First Water is a pioneering Icelandic land-based salmon farming project located in Þorlákshöfn, designed to set new standards in sustainable aquaculture. With a goal of producing 50,000 tons of salmon (HOG) annually at full production, this ambitious project is structured into six phases. We are currently in Phase 1 of development, steadily working towards our full-scale vision.
The facility spans an advanced infrastructure that includes 158 tanks in varying sizes—20, 25, and 28 meters in diameter—built to optimize fish welfare and water circulation. Each phase is designed to ensure the highest efficiency and minimal environmental footprint, leveraging Iceland's natural resources in a sustainable manner.