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.

Reykjavík, Iceland The inaugural Arctic Green Partnership Summit, held in Reykjavík on May 28, marked a paradigm shift in the discussion on the future of the global geothermal industry. Spearheaded by H.E. Ólafur Ragnar Grímsson, former President of Iceland and Chairman of the Arctic Circle, this prestigious event brought together a dynamic and diverse group of industry leaders from sixteen countries. Grímsson, renowned for his leadership and advocacy in sustainable energy, chaired the summit and delivered a compelling keynote address that set the tone for the event. In his remarks, he highlighted the vast potential and associated economic benefits of geothermal deployment, as evidenced by the Icelandic experience. The Summit’s opening also featured keynote addresses from a set of prominent thought leaders across clean energy, climate change, and policy fields: H.E. Gudlaugur Thor Thordarson, Minister of the Environment, Energy and Climate of Iceland, underscored his country’s rapid decarbonization achieved through large-scale geothermal energy development for power generation and heating applications. Einar Þorsteinsson, Mayor of Reykjavík City, emphasized geothermal energy’s ability to transform cities into low-carbon centers for sustainable urban growth, as demonstrated by the Reykjavík model. Adnan Amin, CEO of COP28 and Director-General Emeritus of IRENA, stressed the critical role of geothermal energy and innovation for driving an energy transition aligned to the recent UAE Consensus adopted at COP28 and in meeting global net zero goals. H.E. Attila Steiner, State Secretary for Energy and Climate, described his country’s recent National Geothermal Strategy to double geothermal energy utilization by 2030 and the accompanying benefits to national economic competitiveness and domestic industries. Li Yonglin, Director and Senior Vice President of Sinopec Corp., highlighted the cutting-edge projects undertaken by Sinopec Green Energy (a joint venture between Sinopec and Arctic Green Energy) that provide clean and efficient heating solutions across China by integrating geothermal energy into urban infrastructure. Haukur Hardarson, Chairman and founder of Arctic Green, underlined the enormous untapped geothermal resource potential globally and opportunities to leverage AI for more efficient and resilient geothermal systems that support smarter, more adaptive energy solutions. Under the theme "Heating and Cooling Cities: Decarbonization and the Next Energy Revolution," the summit put a spotlight on the pivotal role of advanced heating and cooling technologies in urban settings. In depth discussions included the revolutionary "geothermal plus" model by Sinopec Green Energy, an innovative approach combining baseload (available 24/7) shallow geothermal resources for heating, cooling, and hot water production with solar and storage to seamlessly integrate multi-energy systems. Participants also explored how AI could enhance geothermal development and the management of urban energy infrastructures. A key focus throughout the summit was the importance of forging extensive cross-sector and cross-border collaborations. Participants repeatedly acknowledged that partnerships are critical drivers for the geothermal industry, which has historically been fragmented among relatively small entities with less influence on decision makers compared to other clean energy industries. This collaborative spirit underscored the need to continue fostering essential dialogues and strategic alliances to harness the untapped power of geothermal energy and bring it to the forefront of the global energy transition. The summit culminated in a powerful commitment to ongoing international dialogue and cooperation, setting the stage for future advancements in the geothermal sector. The Arctic Green Partnership Summit is set to become a recurring and exclusive thought leadership forum, cementing its place as a premier gathering for the geothermal industry. The event will continue to serve as a unique platform for industry leaders to share insights, advance deal flow, shape policies, and drive the future of geothermal energy. Preparations for the next iteration of the Arctic Green Partnership Summit are underway, with an announcement being planned for the near future. For further details, please contact: Arctic Green – Chairmans Office: chairmansoffice@arcticgreen.com

At the 5th Icelandic Geothermal Congress, Arctic Green CEO Mr. Sigurdur Atli Jonsson emphasized in his speech the company’s integral role in the global shift towards sustainable energy, particularly in geothermal heating and cooling projects. Arctic Green, a leader in renewable energy, has expanded its portfolio to include over 1,000 medium-to-deep and 6,500 shallow geothermal wells, boasting a combined capacity of 10GWth. Mr. Jonsson highlighted that while the power sector has seen a growth rate of 3.5%, heating and cooling have experienced a more robust 9% growth. Emphasizing the importance of collaboration, Mr. Jonsson stated, "By simplifying regulatory frameworks, including licensing processes and price control mechanisms, and by curbing fossil fuel subsidies, the forces of competition in geothermal utilization will become stronger and the incentives will be there to invest in the most efficient capacity at the most economical prices for the consumers, while at the same time ensuring responsible and sustainable utilization of resources, energy security and price stability" Mr. Jonsson also noted the company's recent strategic agreements aimed at expanding their influence, including collaborations in Saudi Arabia and Slovakia. Furthermore, he mentioned how moderate heat from geothermal resources is becoming increasingly crucial in enhancing food production capabilities, ensuring future food security. Projects like the transformation of Xiongxian, China from coal to clean geothermal energy highlight Arctic Green’s dedication to innovation and sustainable practices. The company continues to seek new partners to extend its geothermal impact, aiming to solidify its role in a clean, energy-secure future.

Arctic Green participated in the 5th Icelandic Geothermal Congress themed "Redefine Tomorrow with Geothermal" held at Harpa Conference Hall in Reykjavik, Iceland between May 28th to 30th. The event was a resounding success, attracting 600 attendees from over 50 countries. This event explores new opportunities and diverse developments in the geothermal sector, emphasizing its role in achieving a sustainable future with a net-zero carbon footprint and reshaping urban landscapes. The week was truly a geothermal week for Arctic Green, we kicked off with the first Arctic Green Partnership Summit where leaders from all over the world participated in discussions about the future of geothermal and importance of partnerships across the globe. As a platinum partner at the IGC, Arctic Green played a pivotal role throughout the congress. Our team engaged in numerous essential sessions, including Heating and Cooling, Geothermal in Urban Planning, and Geothermal Operations to name a few. Our booth, titled "Geothermal Heating and Cooling: The Next Energy Revolution," showcased our latest advancements in Geothermal Plus and various other products we are developing using geothermal technology. Our CEO, Sigurdur Atli Jonsson, gave a speech at the closing ceremony where he emphasized our expansion in geothermal projects and expressed his keen interest in seeking partners to advance global sustainable energy solutions. IGC will be held in Iceland in 2027.

We are thrilled to welcome Priya Mohan as the newest member of our executive leadership team, serving as the Group Chief Financial Officer, based in Singapore. With over 25 years of comprehensive experience in finance, accounting, strategic planning, mergers and acquisitions, and IPO preparation, Priya is a seasoned Chartered Accountant. Her impressive career includes a 19-year tenure at Siemens, where she held pivotal roles such as Global Head of Performance Controlling and Global Head of Accounting and Controlling. Following her time at Siemens, Priya assumed the role of Group Vice President at the Sivantos Group / WSAudiology Group. In 2020, she embarked on an entrepreneurial venture, founding ValueBridge Advisory, where she has among other things provided advisory services to Arctic Green in relation to establishing the company’s finance function in Singapore. The dynamic growth of Sinopec Green Energy, characterized by significant asset acquisitions, international expansion, and IPO readiness plan, call for the undivided attention of Charlotte Zhao, who has adeptly juggled the CFO responsibilities alongside her significant roles as Arctic’s CEO in China and CFO of Sinopec Green Energy, in addition to board duties for both Arctic and Sinopec Green Energy, will now focus more on these strategic areas. Charlotte’s transition from the CFO role also includes passing her responsibilities in our Audit Committee to Priya. These changes underscore our commitment to strengthening our leadership as we pursue our ambitious goals. They ensure dedicated focus on our core assets in China, while also driving financial strategies and expanding our presence globally.

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. Watch the whole speech here: LINK

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. Meet us at WGC on booth 2B025 link to WGC event

Geothermal Energy Used for Heating and Cooling - Interview with Arctic Green Energy’s CEO, Sigurdur Atli Jonsson Icelandic newspaper Morgunbladid had an interview with Sigurður Atli Jónsson, the Chief Executive Officer of Arctic Green Energy. In this article, he shared Arctic Green Energy's remarkable growth in China and future projects. Arctic Green Energy's history traces back to 2002, when China's President Jiang Zemin expressed great interest in Iceland's geothermal resources. This led to the founding of Sinopec Green Energy, jointly owned by Icelandic and Chinese parties. Arctic Green Energy has made significant strides in China, drilling over 900 boreholes and completing more than 1000 geothermal projects, providing heating for around 90 million square meters and having the rights to heat around 400 million square meters. The efforts will save approximately 5.2 million tons of carbon dioxide emissions in 2023 , making it Iceland's most significant contribution to climate change. Despite geothermal energy being an underutilized resource worldwide, Arctic Green Energy is determined to present it as a viable solution for heating and cooling needs, with about 70% of the world's population requiring cooling. Arctic Green Energy has experienced substantial growth, increasing by about 30% annually in revenues and operations, primarily focusing on Southeast Asia, the Middle East, and Eastern Europe. While most operations are international, Arctic Green Energy values its roots in Iceland. Arctic Green Energy's success is rooted in Icelandic geothermal expertise and aims to maintain the knowledge center in the country. Sigurdur Atli´s involvement with Arctic Green began through project financing and advisory servicer. Sigurdur Atli joined the board of the company before becoming the CEO of Arctic Green in 2022. Source Morgunbladid, reporter Thorlakur Einarsson Date July 13, 2023

Arctic Green Energy acquires Mannvit in Budapest Kopavogur, June 15, 2023 – Arctic Green Energy has announced the acquisition of Mannvit Kft in Hungary, a subsidiary of Mannvit hf. The company, headquartered in Budapest, is the leading consulting and services firm for geothermal projects in Hungary and neighboring countries in Central Europe, as well as an experienced engineering company in building and infrastructure projects. The company employs about 20 professionals in the fields of geothermal energy and construction engineering. Mannvit Kft was founded in 2007, and its employees have extensive experience and knowledge in the development and implementation of geothermal projects in both the heating and electrical energy sectors. There is a great demand for heat energy from renewable sources to meet the heating needs in Europe, as burning fossil fuels with associated greenhouse gas emissions is the most common method for heating buildings. Therefore, the utilization of geothermal energy in Central Europe is experiencing significant growth, as there are favorable conditions for the utilization of geothermal energy in the region both for direct use and electricity production. Geothermal energy is a clean, renewable resource, and its utilization contributes to energy security. Arctic Green Energy, which owns and operates the world’s largest geothermal district heating system, has been involved in development projects in Budapest and elsewhere in Europe in recent years. The company will operate Mannvit Kft in Hungary as an independent consulting firm. Gabor Molnar is the managing director of Mannvit Kft in Hungary and will continue to lead the company. “Geothermal energy has been proven its feasibility in the recent years, thanks to the increasing demand for green energy supply by securely available, local energy sources. It has a booming market nowadays in Hungary, as well as in CE Europe and Worldwide. Mannvit Kft, being experienced in all aspects of geothermal projects, can successfully participate in geothermal developments all around the Globe, support its various Clients in Hungary and in the international market, and assist developments by our geoscience and engineering services. We are excited to join forces with the Arctic Green Energy group, opening enormous opportunities to further increase our activities, gain more experiences and help communities to reduce pollution and achieve their climate protection goals.” said Gábor Molnár, managing director of Mannvit Kft, Hungsary. “Energy transition in the heating and cooling sectors is the biggest solution to achieve success in greenhouse gas reduction. Geothermal energy is an important part of that solution, as we have demonstrated in about 800 geothermal projects that we and our portfolio companies are operating and developing. We have already started working on several such projects in Central Europe and have benefited from the outstanding consultancy services of Mannvit Kft. in Budapest. We are therefore extremely pleased to strengthen our relationship with them in this way,” said Sigurður Atli Jónsson, CEO of Arctic Green Energy. About Arctic Green Energy Arctic Green Energy (www.arcticgreen.com) is a leading company in renewable energy. It specializes in solutions based on geothermal energy for heating, cooling, and electricity production. The company is expanding its operations by integrating geothermal energy with other renewable energy sources and has participated in university-level education to train new generations of geothermal experts. The company operates globally, including in Asia and Europe. Arctic Green Energy has its roots in Iceland’s internationally recognized geothermal expertise and operates knowledge centers there. For further information: Sigurdur Atli Jonsson, CEO of Arctic Green Energy

Pannonian Basin as a platform for geothermal leadership – interview with Arctic Green Energy’s COO, Eirikur Bragason In an interview with Eirikur Bragason on CEEENERGY NEWS, the Chief Operating Officer of Arctic Green Energy stated the focus was on the challenges and opportunities facing the European geothermal sector, particularly in Central and Eastern Europe. Bragason highlighted the potential for geothermal district heating networks to replace fossil fuel-based heating, which accounts for a significant portion of energy consumption in cities. Central Europe, in particular, has favorable conditions for geothermal development. However, the main challenge lies in preparing existing heating grids for renewable energy by lowering operational temperatures and planning new grids accordingly. Bragason emphasized the importance of implementing energy transfer in steps, including upgrading heating systems in residential areas and involving house owners in long-term maintenance plans. Arctic Green Energy is actively involved in multiple geothermal projects across Central Europe, including Hungary, Slovakia, Poland, and Croatia. Bragason identified the countries in the Pannonian Basin (Hungary, Slovakia, Croatia) as potential leaders in adopting geothermal district heating due to the suitability of their geothermal resources. Looking ahead, Arctic Green Energy envisions most cities in Central Europe being heated with geothermal energy or waste heat within a decade, resulting in a significant reduction in CO2 emissions. The company sees a few key players in the industry with access to funding, and the regulatory frameworks in Central Europe are being adapted to facilitate the financing of geothermal projects. Arctic Green Energy will participate in the Budapest Geothermal Summit on June 5 in Hungary, where Mr Eirikur Bragason will participate in the Panel discussions for “Geothermal Opportunities in District and Industrial Heating” at 13:50-14:05. Read the Full article here on CEEENERGY NEWS

Sinopec Green Energy Geothermal Development awarded the 2022 IFF Global Green Finance Innovation Awards. The International Finance Forum (IFF) presented the IFF Global Green Finance awards in its global meeting on December 3rd., where Sinopec Green Energy Geothermal Development CO.Ltd (“SGE”) was awarded the innovation award for their “Carbon Neutrality” green bond. Mr. António Guterres, Secretary-General of the United Nations, and Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund, addressed the opening ceremony of the Annual Meeting. The IFF award is granted to institutions that have contributed significantly to sustainable development through green financing and carried out projects that contribute to that cause. This year´s award focuses on sustainable green growth and post Covid economy recovery. IFF is a China-based international organization established by finance leaders of 20 countries and regions. Supported by more than 200 political and financial global leaders, IFF has established partnerships with over 50 countries and regions and more than 50 international and regional organisations, including the UN, IMF, and World Bank. Under the leadership of Dr. Han Seung-soo, Co-chairman of IFF, Chairperson of the Council of Presidents of the UN General Assembly (UNCPGA), and former Prime Minister of the Republic of Korea. The bond was issued in March 2022 by the Shanghai Stock Exchange to finance geothermal development and utilization and research and development in geothermal technology. It is the first carbon neutrality bond issued in the geothermal industry. The bond also witnessed SGE´s debut in the financial markets. This innovative bond offers an approach to support geothermal industry growth through green financing. SGE is the subsidiary of Sinopec Star and Arctic Green Energy. The company is a key player in the Chinese geothermal industry, with about 35% market share. Its head office is in Xiong’an and specializes in geothermal development and utilization. The company has more than 750 heat centrals and has drilled more than 800 wells. The company helps save about 4,5 million tons of CO2 each year.

Nordic Green 2022 – Green Transition and Energy Resilience Arctic Green participated in the Nordic Green Event in Singapore on October 26, themed “Green Transition and Energy Resilience,” held at the Orchard Hotel in Singapore. The Founder and Chairman of Arctic Green Energy Mr Haukur Hardarson, was among a strong lineup of industry leaders that shared their perspectives on energy solutions and investments for transitioning to a greener grid for future energy efficiency. Mr Hardarson shared his views on the importance of utilizing lower temperatures of geothermal for heating and cooling cities. Among other participants were representatives from Hitachi Energy, Neste and Black & Vetach. The Nordic Innovation House jointly organized the event in Singapore and representative organizations from the Nordic countries, including Business Iceland and the embassy of Iceland in Japan. Full panel discussion with Mr Hardarson can be found in the link below. Nordic Green 2022: Green Transition & Energy Resilience

European Geothermal Congress October 17-21 in Berlin Arctic Green Energy will participate in the European Geothermal Congress (EGC) in Berlin, Germany, from 17 to 21 October 2022. Mr Eirikur Bragason, our Chief Operating Officer, will be a speaker at the Semi-Plenary 1B, “Technological trends in Geothermal heating and cooling” on Wednesday, 19. October between 9:00 – 10:30 in Room B05+B06. The European Geothermal Congress (EGC) is the biggest event in the entire European geothermal sector and attracts over one thousand participants worldwide. With the current energy crisis in Europe, with energy prices for heat multiplying and still rising, the timing of this Congress is perfect. Including geothermal in the energy mix has probably never been so important. Geothermal heating has been proven on a massive scale in Iceland and China, and the model can easily be repeated in Europe. Cities heated with geothermal can enjoy price stability, energy security, and a clean environment. Meet us at EGC in Berlin.

Arctic Green to participate in Arctic Circle Assembly 2022, October 13-16, in Reykjavik Arctic Green will participate in the Arctic Circle Assembly 2022 that will take place in Reykjavik from 13-16 October 2022. The chairman and founder of Arctic Green Mr Haukur Hardarson, will be a speaker at the Assembly under the Plenary Session: Global Renewable Energy Transformation: Urban Solutions For the Climate. The joint speaker at the session will be Mr Erik Knive, Investment Director at Aker Horizons, a leading Norwegian industrial investment group that focuses on building companies that reduce CO2 emissions. The chair will be hosted by H.E. Olafur Ragnar Grimsson, the Arctic Circle Chairman and President of Iceland from 1996-2016. The Assembly features 600+ speakers in over 200 sessions from nearly 70 countries. There will be over 2000 attendees where Arctic issues, climate change, clean energy, and blue economy among other topics will take place during the Assembly. The Plenary Session will take place on October 15th, from 15:10 – 15:45

Eirikur Bragason joins Arctic Green Energy as Chief Operating Officer NEW POS Singapore, 30. September 2022 – Eiríkur Bragason has joined Arctic Green Energy as COO and will oversee new projects focusing on geothermal power and heat in Europe. Previously, Mr. Bragason was the CEO of KS ORKA Renewables in Singapore, the owner and developer of geothermal projects in Sorik Marapi and Sokoria in Indonesia and other renewable projects in Europe. Prior to that, Mr Bragason was CEO of ORKA Energy Singapore, now Arctic Green Energy, and worked on the development of geothermal district heating in China and geothermal developments in the Philippines. He was also previously the onsite engineer for the expansion of the Nesjavellir geothermal power plant and several other geothermal projects in Asia and Europe. Eiríkur Bragason is an engineer with Dipl.-Ing. from TU Berlin specializing in plant and project management, and business management. “We are very happy to have Mr. Bragason joining the firm again, now to lead development of new Arctic Green projects with focus on Europe” says Haukur Harðarson, founder and chairman of Arctic Green Energy. About Arctic Green Energy Arctic Green Energy (www.arcticgreen.com) is a leading renewable energy company specialising in the various applications of geothermal energy, from district heating and cooling to power generation. The company is also expanding into co-generation with other renewable energy sources and has established university level programs to train new generations of geothermal experts. Based in Singapore and with operations in China and Europe, Arctic Green Energy has its roots in the well-established geothermal sector in Iceland and maintains a knowledge centre there. Further information: Sigurdur Atli Jonsson, CEO of Arctic Green Energy alti@arcticgreen.com