GEG Management Team

The GEG team consists of the company’s employees, as well as a number of advisors and partners.

Sigthor Jónsson

CEO

sigthor.jonsson@gegpower.is | +354 858 6688

Sigthor has over 18 years of relevant and unique experience in the financial markets, including 10 years as the CEO of financial companies in Iceland and the head of equity and alternative investments teams. He has extensive experience in creating and managing equity and private equity funds and has been a board member for companies associated with those funds.

Sigthor has a MSc. in Finance from the University of Iceland, with his graduate project focusing on financing an energy link between Iceland to the UK, and an MBA from EADA Barcelona where he majored in Energy and Structured Finance.

Overall, he has created, fundraised, and managed over 20 funds in the last 15 years, including asset classes like Icelandic equity, Scandinavian equity, fixed income, mezzanine, private equity funds, tourism, real estate development, real estate, energy, venture capital, and international private equity fund of funds among others. Sigthor also managed various transactions in debt and equity for over 500 million USD. Today, as CEO of GEG, he is actively involved in various geothermal projects globally.

Snorri Einarsson

CTO

snorri.einarsson@gegpower.is | +354 867 1312

Snorri has over 15 years of experience in engineering work related to geothermal power plants. He began his engineering career in 2007 at Iceland’s largest engineering firm, Mannvit, and has remained dedicated to geothermal energy ever since.

He studied Mechanical and Energy Engineering at Reykjavik University, and has a background in Marine Engineering. Snorri joined Green Energy Geothermal International ltd. (a part of GEG since 2020) in 2012, and ever since has been a vital part of the development of GEG ehf.’s geothermal power plant solution.

Rúna Hagalínsdóttir

CFO

runa.hagalins@gegpower.is | +354 866 4455

Runa has over 15 years of experience in the financial sector in Iceland, since the year 2000. Prior to joining GEG, Runa served as the Managing Director of Business Development and Finance at North Tech Energy (NTE). Before joining NTE, Runa became a part of Kvika Investment Bank in 2016, where she worked as a specialist within Operation and Finance, serving as specialist in Organizational Development since 2018. Prior to joining Kvika, Runa was with Straumur investment bank starting in 2007 as their Director of Debt Management, later becoming the CEO and Attorney Assistant.

Runa holds a B.Sc. Degree in Business and Marketing from Reykjavik University and a Masters degree in Business and Administration (MBA) focused on Executive Administration from Reykjavik University since 2014.

Dr. Vijay Chauhan

Chief Research Officer

vijay.chauhan@gegpower.is | +354 864 5779

Dr. Chauhan has a Doctoral degree in mechanical engineering from Reykjavik University. His PhD research work was focused on developing techniques for superheated steam scrubbing and utilization for power generation, in relation to the Iceland Deep Drilling Project (IDDP).

His research interests include thermo-economic optimization of geothermal power plants and mitigation technology development for the treatment of geothermal fluid with acid gas and solid impurities. He also has experience in design and installation for the direct usage of geothermal resources and ground source heat pumps for space heating.

He is also actively involved in teaching and academic research at Reykjavik University, with the objective of narrowing the gap between industry and academia. He has made contributions in terms of publications in various international journals and conferences related to the field of geothermal energy research.

Kendall Cromartie

Director - Marketing & Sustainability Development

Kendall has a Master’s degree in Sustainable Energy from the Iceland School of Energy at Reykjavik University. She has over 3 years of professional experience in the fields of sustainability, the environment, and clean energy — as well as a Bachelor’s degree in Ecosystems Science and Policy. Kendall has worked for various environmental, energy-focused companies and organizations in the past, including the US Department of Energy. 

Her MSc. project was focused on investigating the feasibility of renewable energy systems in the Arctic to reduce the use of fossil fuels, in order to address the localized effects of rising greenhouse gases and to make the Arctic region more resistive to climate change.

Kendall also has over 7 years of professional and academic experience in policy, website content creation and editing, project coordination and scheduling, and writing.

Atli Björn Þorbjörnsson

GEG Legal Counsel

atli@axlaw.is | +354 899 6076

Atli is a founding partner at AX Legal Services in Iceland, and has over 15 years of legal experience. He is skilled in corporate law, corporate finance, renewable energy law, legal advice, mergers & acquisitions, litigation, cross-border transactions, private equity, business strategy, legal research, commercial litigation, and international M&A.

Atli holds a degree in Corporate and Commercial Law from the University of Bristol, and graduated with his Bachelor’s from the University of Iceland in Reykjavik.

 

 

 

GEG Global Partners