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Who We Are
At Arctic Green Energy, we are global leaders in geothermal development and one of the world’s foremost geothermal knowledge companies. With a mission to drive the clean energy transition, we develop, own, and operate large-scale geothermal platforms that deliver sustainable heating, cooling, and power solutions in some of the world’s most dynamic and fast-growing markets.
Our projects are designed to decarbonize cities, industries, and energy systems, providing reliable, cost-effective, and scalable alternatives to fossil fuels. Backed by decades of expertise from Iceland and reinforced through our main portfolio company – Sinopec Green Energy – we have built the world’s largest and fastest-growing geothermal heating and cooling platform, operating over 100 million square meters of clean capacity.
From deep and shallow geothermal wells to AI-driven system optimization and digital energy management, Arctic Green Energy combines global expertise with local knowledge to unlock the full potential of geothermal energy and empower communities with 24/7 sustainable solutions.
Our Story
Pioneering Geothermal Solutions for a Sustainable Future
Founded with a vision to bring Iceland’s world-leading geothermal expertise to global markets, Arctic Green Energy has grown into a recognized leader in the clean energy transition. From our early projects in Asia to the creation of Sinopec Green Energy — now the world’s largest geothermal heating and cooling company — we have consistently demonstrated our ability to scale geothermal solutions.
Over the past decade, we have proven that geothermal energy can decarbonize cities, industries, and entire energy systems at scale, driving down emissions while delivering sustainable, cost-efficient baseload energy. Today, we continue to expand our impact, delivering innovative geothermal projects across China, the Middle East, Europe, and Southeast Asia — laying the foundation for the next chapter of global energy transformation.
Driven by Innovation
At the core of Arctic Green Energy’s success is a relentless commitment to innovation, research, and technological advancement.
Our Center of Innovation in Iceland and Arctic Green Engineering Services Ltd. Hungary drive the continuous development of cutting-edge geothermal technologies, geosciences and engineering, advanced drilling techniques, and digital optimization tools that set new standards for efficiency, scalability, and sustainability in the geothermal sector.
Through strategic investments in R&D, AI integration, and system modeling, we ensure our geothermal solutions are smarter, cleaner, and more adaptable to diverse environments - from dense urban centers to industrial applications.
Our robust patent portfolio, totaling over 200 and including some of the most valuable in the industry, covers key geothermal technologies and methodologies, reflecting our leadership in the field and our role in shaping the future of renewable energy.
This unwavering focus on innovation ensures that Arctic Green Energy remains at the forefront of the global energy transition, delivering next-generation geothermal solutions that meet the world’s rising demand for sustainable, baseload energy.
Global Impact, Local Commitment
With an expanding footprint in China, Saudi Arabia, Indonesia, Hungary, and beyond, Arctic Green Energy is partnering with governments, industry leaders, and investors to build the geothermal platforms of the future.
We are committed to knowledge transfer, local capacity building, and creating long-term value for the communities we serve — driving economic diversification, enhancing energy security, and helping nations meet their climate action targets.
Our affiliations
We are proud to partner with globally recognized institutions and industry leaders who share our values and dedication to shaping the future of renewable energy.
Co-founder of the UNESCO Sino-Icelandic Geothermal University in Beijing alongside Sinopec
Member of the United Nations Global Compact, a global consortium of businesses committed to the principle of environmental sustainability, anti-corruption, and human rights
Partner with the National Energy Authority of Iceland in geothermal exploration and international expansion opportunities
Active Leader in the Icelandic Renewable Energy Cluster sharing insights and innovation with energy companies that manage Iceland´s energy resources
Committed to supporting the United Nations 17 Sustainability Goals for a more sustainable future for all by 2030
Partner with the European Geothermal Energy Council to promote the industry across Europe by shaping policy and business conditions and driving R&D
Member of the International Geothermal Association advancing geothermal thought leadership and development and delivering the future of clean energy
Member of the United Nations's Sustainability for All advancing renewable energy expansion
Contributor to International Renewable Energy Agency in research publication
Company History
2006
Partnered with Sinopec to form our JV Sinopec Green Energy and drilled our first well in Xianyang in Shaanxi province
2008
Expanded geothermal heating into Hubei and Shandong provinces
2009
Began construction on Xiong’an, China’s 1st Smog Free City
2011
Expanded into Hebei, doubling our heating capacity
2013
Accepted into the UN Clean Development Mechanism carbon trading scheme (1st geothermal heating company to be accepted)
2014
Created our first intelligent DH management system in Xiong’an
2016
Established Sino-Icelandic Geothermal Technology R&D Center
2017
Co-founded Sino-Icelandic Geothermal University
2019
Invited into the United Nations Global Compact for fair business
2020
Expanded Arctic Green Europe operations
2021
Expanded into Beijing and Tianjin, increasing total heating capacity by 26%
Partnered with GIC to expand operations and decarbonization solutions
2022
Issued first green bond on the Shanghai Stock Exchange
2023
Arctic Green Energy and Sinopec announce the global expansion of Sinopec Green Energy, with a focus on the high-growth markets of Central Europe, Indonesia, and the Middle East
2024
Arctic Green Energy hosts the first annual Arctic Green Partnership Summit, bringing together global leaders to drive collaboration and investment in geothermal energy
2025
Arctic Green Energy signs a landmark collaboration with Saudi Tabreed to develop Saudi Arabia’s first large-scale geothermal cooling projects, supporting the Kingdom’s Vision 2030
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