About Us

Nicoló Secondo Rech – Geothermal Reservoir Modelling

Nicoló holds an M.Sc. in Renewable Energy from the University of Reykjavík and works at the intersection of geothermal subsurface analysis, geophysics, and subsurface modelling. He is trained in Leapfrog, Volsung, and TOUGH2 for geological and reservoir simulation, and has hands-on experience in resistivity measurements and field-based geophysical investigations supporting geothermal resource development.

Þóroddur Sigurðsson – Drilling Engineer

Þóroddur holds an M.Sc. in drilling and well engineering from the Robert Gordon University. He has worked for geothermal companies such as COWI (Mannvit) and Reykjavik Geothermal and gained international experience in geothermal drilling on projects, as a consultant, designer, drilling engineer and supervisor, in countries such as Iceland, United Arab Emirates, Ethiopia, Rwanda, Spain, Saudi Arabia, and the Philippines. Currently he is involved in managing, designing and planning geothermal projects in Iceland and Spain (Canary Islands).

Baldur Hauksson – CTO

Baldur Hauksson brings over 20 years of experience in the energy and utilities sector, with a strong focus on geothermal development, operational excellence, and disciplined project execution. Before joining Reykjavík Geothermal as Chief Technology Officer, he served as Director of Technical Development and Head of the Project Management Office at ON Power, where he was responsible for optimizing the performance, efficiency, and long-term reliability of the Hellisheiði and Nesjavellir geothermal power plants, while strengthening professional project management practices.

Baldur has extensive experience in building high-performing technical teams aligned with strategic objectives and has played a key role in evaluating geothermal and district heating investments for Reykjavík Energy. He holds an M.Sc. in Mechanical Engineering, specializing in thermal energy systems.

Guðmundur Þóroddsson – Chairman of the Board of Directors

Former Chief Executive Officer Reykjavík Geothermal and now Chairman of the Board of Directors, Guðmundur has 30+ years of experience in energy & utilities and played a pivotal role in the expansion of the Icelandic geothermal industry. Guðmundur previously held positions such as CEO of Orkuveita Reykjavíkur, chairman of Iceland Drilling, and board member of Enex and Enex China. Guðmundur is among a handful of CEOs globally who has succeeded in commissioning 50-100 MW of new geothermal power annually. Guðmundur holds an M.Sc. degree in engineering and an MBA.

Gunnar Örn Gunnarsson – Project Manager, Canary Islands

Gunnar is a former Chief Operating Officer at Reykjavík Geothermal but is now managing RG’s projects in the Canary Islands. Prior to that, Gunnar held management and leadership positions in several industrial companies in Iceland as well as board memberships in many SMEs. Gunnar represented the Icelandic government in negotiations with Alco to secure its 340 tpa aluminum smelter, that is in full operation. Later he was a CEO of a Venture Capital Fund. For the past seven years Gunnar has specialized in business development in the power sector, mainly in contract negotiations and financial agreements. Gunnar holds an M.Sc. degree in engineering. 

Hjálmar Eysteinsson – Head Geophysicist

Dr. Hjalmar has worked in geothermal research for over 25 years. Alongside his work he has taught courses in the UNU geothermal training program in Iceland. His main research activities are in resistivity surveying and interpretation of geothermal fields as well as designing software for the interpretation of resistivity methods. He has organized and managed resistivity surveys in Iceland, eastern Africa and the Canary Islands. He worked on gravity data, especially microgravity for geothermal reservoir monitoring. Dr. Hjalmar holds a Ph.D. in geophysics from Brown University.

Ómar Örn Tryggvasson – Board Member

Ómar is the Head of Special Investment at Summa rekstrarfélag hf,

Magnús Ásbjörnsson – Chief Executive Officer

Magnús Ásbjörnsson is a co-founder and Chief Executive Officer of Reykjavik Geothermal (RG) and leads its global financing and investment activities. With 20+ years of experience in management, investments and consulting spanning five continents, he has driven RG’s largest projects, including geothermal developments in Ethiopia, overseeing the development of some of Africa’s largest IPP projects. 

In addition to serving on the board of RG, Magnus is a founding investor in other ventures, including Enerwhere, a leading emerging market off-grid solar company. He speaks five languages, holds an MBA from London Business School and Columbia Business School, and a Bachelor’s degree (First in Class) in International Relations and Economics from Schiller International University.

Margrét Þórarinsdóttir – Office Manager, Certified Accountant

Margret has worked as an office manager and accountant for Reykjavík Geothermal since 2010. Prior to that, she worked as an accountant for 11 years and for 5 years as a cashier for VÍS insurance company. She has managed and operated food and services for two of the largest salmon rivers in Iceland for 4 years, was a receptionist at Hellisheidi power plant, was a waiter at Radison SAS Hotel Iceland and as a flight attendant for Icelandair. Margret is a certified accountant with credentials from Reykjavík University. She has a diploma in tourism from Icelandic School of Travel and Tourism and a degree as a waiter from the Hotel & Restaurant School of Iceland. 

Sigurður Björnsson – Geothermal Development Specialist

Sigurður is at the final stages of his Ph.D. which concerns optimal utilization of high-temperature geothermal resources. During his studies, Sigurður was a teacher in various courses at University of Iceland and Reykjavík University, including the Iceland School of Energy. Before joining RG, he conducted various analyses and research at the Institute of Economics Studies. Sigurður holds a M.Sc. degree in economics and a B.Sc. degree in geology.

Tómas Guðmarsson – Managing Director, Head of Engineering

Tómas has been involved in the geothermal industry for over 24 years, and his experience in geothermal is both in the direct use of steam for generating electricity, as well as geothermal hot water for various purposes. For over 12 years, he managed operations of Nesjavellir and Hellisheidi geothermal power plants in Iceland for Reykjavik Energy, as well as two small hydro plants. The geothermal plants are both CHP plants (combined heat and power) rated power 423 MWe in 11 units. Through his membership of Reykjavik Energy’s New Power Generation Steering group, he has been involved in design and developing these plants from their initial stages. He holds M.Sc. in mechanical engieering.

Vilhjálmur Skúlason – Chief Operating Officer

Vilhjálmur Skúlason is Chief Operating Officer of Reykjavík Geothermal and has more than 35 years of experience in international business, negotiations, and energy project development. He has played a leading role in financial management, commercial structuring, project financing, investor relations, and corporate governance, with a strong focus on international geothermal development. Before co-founding Reykjavík Geothermal in 2008, he led geothermal project activities in Europe for Reykjavík Energy Invest. He holds a J.D. in Business Law from Bifröst University.

Trent Philipp – Chief Development Officer

Trent was a partner of Ambata Capital, LLC, responsible for US and European initiatives and relationships, including overseeing the strategic partnerships with Carl Hahn Partners, Sustainable Development Capital Ltd., and The Coalition for Rainforest Nations. He also served as CEO of Ambata Securities, LLC, a FINRA registered broker dealer focused on clean energy and sustainable development opportunities. Prior to Ambata, Trent was head of sales for the UK and Ireland at Soleil Securities, an independent equity research and brokerage firm. He was also responsible for initiating investment banking efforts in the Alternative Energy sector. He has been actively involved in conservation and non-profit efforts, including the establishment of the Fisheries Conservation Foundation and working with Peace One Day, a non-profit NGO dedicated to the establishment and observance of the International Day of Peace and Ceasefire. Trent Philipp has a BA in political science from the University of Richmond and an MBA from NYU’s Stern School of Business.

Baldvin Björn Haraldsson – Board Member

Baldvin Björn Haraldsson is the Chairman of Elements by BBA//Fjeldco. He specializes in Renewable Energy and M&A. He has extensive experience in relation to renewable energy projects and review of renewable legal frameworks. He has advised on regulatory frameworks for renewable energy in jurisdictions such as Iceland, Djibouti, Comoros, Bulgaria, Kazakhstan, El Salvador, Columbia, Honduras, etc. Baldvin Björn is a Supreme Court Attorney, admitted in both Iceland (1994) and France (1998), has a master’s degree from the University of Iceland School of law, a DESS from the University of Nice, and a 3ème cycle from ILERI university in Paris, France.

Anna Bríet Bjarkadóttir – Geologist

Anna Bríet holds an M.Sc. in bedrock geology from Lund University where she specialised in geochemistry. She has hands-on experience in geochemical analysis such as various lab work, SEM analysis and is trained in QGIS.

Hermann Baldursson – Chief Financial Officer

Hermann has an MBA from Michigan State University and a B.Sc. degree in Economics from the University of Iceland. He has a wealth of experience in finance work relating to renewable energy and geothermal projects, including budgeting, valuation, profitability assessments, financing and fundraising. Prior to joining RG, he was a founding partner at Centra, a corporate finance boutique specializing in infrastructure projects, and the Director of Finance at Baseload Power Iceland, a developer of geothermal projects.