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ON in a key role in shaping industrial policy and an innovation economist visits
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ON in a key role in shaping industrial policy and an innovation economist visits

We had a great visit this week when Mariana Mazzucato visited the Hellisheiði Power Station along with author Andri Snær Magnússon. Mazzucato is a Professor in the Economics of Innovation and Public Value at University College London, where she is the founder and director of the UCL Institute for Innovation and Public Purpose.

During the visit, she met with Sævar Freyr Þráinsson, CEO of Orkuveitan; Margrét Lilja Hrafnkelsdóttir, Business Development Manager at Orka náttúrunnar; Valgerður B. Eggertsdóttir, Head of Stakeholder Relations and Sustainability at ON; and Edda Sif Pind Aradóttir, CEO of Carbfix. She was given a presentation on the operations of Orkuveitan, ON, and Carbfix, and also went on a field trip to an injection well.

Mazzucato was in the country to attend a meeting held by the Prime Minister's Office about the government's industrial policy, which is currently being developed. Orka náttúrunnar has taken an active part in the work of shaping the proposed industrial policy and considers it extremely important to be able to contribute to that work. Such policymaking is crucial as it can be a powerful tool to shape economic growth, support innovation, and create a clearer vision for the future of the economy.

The participation of companies like ON in this work is also important with regard to long-term value creation, both for society and owners, and helps to utilize Iceland's strengths in the field of renewable energy, technology, and sustainability for the future.

Margrét Lilja Hrafnkelsdóttir presented ON Power's operations to Mazzucato.

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