Aurora Fiskeldi to develop 28,000-ton land-based farm.
Icelandic startup Aurora Fiskeldi ehf is set to construct a 28,000-ton land-based fish farm at Grundartangi in Hvalfjörður, north of Reykjavik. The project will be implemented in three phases and will utilise proven flow-through technology, designed to reduce energy costs through low lifting height of seawater and potential heat reuse from nearby industrial facilities.
The company was founded by Helgi G. Sigurdsson and Jóhannes Sigurdsson, both experienced professionals in the Icelandic salmon farming sector. They previously oversaw the construction of a 27,000 m³ seawater post-smolt facility in Southwest Iceland, with an annual production capacity of approximately 1,000 tons of post-smolt up to 1,200 grams.
Helgi Sigurdsson, co-founder and CEO of Aurora Fiskeldi, was a co-founder of Laxar Fiskeldi (now Kaldvik) and served as CEO of Laxar from 2012 to 2018. He has extensive expertise in management, project execution, and consultancy, holding a BSc in Production Engineering and an MSc in Marketing and International Business.
Jóhannes Sigurdsson, COO of Aurora Fiskeldi, has been involved in the development of Laxar Fiskeldi’s smolt and post-smolt facilities in Southwest Iceland. With a background in aquaculture education from Norway, he brings over 20 years of management experience in smolt production across Norway and Iceland.
Aurora Fiskeldi has secured initial financing and is currently undertaking environmental assessments, licensing applications, and concept design and engineering.
Groundwork is scheduled to commence early next year, with the first harvest expected by the end of 2027.
