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At Arctic Green Energy, our projects demonstrate the power of geothermal energy to decarbonize urban centers, industries, and energy systems — all while delivering reliable, scalable, and cost-effective clean energy.
As a leading knowledge provider, we develop, own, and operate some of the largest geothermal platforms in the world, working in close collaboration with governments, municipalities, utilities, and industry partners.
Our expanding global footprint – which includes over 1000 wells in operation amounting to more than 6 GWth of capacity – spans China, the Middle East, Europe, and Southeast Asia, where we deploy geothermal solutions are directly supporting energy security, economic growth, and improved quality of life.
Proven Expertise, Expanding Impact
Across every project, Arctic Green Energy applies its technical leadership, innovative approach, and advanced engineering services to deliver bankable, scalable solutions.
Our projects are designed not only to reduce emissions but also to build long-term resilience and energy independence for the communities we serve.
Selected Projects
Xiong'an Geothermal Heating and Cooling
Sinopec Green Energy - world's largest district heating company
Xiong'an Geothermal Heating and Cooling
Xiong’an New Area in China represents the ultimate proof of concept for Arctic Green Energy’s large-scale geothermal heating model and stands as one of the most ambitious clean energy urban projects in the world.
Conceived as a model for sustainable urban development, Xiong’an is a new city designed to accommodate 3 to 5 million residents, located southwest of Beijing. The Chinese government designated Xiong’an as a national priority project, envisioning it as a global showcase of low- carbon infrastructure, renewable energy integration, and environmental stewardship.
Arctic Green Energy, through our main portfolio company, Sinopec Green Energy, has been instrumental in designing and deploying the geothermal district heating network in Xiong’an. The city has a heating capacity of 7.2 million m2, running on heat flows from over 130 wells and 54 heat centrals. It has a mix of heating, cooling, energy storage, photovoltaic power generation and more applications under development.
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Sinopec Green Energy - world's largest district heating company
Founded with the purpose of expanding geothermal district heating in China, SGE has since expanded into additional geothermal applications and other renewable energy utilization techniques It is a Sino-Foreign Joint venture where Arctic Green Energy holds a 46% stake against Sinopec´s 54%.
The company started in Xianyang City of Shaanxi Province and has since expanded into eight provinces and services major cities such as Xiong an, Beijing, Tianjin, Qingdao, Xian and Taiyuan.
Today SGE has over 35% market share of the geothermal district heating market in China, serving more than 70 cities and municipalities with 926+ wells drilled. Our heated area covers 90 million m2 of floor area for residential structures and single industrial consumers, including airports, hospitals, and shopping malls.
Our average well depth is 2.2km and average temperature is 80°C, where we use heat as low as 55°C to heat our systems. Our carbon savings this year is 5.2 million tonnes of CO2 and when we have developed our existing concessions, we will have reached annual carbon savings of 25 million tonnes.
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Geothermal district heating in Budapest
Budapest, Hungary is rapidly emerging as a leader in geothermal district heating in Europe, and Arctic Green Energy is proud to be at the forefront of this transformation. Located above the Pannonian Basin — mainland Europe’s richest geothermal reservoir, Budapest offers ideal conditions for large-scale geothermal development. With growing momentum toward decarbonization, Hungary is prioritizing geothermal energy as a cornerstone of its clean heating strategy.
Arctic Green Energy, through its Engineering Services hub in Budapest, is working closely with local partners to expand geothermal district heating systems that deliver sustainable, cost-effective, and reliable heating to the city’s residents and industries.
The geothermal district heating system features production wells, reinjection wells, centralized heat stations, and seamless integration with existing district heating networks operated by FŐTÁV. This project is designed to replace fossil fuel-based energy sources, significantly reduce carbon emissions, and improve air quality in the city. Once operational, the system is expected to save up to 21,000 tons of CO₂ emissions annually in Budapest.
The first large-scale geothermal project, with a capacity of 10–20 MWth, is being fully integrated into the city’s existing heat supply network. It is expected to provide sustainable district heating to approximately 10,000 average homes, marking a major step toward Budapest’s clean energy and climate goals.
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Geothermal Plus System
Arctic Green Energy’s Geothermal Plus System represents a new frontier in smart, comprehensive clean energy solutions — designed to integrate geothermal energy with a wide range of renewable and low-carbon technologies for maximum efficiency, stronger flexibility, and minimized environmental impact.
Our Geothermal Plus pilot project is located in Xiong County, within China’s Xiong’an New Area, one of the country’s most ambitious green development zones. The system covers a service area of 700,000 square meters and demonstrates how geothermal energy can be intelligently combined with other renewable sources to deliver efficient, reliable, and low-carbon heating and cooling for urban communities.
The Geothermal Plus System is powered by an AI-enabled energy management platform that optimizes the use of multiple renewable energy sources, including Geothermal, Waste heat recovery, Solar thermal energy, Combined heat and power (CHP) systems, Air source heat pumps
This smart integration allows the system to automatically adjust operations in real-time, ensuring maximum energy efficiency, cost-effectiveness, and carbon reduction based on changing
demand and resource availability.
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