main grid via a single link in 2026, represents a microcosm of the broader challenges facing island and isolated power systems globally as they transition to high renewable penetration.

Smart Grid Innovation and Tidal Energy

The Faroe Islands' energy transition is characterized by innovation in grid management and renewable energy technologies. The municipally owned utility SEV operates a specialized "Power Hub" virtual power plant, allowing the isolated archipelago to stabilize its grid while increasing instantaneous wind penetration. This smart grid approach is essential for managing the intermittency of renewable sources in an isolated system where instantaneous imbalances cannot be compensated by interconnection with neighboring grids.

Tidal energy represents another frontier for the Faroe Islands. The archipelago possesses vast untapped marine energy resources, especially tidal energy, which could offer a sustainable and locally sourced solution to meet growing energy demands. In a significant development, Swedish tidal energy developer Minesto, in collaboration with Capture Energy, SEV, and IVL Swedish Environmental Research Institute, secured a SEK 25 million (approximately $2.6 million) grant from the Swedish Energy Agency for a two-year project to establish a tidal-based microgrid in the Faroe Islands.

The project, with a total budget of SEK 56 million, aims to deliver a reliable, baseload power solution for remote, off-grid locations in the Faroe Islands, initially targeting non-grid-connected islands as sites for commercial deployment. By integrating Minesto's Dragon-class tidal power plants with Capture Energy's microgrid management systems, the consortium seeks to provide scalable, renewable energy solutions for island communities. The project is set to be completed by 2026 and will leverage Minesto's existing operational site in Vestmanna.

The microgrid market represents a substantial global opportunity, estimated at €300 billion (approximately $352 billion), spanning from small-scale kilowatt installations to multi-megawatt arrays. For Minesto, the microgrid business has significant strategic value, offering both a substantial global market and opportunities for market entry projects with new commercial partners to build confidence in the technology. This approach aligns with the Faroe Islands' broader energy strategy, which envisions tidal energy as a complement to wind and solar, providing predictable baseload power to balance intermittent renewables.

Energy Security in an Oil-Dependent Archipelago

Despite the rapid progress toward renewable electricity generation, the Faroe Islands remain heavily dependent on imported oil products for most of their primary energy consumption, including transport, heating, and fishing. As an island energy system with no refineries, the Faroe Islands sit outside both EU and IEA stockholding frameworks and are among the most physically exposed to oil supply disruptions. The 2026 Strait of Hormuz crisis has exposed these vulnerabilities, with jet fuel prices roughly doubling and oil price volatility creating significant economic pressures on the Faroese economy and its fishing fleet.

The electrification of transport, with aggressive EV adoption, and building heat via heat pumps, is projected to push electricity consumption to 575,000 MWh by 2030. This demand growth, coupled with the phase-out of diesel generation, will require continued expansion of renewable generation capacity, storage systems, and state-of-the-art solutions to ensure stable and reliable power system operation. The Faroese RoadMap for generation, storage, and transmission specifies project-specific investments, including power plant sizes, locations, and investment years, based on economic optimization and considering demand increase from 369 GWh in 2020 to 633 GWh in 2030.

The Faroe Islands' energy leadership is increasingly recognized at the Nordic and international levels. As co-holders (with Denmark) of the presidency over the Nordic Council of Ministers, the Faroe Islands have prioritized energy security and the acceleration of the green transition. The hosting of the UArctic Congress in Tórshavn highlighted localized Arctic knowledge, sustainable grids, and northern infrastructure innovation, bringing together nearly 1,400 researchers, policymakers, Indigenous leaders, and community members from 40 countries to address the intersection of energy, climate, and community sustainability.

Regional Energy Security: A Shared Challenge

The 2026 Strait of Hormuz Crisis and Nordic Exposure

The energy industry across the North Atlantic is operating in an environment of heightened geopolitical risk following the 2026 Strait of Hormuz crisis. In March 2026, US and Israeli military operations against Iran prompted Iran to close the Strait of Hormuz, through which approximately 20% of global oil and LNG trade passes. The International Energy Agency described the resulting supply disruption as the largest in history, coordinating its largest-ever emergency stock release of 400 million barrels. As of May 2026, the near-complete closure had lasted over two months, with crude oil prices (Brent) rising by over 50% and fluctuating heavily.

The direct exposure of the Nordics to Middle Eastern oil supply is modest—the Middle East supplied only around 1% of refinery inputs and approximately 10% of refined products, excluding intra-Nordic trade. However, Nordic consumers have experienced sharply higher prices at petrol stations and in airline ticket prices because crude oil and refined product prices are set by global supply and demand. The Nordic region produces significant volumes of oil but does not meet its own refined product demand; approximately 45% of refinery inputs are sourced from outside the region, leaving Nordic consumers fully exposed to global price shifts.

The crisis has not yet produced physical fuel shortages in the Nordic region; the primary constraint remains price rather than availability. However, by May 2026, jet fuel stocks had fallen to their lowest levels since 2015, and a prolonged closure would risk tighter physical supply constraints. Several airlines, including Nordic carriers, had canceled flights and raised fares. The crisis underscores a key lesson: reducing oil dependence is the most durable way to insulate Nordic energy security from geopolitical supply shocks.

The Two-Tier Nordic Energy System

The Nordic energy system runs on two parallel tracks that generate distinct security profiles. The first track is a largely decarbonized electricity sector, with roughly 90% of Nordic electricity generation coming from hydropower, wind, nuclear, and a growing share of solar. The second track is the continuing dominance of combustion-based fuels outside of electricity, with oil alone covering 29% of total Nordic final consumption, concentrated in road transport, industry, aviation, and representing the dominant energy source in the Faroe Islands and Greenland.

The eight Nordic jurisdictions are not an internally uniform bloc; energy mixes, import dependencies, grid integration, and institutional setups differ substantially. Norway's position as a structural net energy exporter stands in stark contrast to the isolated microgrids of Greenland and the oil-dependent systems of the Faroe Islands. The electricity outlook is clear: consumption is expected to rise substantially as transport and industry electrify, with all national scenarios projecting electricity demand growth of 1.2 to 2.6 times current levels by mid-century. At the same time, oil and refined products will remain materially important at least through the 2030s.

Infrastructure Vulnerabilities and Strategic Cooperation

The Nordic energy system sits at the intersection of two distinct strategic environments: the Baltic Sea, with its dense cluster of cross-border subsea energy infrastructure, and the Arctic, with its remote offshore production and long response times. The Nord Stream explosions, the Balticconnector and Estlink 1 damage, and the Estlink 2 cable severance have established that subsea energy infrastructure is now a target. In the Arctic, the Hammerfest LNG plant on Melkøya—the only export route for Norwegian Barents Sea gas—represents a clear single-point-of-failure exposure; a 2020 fire took the plant offline for 21 months. Supply chain risk compounds the picture: large power transformers carry 12 to 18-month replacement lead times, and HVDC cable and converter equipment even longer, sourced from a small number of global suppliers.

The political signal in support of Nordic energy security cooperation is sharper than at any point in the post-Cold War period. The Nordic Council of Ministers Energy Cooperation Programme 2025–2030 places energy security as the first of four programme goals. However, the institutional machinery to operationalize this cooperation has not yet fully caught up. The Energy Security in the Nordics report, published in June 2026, maps the state of Nordic energy security cooperation and sets out 25 recommendations across nine cooperation domains, sequenced over short-term and medium-term horizons.

Key recommendations include the development of a Nordic Energy Security Strategy, an annual joint threat assessment, a standing information-sharing protocol, and a feasibility study on a Nordic energy security operations centre. For the Faroe Islands and Greenland specifically, the report emphasizes the need for dedicated assessment of energy security to address the two-tier participation pattern, as these territories sit outside both EU and IEA stockholding frameworks despite being among the most physically exposed.

Energy Leadership and the Path Forward

Iceland: Global Geothermal Dominance and Industrial Transition

Iceland's energy leadership is defined by its mature geothermal sector and technological dominance. As the global leader in geothermal energy, the country's industry focus revolves around scaling superhot rock drilling and spearheading heavy-industry decarbonization. The nation's participation in the Leadership Group for Industry Transition (LeadIT) reflects its ambition to push for net-zero practices in cement, green shipping, and steel manufacturing—sectors that have historically been difficult to decarbonize.

The Icelandic energy sector is forecasting up to a 35% increase in annual revenues by 2030, driven by 50 billion ISK in annual capital expenditures, supported by major utility companies like Reykjavík Energy. This growth is occurring in the context of domestic electricity demand under pressure from energy-intensive industries, hydrogen-based fuel production, and surging data center needs. The central focus is on optimizing geothermal and hydroelectric infrastructure to retain Iceland's position as a global leader in the green transition while supporting economic competitiveness and enhancing regional energy security.

Faroe Islands: 100% Renewable Grids and Nordic Leadership

The Faroe Islands are a world pioneer in off-grid smart systems, balancing a high renewable portfolio with severe geographical isolation. The state utility SEV is driving an aggressive push to eliminate all diesel power stations by 2030, utilizing advanced tidal energy, offshore wind, and pumped storage to achieve this ambitious target. The Faroese energy transition is grounded in rigorous engineering analysis, with detailed simulations demonstrating the frequency and voltage stability requirements for the 100% renewable grid.

The Minesto-led consortium's microgrid project represents a significant step toward integrating tidal energy into the Faroese energy mix, with the potential to provide baseload power for remote, off-grid locations. The collaboration with SEV, Capture Energy, and IVL Swedish Environmental Research Institute demonstrates the value of cross-border partnerships in advancing renewable energy technologies and building expertise that can be exported to other island communities globally.

Greenland: Mineral Extraction, Hydrocarbon Exploration, and Regional Cooperation

Greenland's energy future is characterized by the dual pursuit of critical mineral extraction for the global green transition and expanding Arctic hydrocarbon exploration. The government's careful approach to mining development, balancing resource extraction with local workforce capability and environmental protection, will be central to the territory's long-term economic development strategy. The rejection of the Kvanefjeld license renewal, citing the uranium mining ban, demonstrates the government's commitment to environmentally responsible development.

The Greenland Energy Company's fully funded drilling campaign in the Jameson Land Basin represents a significant test of Greenland's hydrocarbon potential. The partnership with Halliburton, the NASDAQ listing, and the $70 million capital raise signal serious commercial interest in the region. However, the exploration program is occurring in a context of rising energy security concerns and growing recognition that reducing oil dependence is the most durable path to energy independence.

Regional cooperation through initiatives like the ERNA project, supported by NORA, provides a platform for knowledge-sharing and partnership-building across the North Atlantic. The participation of Norway, Iceland, Greenland, and the Faroe Islands in these initiatives demonstrates the value of cross-border collaboration in addressing common energy challenges—from public acceptance of new energy infrastructure to the integration of renewable generation into isolated grids. The emphasis on public acceptance as a prerequisite for successful energy system development is particularly relevant across all three nations, where energy projects must balance economic development with community values and environmental stewardship.

Conclusion

The energy industry in Greenland, Iceland, and the Faroe Islands is at a pivotal moment in 2026. Iceland continues to lead the world in geothermal innovation and green energy exports, pioneering breakthrough technologies like geothermal-integrated SOEC hydrogen production that could transform the economics of sustainable aviation fuel. The Faroe Islands are demonstrating that isolated island grids can achieve high renewable penetration through smart grid innovation, tidal energy development, and rigorous engineering analysis. Greenland stands at the frontier of Arctic resource exploration, balancing the pursuit of critical minerals and hydrocarbon resources with environmental stewardship and community engagement.

The 2026 Strait of Hormuz crisis has underscored the importance of energy security and the vulnerabilities of oil-dependent island systems, accelerating the push for energy independence across all three nations. Nordic energy security cooperation is strengthening, with the development of a comprehensive roadmap and 25 recommendations to operationalize cooperation, particularly for the most exposed territories. The North Atlantic energy industry is characterized by stark divides—Iceland focuses on heavy-industry green exports and grid expansion, the Faroe Islands push toward isolated 100% renewable power and electrification, and Greenland explores frontier Arctic oil while developing critical minerals for the global green transition. Yet these three distinct pathways are converging on a shared vision: a more secure, sustainable, and prosperous energy future for the North Atlantic region.

Sources: Nordic Council of Ministers. (2026). Energy Security in the Nordics: Section 8: Nordic Energy security cooperation roadmap. Nordic Energy Research. - Nordic Council of Ministers. (2026). Energy Security in the Nordics: Section 1: Understanding Nordic energy security. Nordic Energy Research. - Arctic Cluster Team. (2026, January 27). Energy Resilience in the North Atlantic (ERNA) workshop. LinkedIn. - Nordic Council of Ministers. (2026). Energy Security in the Nordics. norden.org. - Ghana Upstream Petroleum Chamber. (2026, June 9). Halliburton to support Greenland Energy's East Greenland drilling campaign. - Wedbush Securities. (2026, June 16). Greenland Energy Company (NASDAQ: GLND) Outlines Fully Funded Plan to Drill East Greenland's Jameson Land Basin. - 80 Mile plc. (2026). Jameson, South East Greenland. - Financial Times. (2026, June 10). Company Announcements: Greenland Energy Company. -

Chemical Engineering. (2026, June 22). Syntholene completes construction of integrated geothermal-SOEC facility in Iceland. - AeroTime. (2026, June 21). Syntholene completes construction of geothermal eSAF plant. - Investing News Network. (2026, June 21). Syntholene Completes Construction of Iceland Demonstration Facility Six Months Ahead of Schedule, Commences Operations. - IndexBox. (2026, June 22). Syntholene Energy Corp. Completes Geothermal-Integrated SOEC Hydrogen Facility in Iceland. - Tróndheim, H.M., Hofmann, L., Gartmann, P., Quitmann, E., Leth Bak, C., Faria da Silva, F., Nielsen, T., & Niclasen, B.A. (2026). Frequency and Voltage Stability Towards 100% Renewables in Suðuroy, Faroe Islands. CIGRE Science & Engineering, N025. - World Energy. (2025, July 4). Minesto-Led Consortium Gets $2.6m for Tidal Microgrid in Faroe Islands. - Dagens Industri. (2025, June 27). Minesto-led consortium awarded 25 MSEK from Swedish Energy Agency for microgrid project in the Faroe Islands. Read reports & Insights here

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