SOURCE: Reykjavik Energy

April 16, 2008 12:47 ET

Reykjavik to Offer Scholarships in the Sustainable Use of Energy

REI Offers 10 Scholarships for the REYST M.Sc. Program in the Sustainable Use of Energy Resources

REYKJAVIK, ICELAND--(Marketwire - April 16, 2008) - Reykjavik Energy Invest (REI), the business development and investment arm of Reykjavik Energy, has committed to offer up to 10 scholarships for the REYST M.Sc. program in the sustainable use of energy resources for the 2008 - 2009 study year.

REYST, an interdisciplinary school in higher education for engineers and scientists, aims to create leading experts in management, design and research in the field of sustainable energy. The school is a joint venture between Reykjavik Energy, Reykjavik University and the University of Iceland.

The school offers an international graduate program based on the three pillars of engineering, earth science and business. The program focuses on sustainable energy use, practical experience in the field and ready access to on-site work with experts in various subjects.

Iceland, which largely operates on sustainable energy resources, has a long tradition of using sustainable energy as well as up-to-date scientific and technical know-how in harnessing and using renewable energy resources. One of the key purposes of the school is to allow scientists and engineers from around the world to capitalize on this background.

Comment:

Mr. Gudmundur Thoroddsson, REI's President and CEO:

"REI is committed to renewable energy. Our support for students signing up for the M.Sc. program at REYST demonstrates that commitment. REYST is a joint effort between our mother company, Reykjavik Energy, Reykjavik University and the University of Iceland. This is the school's first year of operation. We hope that our support will enable a diverse group of students to attend from around the world."

About Reykjavik Energy Invest

Reykjavik Energy Invest (REI) (www.rei.is / info@rei.is) is the Reykjavik Energy (Orkuveita Reykjavikur) international business development and investment arm. Reykjavik Energy Invest focuses on creating partnerships to develop geothermal areas. The company invests in geothermal exploitation rights; develops, constructs and operates geothermal fields; and seeks to acquire geothermal plants currently in operation. Reykjavik Energy is the world's leading authority in the utilization of geothermal energy. Over the past 60 years, the company has consolidated its leadership by supplying a large portion of the Icelandic population with geothermal water for domestic heating and by gradually developing new steam fields for power production.

About REYST

Reykjavik Energy Graduate School of Sustainable Systems (www.reyst.is) is an interdisciplinary school in higher education for engineers and scientists, has a focus on global environmental protection and sustainable use of energy resources and creates leading experts in management, design and research in utilization of sustainable energy. The unique expertise of all its founding partners forms an excellent platform for the school to build on. REYST is located in Reykjavik, Iceland.

Contact Information

  • For further information, contact:
    Gudmundur Thoroddsson
    CEO
    Reykjavik Energy Invest
    Phone +354 516 6000