Founder and Chairman Haukur Hardarson shortlisted for Chief Trailblazer of the Year; winners announced December 3 in New York 20 October 2026|REYKJAVÍK, Iceland – Arctic Green Energy today announced that its Founder and Chairman, Haukur Hardarson, has been named a finalist for Chief Trailblazer of the Year at the 2026 Platts Global Energy Awards, hosted by S&P Global Energy. The program, now in its 28th year, is the energy industry’s premier recognition event, with finalists this year drawn from 36 countries around the world. The Platts Global Energy Awards recognize corporate and individual innovation, leadership, and exemplary performance across 19 categories spanning the entire energy value chain. Hardarson’s recognition reflects two decades of pioneering work to establish geothermal as core clean-energy infrastructure. Since 2006, he has built Arctic Green Energy around a single conviction: that Iceland’s geothermal knowledge could be applied at scale around the world. Through its long-standing joint venture with Sinopec, the company has since built Sinopec Green Energy, the world’s largest geothermal heating and cooling platform, serving more than 3.5 million people across 70+ cities, counties, and districts in China, with over 1,200 deep geothermal wells drilled, and more than 25 million tons of CO₂ emissions avoided since 2006. “Iceland’s greatest energy export is not geothermal energy itself. It is geothermal knowledge,” said Haukur Hardarson, Founder and Chairman of Arctic Green Energy. “For twenty years we have worked to share that knowledge at scale – proving that geothermal can revolutionize heating and cooling for cities and industry around the world.” Winners of the 28th annual Platts Global Energy Awards will be announced on the evening of December 3 in New York City. Winners are determined by an independent panel of international energy experts whose backgrounds span regulation, policymaking, corporate leadership, trading, and strategic consulting. The full list of 2026 finalists is available at https://www.spglobal.com/energy/en/global-energy-awards About Arctic Green Energy Arctic Green Energy is a global infrastructure and technology company pioneering geothermal heating and cooling. Founded in 2006, Arctic Green Energy develops, owns, and operates industrial-scale geothermal systems that deliver clean, reliable, 24/7 energy for cities, industry, transport hubs, and data infrastructure. Through Sinopec Green Energy, its long-standing joint venture with Sinopec, Arctic Green Energy has built the world’s largest geothermal heating and cooling platform, serving more than 3.5 million people across 70+ cities, counties, and districts in China, with more than 1,200 deep geothermal wells drilled. Arctic Green’s platform is powered by innovation and engineering, with centers in Iceland and Hungary, and supported by more than 320 registered geothermal patents.

Beijing, 14 October 2025 – This week marks a milestone in the long-standing cooperation between Iceland and China in geothermal energy. H.E. President Halla Tómasdóttir of Iceland visited China at the invitation of President Xi Jinping, where the two leaders reaffirmed their countries’ shared commitment to advancing renewable energy collaboration, with geothermal at the heart of their efforts. At the conclusion of the visit, the two governments issued a joint statement emphasizing the importance of deepening cooperation on clean energy innovation, technology exchange, and climate action. Geothermal energy was highlighted as a model of success and a central pillar of future collaboration. For Arctic Green Energy, this moment holds particular significance. The achievements of Sinopec Green Energy (SGE), the joint venture between Arctic Green Energy and Sinopec Star, stand as the foundation for this new phase of cooperation is being built. Over nearly two decades, the partnership has transformed geothermal energy from a local Icelandic strength into a massive green solution for China, serving millions of people with clean, affordable, and reliable heating and cooling. A Shared Vision for Clean Energy Leadership The Iceland-China partnership on geothermal energy is one of the most successful examples of international cooperation in sustainable development. SGE is now the world’s largest and fastest-growing geothermal heating and cooling company, having already reduced CO₂ emissions by over 25 million tons and holding more than 250 industry-leading patents. Next year, this pioneering collaboration will mark its 20th anniversary, a testament to sustained vision, mutual respect, and joint innovation. With increasing global attention on the role of renewable heating and cooling in decarbonization and energy security, SGE’s model is more relevant than ever. President Tómasdóttir’s Visit to the Arctic Green Energy Office in Beijing As part of her visit, President Tómasdóttir met with a delegation from Arctic Green Energy, led by Founder and Chairman Haukur Hardarson, and Sinopec Group, led by Chairman Hou Qijun. The meeting reflected on two decades of successful cooperation between Iceland and China and explored the next chapter of collaboration. Discussions focused on continued growth of SGE’s operations in China and internationally, the strengthening of research and development ties between the two countries, and the expansion of geothermal education and training through the Iceland-China Geothermal Training Program. In addition, new opportunities were highlighted including applying geothermal energy to emerging global needs, from sustainable urban heating, to industrial-use applications, and clean cooling for AI data centers. Looking Ahead: From Bilateral Success to Global Leadership As the world seeks scalable and reliable solutions to the climate crisis, geothermal energy is moving from the margins to the mainstream. Iceland and China’s joint leadership in this field demonstrates how cross-border collaboration can deliver both environmental and economic benefits on a global scale. Reflecting on the significance of this moment, Haukur Hardarson said: “The state visit and joint statement mark a defining moment in the journey of Sino-Icelandic cooperation on geothermal energy. They are a recognition not only of what we have already achieved together, but also of the enormous potential that still lies ahead. Over the past 19 years, our partnership has shown how collaboration built on trust, shared values, and technological excellence can turn geothermal energy into a cornerstone of clean and affordable living for millions. As we approach the 20th anniversary of our collaboration, we look to the future with great optimism. Together with our partners at Sinopec and the continued support of both governments, we are ready to expand our reach, deepen our innovation, and strengthen our leadership in the global green energy transition. This is just the beginning of what Icelandic and Chinese cooperation can continue to achieve for the planet.”

Beijing, 30th June 2025 – Arctic Green Energy is proud to announce the appointment of Charlotte Xin Zhao as its new Global Chief Executive Officer, marking a defining moment in the company’s mission to scale its geothermal operations worldwide. Having led Arctic Green Energy’s China operations for more than ten years and spent 19 years overseeing finance and investment at Sinopec Green Energy, Charlotte brings a rare blend of strategic vision, financial discipline, and hands-on leadership. She played a key role in registering the first geothermal district heating project with the UN’s Clean Development Mechanism and helped to accelerate the development of the geothermal industry in China. During her tenure, Sinopec Green Energy has become the world’s largest and fastest-growing geothermal heating and cooling consortium, operating over 100 million square meters that serve over 3 million customers across over 60 cities and counties in the country. As a result, the company has saved over 25 million tons of greenhouse gas emissions. “Charlotte is uniquely positioned to enhance Arctic Green’s global operations and support the company’s next phase of growth,” said Founder and Chairman Haukur Hardarson. “Her ability to navigate public-private partnerships, her leadership in scaling geothermal energy in China and her track record in managing complex finance and M&A transactions make her an outstanding choice to lead us forward.” Charlotte’s appointment strengthens Arctic Green’s international momentum: Deepened strategic partnerships: Charlotte’s long-standing collaboration with government agencies, investors, and local stakeholders has strengthened Arctic Green’s ability to forge trusted, long-term partnerships – an essential pillar for expanding sustainable energy infrastructure globally. Accelerated expansion: With a proven model from China, where her teams implemented geothermal solutions at unprecedented scale, Charlotte is well-equipped to guide Arctic Green into new markets with impact and confidence. Stronger operational discipline: Her finance-led approach to decision-making and risk management supports sustainable, performance-driven growth. “I’m honored to take on this role at such a pivotal time for Arctic Green,” said Charlotte Xin Zhao. “We are entering a new era of clean energy deployment. With our world-leading geothermal expertise and a clear focus on results, we’re uniquely positioned to help cities transition away from fossil fuels and build a more resilient, low-carbon future.” Charlotte holds a bachelor’s degree from Nankai University, a master’s from Lancaster University (UK), and is an alumna of Harvard Business School. About Arctic Green Energy Arctic Green Energy is a global leader in geothermal solutions, transforming how cities are heated, cooled, and powered. As one of the world’s foremost geothermal knowledge companies, it combines innovation, engineering excellence, and execution expertise to scale sustainable and profitable clean energy projects. It's flagship portfolio company, Sinopec Green Energy, operates the world’s largest geothermal heating and cooling network – with over 1,100 deep wells and more than 100 million m² of connected capacity. Through its Center of Innovation and Engineering Services hub, it provides advanced training, digital tools, and turnkey engineering solutions to partners worldwide.