Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Who Are the Art World Figures on the Time 100 List?

September 20, 2025

Untitled Art Houston Sales Point to a Committed Local Collector Base

September 20, 2025

Fed Cuts Could Fuel More Art Loans as Collectors Seize Opportunities

September 20, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Commodities
Commodities

Iceland builds defences for a future of increased volcanic activity By Reuters

News RoomBy News RoomFebruary 1, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

© Reuters. A general view of Bessastadir, the residency of the President of Iceland near Reykjavik, Iceland, January 17, 2024 REUTERS/Phil Noble/File Photo

By Louise Rasmussen and Johannes Birkebaek

COPENHAGEN (Reuters) – Icelanders are working round-the-clock to build dykes the size of three-storey buildings to protect a vital power plant and homes from lava flows, since volcanoes near the capital Reykjavik that were dormant for nearly 800 years became active.

The six volcanic systems, which experts forecast will be active for up to three centuries, stretch under Iceland’s southwestern Reykjanes peninsula, home to 30,000 people, nearly 8% of the country’s total population.

They form an underground meshwork on the peninsula, stretching to the edges of the capital, which has witnessed five eruptions since 2021.

Amid concerns about an imminent eruption, authorities in November began building defence walls around the peninsula’s Svartsengi geothermal power plant.

Since then, nearly 100 bulldozers, excavators and haul trucks have been working nonstop around the plant, according to Kristinn Hardarson, who heads operations at energy company HS Orka, the owner of Svartsengi.

In total, some 560,000 cubic meters of gravel and solidified lava rock – enough to fill 20,000 trucks – will be used to protect the plant.

“They have to divert the lava so it flows beside the barriers. If you try to stop it, the lava will just build up and eventually go over the barriers,” Vidir Reynisson, head of Iceland’s Civil Protection and Emergency Management, told Reuters.

Construction of defences has also started around the nearby town of Grindavik, home to one of Iceland’s key fishing ports and nearly 4,000 residents who were evacuated in December before the most recent eruption north of the town.

The first barrier proved effective in diverting lava away from Grindavik but when fissures opened on the other side of the barrier, lava reached the town and set some houses alight.

The biggest barriers are about 40 metres wide, between eight and ten metres high, and four meters wide at the top.

Finishing the seven-kilometre half circle around Grindavik is expected to take six weeks, Reynisson said.

It will take roughly twice as much material as was needed at Svartsengi, according to Ari Gudmundsson, a civil engineer at Verkis, an engineering company working on the barriers.

Similar dykes or embankments have been attempted in Italy, Hawaii and Iceland to protect from lava but on a smaller scale, according to Gudmundsson.

When Mount Etna, an active volcano in Italy, erupted in late 1991, a 234-metres long and 21-metres high barrier was constructed. The lava was held back for approximately one month before it eventually flowed over the structure.

Icelanders first attempted building defence walls on the island of Heimaey when a 1973 eruption ravaged the town of Vestmannaeyjar, forcing its entire population to evacuate.

Numerous eruptions have struck Iceland since, but usually away from towns and critical infrastructure. When volcanic activity began on the Reykjanes peninsula in 2021, fresh attempts at building a defence were made.

“We made a few barriers, short ones, to get experience and to try to steer the lava flow away from one area that would eventually lead to Grindavik,” Gudmundsson said.

Engineers are trying to fine-tune how tall and steep the barriers should be.

“The main thing we saw is that the barriers are working, so now we know more about how to build them and how to use them,” Reynisson said.

The Department for Civil Protection is also digging hot water pipelines deeper underground and lifting power and telecom lines higher to protect them.

Attempts are also being made to insulate overland pipelines and power cables from hot lava.

Icelanders have an ambiguous relation to volcanoes, according to Sigurdur Ingi Johannsson, Iceland’s Minister of Infrastructure.

We must remember that our green geothermal energy, amazing tourist attractions and well-being in Iceland come from the power of the volcanoes, he told Reuters.

“Sometimes it is good and a benefit to the people, but sometimes it is threatening us.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Oil prices rise on Chinese factory data, but set for yearly declines By Investing.com

Gold prices steady amid thin year-end trading, set for stellar yearly gains By Investing.com

Will the U.S. produce more crude oil under Trump 2.0? By Investing.com

Gold prices edge up as dollar weakens; Fed’s rate outlook keeps traders cautious By Investing.com

Oil prices rise on Chinese optimism, falling US stockpiles By Investing.com

Rising Gas Prices Threaten More Woe for the UK Economy By PoundSterlingLIVE

Jefferies lists 10 key questions By Investing.com

Gold prices edge higher on slightly weaker dollar; set for best week since mid-Nov By Investing.com

Oil prices slipped lower; set for second straight weekly gain By Investing.com

Recent Posts
  • Who Are the Art World Figures on the Time 100 List?
  • Untitled Art Houston Sales Point to a Committed Local Collector Base
  • Fed Cuts Could Fuel More Art Loans as Collectors Seize Opportunities
  • Full steam ahead: world’s first rail journey to be re-enacted for 200th anniversary – The Art Newspaper
  • Missing Egyptian Bracelet Found to Have Been Sold and Melted Down

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Untitled Art Houston Sales Point to a Committed Local Collector Base

September 20, 2025

Fed Cuts Could Fuel More Art Loans as Collectors Seize Opportunities

September 20, 2025

Full steam ahead: world’s first rail journey to be re-enacted for 200th anniversary – The Art Newspaper

September 20, 2025

Missing Egyptian Bracelet Found to Have Been Sold and Melted Down

September 20, 2025

Art SG to organise fellow Singapore fair S.E.A. Focus from 2026 – The Art Newspaper

September 20, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.