Vow ASA: Order intake confirms growing demand for renewable energy solutions for heat treatment solutions

30 Sep 2024 14:07 CEST

Oslo, 30 September 2024: Vow ASA (OSE: VOW) subsidiary C.H. Evensen
Industriovner (C.H. Evensen) continues to gain ground in a growing market for
electrification of heat treatment processes. Of seven significant contracts
awarded since summer, six are for industrial customers in Europe and one in the
US.

The most recent contract for a customer in Belgium is valued at NOK 12 million.
The total value of the seven contracts amounts to NOK 35 million. Other European
countries served include Greece, Germany, Romania, Norway and Sweden.

"We continue to see strong and increasing demand for our solutions as companies
in various heat-intensive industries are transitioning from fossil to renewable
fuels. In the corresponding period last year, our order intake was around NOK
20 million, and bidding activity remains high," said Henrik Wulff, managing
director of C.H. Evensen.

C.H. Evensen is part of Vow's Industrial solutions segment.


For more information, please contact:

Henrik Badin, CEO, Vow ASA
Tel: + 47 90 78 98 25
Email: henrik.badin@vowasa.com

Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com


About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about
preventing pollution. The company's world leading solutions convert biomass and
waste into valuable resources and generate clean energy for a wide range of
industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and
material recycling. Biomass, sewage sludge, plastic waste and end-of-life tyres
can be converted into clean energy, low carbon fuels and renewable carbon that
replace natural gas, petroleum products and fossil carbon. The solutions are
scalable, standardised, patented, and thoroughly documented, and the company's
capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and
valorisation of waste. It also has strong niche positions in food safety and in
heat-intensive industries with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).

More information:
Access the news on Oslo Bors NewsWeb site