The song is called Power, but it kinda feels powerless. It feels like a revamp of Paper and Iceland doesn't have great track record with solo females singing more serious songs. In a year of 37 countries, it could sneak into the Final, when in a normal year, it probably wouldn't, and I don't expect great things for Iceland there.
I actually do not know what this song is about. The staging reminds me of Rykka on steroids, which worries me a bit also. I would give it 6 to 7 points, because it's not terrible and somewhat original, but then also kinda there and pointless.