Iceland's nascent data center industry, powered by cheap, renewable energy, could be a growth driver in that nation's economic recovery and the cloud computing revolution. It could also save your company money. If you're looking to host data between Europe and the U.S., it's worth taking a look at your options in Iceland. Because of Iceland's unique climate, cooling costs are drastically lower than they are in places like New York and London. And the low cost of electricity helps push pricing down further.