Indo-Icelandic Strategic Partnership: Scaling Geothermal Energy and Carbon Sequestration Solutions
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India and Iceland are formalizing a collaboration to leverage advanced geothermal drilling and Carbfix carbon-to-stone mineralization technology, aiming to tap India's 10.6 GW geothermal potential.
As India accelerates its transition toward a net-zero future, the emerging partnership with Iceland marks a significant pivot in energy technology cooperation. This strategic collaboration focuses on two critical domains: deep-earth geothermal energy extraction and revolutionary Carbon Capture, Utilization, and Storage (CCUS) solutions. With India holding an estimated 10.6 GW of geothermal potential, the expertise of Iceland—a global leader that generates a significant portion of its electricity and heating through geothermal sources—could prove transformative for India’s renewable energy landscape.
A cornerstone of this collaboration is the integration of Iceland’s proprietary 'Carbfix' technology. Unlike traditional carbon storage methods that pump gaseous CO2 into deep subterranean reservoirs, Carbfix utilizes a process of mineralization. By dissolving captured CO2 in water and injecting it into reactive rock formations, such as basalt, the technology accelerates the natural process of turning carbon dioxide into stable stone. For India, which faces the daunting challenge of decarbonizing its heavy industries, the ability to permanently sequester emissions is a vital technological hedge.
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