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Rarik | Company Profile

10/1/2025

Rarik

Overview

Rarik is a state-owned energy company in Iceland, established in 1946. Its main mission is to electrify rural and remote areas, significantly contributing to the country's electrical infrastructure. The company operates electricity distribution networks to ensure a reliable power supply, even under harsh weather conditions. As of 2024, 77% of its network is underground, with aspirations to reach 100% by 2035.

Additionally, Rarik produces and sells wholesale electricity through Orkusalan, a subsidiary generating power from small hydroelectric plants. It also manages geothermal district heating systems, delivering sustainable heat to rural communities. Rarik has developed an integrated power grid that connects diverse regions of Iceland, enhancing access for residential, commercial, and public sector clients. Marking its 75th anniversary in 2022, the company remains focused on sustainability and operational efficiency.

Basic Information

Industryelectrical/electronic manufacturing
Founded1947
Revenue181M
HeadquartersDvergshoefdi, Reykjavik, Capital Region 110, Iceland

Contact Details

Key Focus Areas & Initiatives

  • Electrification of rural and remote areas in Iceland
  • Reliable electricity distribution networks
  • Underground electrical infrastructure expansion
  • Wholesale electricity production and sales via Orkusalan subsidiary
  • Geothermal district heating systems for sustainable heat
  • Integrated power grid development
  • Commitment to sustainability and operational efficiency

Technologies Used

  • Amazon AWS
  • Amazon SES
  • Android
  • MessageGears
  • Microsoft Office 365
  • Outlook
  • Sendgrid

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