In Michael Lewis book Boomerang [0], there is a chapter about Iceland and he mentions geothermal.

My understanding:

- b/c of geothermal, huge amounts of electricity are available for low cost

- Iceland being an island makes it VERY expensive to build/transport goods back and forth

- The above combo means that aluminum smelting is the only industry where the electricity availability outweighed the costs of transport and being on an island.

0 - https://amzn.to/4j8r3bO

I have heard about the benefits of aluminum smelting there before.

We already have transatlantic fiber optic cables so I don’t see why “transportation” costs apply here though

Crypto mining was often mentioned too, but I seldom hear of icelandic Bitcoin miners these days.