1. General Catalyst bullish on Iceland plans

    Boston Business Journal Geothermal
    Venture capital firm General Catalyst Partners is pushing forward with its plans to open a geothermal-powered data center in Iceland despite that country’s economic swoon in recent months. The Cambridge-based firm partnered with Icelandic private equity firm Novator in 2007 to form a joint venture called Verne Holdings, which does business as Verne Global. The venture is planning to open a data center on the site of what once was a NATO air force base. Those plans remain in motion, said David Fialkow, managing director at General Catalyst, even though the Icelandic economy has suffered from an economic collapse.
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