Additional Heating Capacity Secured in Pipeline

In 2023

Since 2006

Home Page Media

The next energy revolution will not happen without a green transition in heating and cooling - Geothermal is the best solution

Mr. Haukur Hardarson, the Chairman and Founder of Arctic Green Energy, delivered a significant speech during the closing ceremony of the highly successful World Geothermal Congress (WGC) in Beijing in 2023. In his address, he emphasized that the next energy revolution cannot take place without a green transition in heating and cooling.

Despite remarkable advancements in decarbonizing electricity generation and transportation, the critical areas of heating and cooling have been neglected. At present, heating and cooling demand uses more than 50% of the world's total energy consumption annually. Unfortunately, these vital functions still heavily rely on the burning of polluting fossil fuels, which not only leads to environmental degradation, air pollution and health hazards but also lacks the profitability, price stability and health benefits that geothermal energy offers.

Mr. Hardarson highlighted that until we effectively address the challenges associated with heating and cooling, the world will struggle to meet its climate targets. Geothermal energy, which has been underutilized for far too long, should now take center stage. The mission of the geothermal community is to educate decision-makers, policymakers, and the public about the immense potential of geothermal energy and the positive impact it has on cities worldwide.

During the congress, Arctic Green Energy, in partnership with Sinopec made a momentous announcement about taking their joint venture in China Sinopec Green Energy (SGE) already the world´s largest district heating company to a global platform.SGE aims to work with partners to transform urban landscapes and replace smog-filled skies with clear, blue horizons using geothermal energy.

Keynote speech of Mr. Haukur Hardarson at the WGC closing ceremony

Arctic Green Energy and partner Sinopec announce their Sino-Icelandic JV, Sinopec Green Energy is going global

Arctic Green Energy and its partner Sinopec made a major announcement at the World Geothermal Congress (WGC): their joint venture, Sinopec Green Energy (SGE), already the world's largest geothermal heating and cooling company, is going global. Sigurdur Atli Jonsson, CEO of Arctic Green Energy, and Liu Shiliang, President of Sinopec Star, signed the cooperation agreement on behalf of the. Sinopec Green Energy shareholders.

With 18 years of successful operation in China, Sinopec Green Energy has emerged as the global leader in geothermal heating and cooling, serving over 70 cities and municipalities across 7 of the 9 Northern Chinese provinces. The impressive track record includes nearly 1000 geothermal wells and coverage is fast approaching 100 million sqm.

Sinopec Green Energy, through its Geothermal Plus approach, uses geothermal as the baseload backbone of multi-clean energy systems. SGE is also expanding fast into geothermal power generation, and advancing their carbon neutrality strategy towards becoming carbon-positive by offering carbon capture solutions. While maintaining their dedication to the momentum already built up in the Chinese market, the company is ready to roll out its solutions to cities and towns around the globe, with an initial focus on Asia and countries along the One Belt, One Road initiative.

The momentum for this expansion is rooted in the robust foundation of China-Iceland cooperation, sharing technical expertise and a common global vision for positive change. By harnessing their intellectual property, drilling and reinjection technology, and multi-energy solutions, SGE aims to be an even more significant catalyst in creating greener and healthier lives worldwide. SGE invite partners to join their mission of transforming polluted cities into clean, breathing cities. CEO of Arctic Green Sigurdur Atli Jonsson reaffirmed their commitment to global aspirations and driving positive change, stating, "We are looking for partners to transition their cities with geothermal."

Arctic Green Energy to participate in World Geothermal Congress in Beijing, China, 15-17 September.

Arctic Green Energy is thrilled to announce its participation in the upcoming World Geothermal Congress, which is set to take place in Beijing, China from September 15th to 17th, 2023. This prestigious event, held once every three years, serves as a vital platform for industry leaders and decision-makers to come together, collaborate, and devise innovative solutions for a sustainable future.

Without green energy transition in heating and cooling the world will not reach net zero goals. Arctic Green Energy is steadfast in its commitment to showcase how harnessing geothermal for heating and cooling can fundamentally reshape cities, turning them from suffering to breathable living environments.

“We are immensely excited about the prospect of attending this event, and we express our sincere gratitude for the honor of serving as a primary sponsor for this momentous occasion. As a global leader specializing in geothermal heating and cooling solutions, we cannot wait to share the story of our JV in China, Sinopec Green Energy, which has proven that geothermal works on a massive scale. It is a perfect example of how geothermal heating and cooling provides a key solution in the global energy transition,” said Sigurdur Atli Jonson, CEO of Arctic Green Energy.

In 2009, Xiong'an city had exceptionally poor air quality due to the city's heavy reliance on fossil fuel power plants. The city's population of 1.1 million suffered.

Column

Between 2009 and 2014 our JV Sinopec Green Energy developed an extensive geothermal district heating system, replacing the old fossil fuel infrastructure. The city is now home to 1.8 million people, with heating capacity of 7.2 million m

. It runs on heat flows from 128 wells and 54 heat centrals. It has a mix of heating, cooling, energy storage, photovoltaic power generation and more applications under development.

Declared "China's first smog free city" and a National Showcase in 2014 by the Chinese National Energy Authority and National Reform and Development Commission.

Inhabitants enjoy a higher quality of life with cleaner air, better health, and cheaper heating energy.

Undergoing transformation to become the Deputy Capital of China.

In 2021, the geothermal utilization in Xiong'an was selected by IRENA as a global showcase in the energy transistions.

Column 2

In 2021, the geothermal utilization in Xiong'an was selected by IRENA as a global showcase in the energy transistion.