Dr. Marit Brommer joins Arctic Green Energy as Senior Advisor to accelerate international expansion. Reykjavik – September 23, 2024 Arctic Green Energy, the world’s leading geothermal company, is pleased to announce the appointment of Dr. Marit Brommer, Executive Director of the International Geothermal Association (IGA), as a part-time Advisor. In this new role, Dr. Brommer will help drive Arctic Green Energy’s international growth strategy through project lead generation and project scoping, focusing on accelerating geothermal development in power generation, heating, and cooling. Dr. Brommer brings over two decades of experience in the extractive and geothermal industries. As Executive Director of the IGA, she oversees the management, engagement, and development of a 5,500-member strong global network, coordinating 35 affiliated country members. Her extensive background includes leading R&D for sub-surface projects at Shell, serving as an Exploration and Production Geologist at Total, and consulting at Royal Haskoning in the UK. Dr. Brommer holds a PhD in Reservoir Geology from Delft University of Technology. The appointment comes at a time of significant momentum for Arctic Green, which has developed geothermal heating and cooling projects in over 70 municipalities across Asia, Europe, and the Middle East and continues to expand in new regions. Through its joint ventures, Arctic Green leads the world’s largest geothermal heating and cooling consortium, commanding 40% of the global market share for active deep geothermal wells, including the largest market share in China. Sigurdur Atli Jonsson, CEO, Arctic Green Energy“We are excited to welcome Dr. Brommer to the Arctic Green team. Her vast experience and passion for the geothermal sector will be a game-changer for us as we continue to scale globally. Marit’s insights and leadership will help us unlock continued growth, particularly in our new markets where geothermal stands ready to reshape the energy landscape. With her onboard, Arctic Green is now one step closer to reaching new heights as the world’s foremost geothermal player.” Dr. Marit Brommer“I am thrilled to join Arctic Green as a Senior Advisor on a part-time basis. In this role, I will be offering strategic guidance and insights to support the company’s continued growth and success, with a geographic focus on Asian and Middle Eastern markets which hold enormous untapped potential for geothermal energy to decarbonize cities and enable green grids. While I am excited to begin this new chapter, I will also continue to serve in my current capacity at the IGA, balancing both roles to contribute effectively to both organizations. I am grateful for the opportunity and look forward to collaborating with the talented team at Arctic Green.” This appointment underscores Arctic Green Energy’s commitment to maintaining its leadership in the rapidly growing geothermal sector, as the world increasingly turns to renewable energy to meet decarbonization goals.

Reykjavik, Iceland – 20 September 2024 Arctic Green recently participated in a high-profile event at Hotel Reykjavik Natura, where a delegation of 23 Mongolian officials met with Icelandic experts to exchange ideas on sustainable strategies. The full-day conference was divided into two main themes: the first focused on Sustainable Energy and Sustainable Tourism, while the second part addressed Financial Strategies to support these initiatives. Sigurdur Atli Jonsson, CEO of Arctic Green, delivered two keynote speeches, highlighting the export of Icelandic geothermal expertise to China and the successful rollout of international geothermal projects. He emphasized how Arctic Green's experience in China could offer valuable insights for geothermal development in Mongolia. H.E. Olafur Ragnar Grimsson, former President of Iceland (1996-2016) and Chairman of the Arctic Circle, also made significant contributions. The event promoted an open dialogue between Icelandic and Mongolian officials, fostering mutual learning and collaboration, with Mongolian representatives showing strong interest in Iceland's innovative approaches to energy and sustainability challenges. The delegation included key figures from the Office of the President, Ministry of Environment and Climate Change, National Energy Center, and major Mongolian financial institutions. The event also marked the 50th anniversary of Icelandic diplomatic relations with Mongolia.

Budapest, Hungary Gábor Molnár, Managing Director of Arctic Green Engineering, will speak at the upcoming Budapest Geothermal Energy Summit (Budapest Geothermal Energy Summit) on September 20, 2024. In his interview with CEENERGY NEWS , Molnár highlighted the steady growth of the geothermal market in Central and Eastern Europe, driven by its low emissions and stable energy supply. Despite challenges like high upfront costs and drilling uncertainties, he emphasized the importance of geophysical surveys and regulatory support to mitigate risks. Molnár noted that both industrial and residential sectors are increasingly investing in geothermal energy due to its reliability as a baseload source. He called for better regulatory frameworks and risk mitigation measures to enhance geothermal adoption. He also discussed recent technological advances and successful projects, such as drilling near Nyíregyháza, demonstrating geothermal's untapped potential in Hungary and beyond. Molnár sees a bright future for geothermal energy, with the potential to revolutionize heating, cooling, and electricity production, especially as part of a combined renewable energy approach. Read the full interview here.