Landsnet

Iceland · Electrical/electronic Manufacturing

Landsnet hf. is Iceland’s national electricity transmission system operator, established in 2005 and based in Reykjavík. The company owns and operates the high-voltage electricity transmission grid, which includes over 3,270 km of transmission lines and around 75 substations. Landsnet is primarily owned by the Icelandic government and the City of Reykjavík. The company’s main role is to ensure reliable and efficient electricity transmission from power generation companies to utilities and large industrial consumers. It manages the entire transmission system, balancing supply and demand in real time, maintaining system stability, and planning future grid infrastructure. Landsnet promotes equal access to the grid for all market participants and supports Iceland’s energy-intensive industries. Landsnet is focused on modernizing and expanding the transmission network to facilitate the country’s green energy transition. Recent projects include securing funding for new power lines and reinforcing transmission capacity in key areas. The company employs around 111 to 120 people and generates approximately $30 million in revenue, playing a vital role in Iceland’s electricity infrastructure and environmental goals.