Horisont Energi enters into new strategic collaboration for CO2 storage developments in Europe

21 Oct 2024 07:30 CEST

Sandnes, Norway 21 October 2024: Horisont Energi (EURONEXT: HRGI) has agreed
with a leading global technology company to cooperate on the development of
carbon capture and storage (CCS) projects in Europe (outside Norway).

The collaboration includes joint development of end-to-end CCS projects where
Horisont Energi is intended to take the role as carbon storage project developer
and operator.

Horisont Energi established a new company structure earlier this year with three
separate subsidiaries namely Horisont Ammoniakk, Horisont Karbon and Horisont
Infra, to facilitate pureplay industrial partnerships. Horisont Karbon is the
subsidiary in which the new industrial CCS collaboration will be developed.

“We are now seeing the effect of the significant competence, know-how and
organisational capabilities Horisont Energi has built within CCS over the last
five years. Our collaboration with a company with trusted experience, innovative
technologies, and execution capabilities will facilitate new market entries,
strengthen and complement our capabilities, and contribute to the development of
new pioneering projects in Europe," say Horisont Energi’s Co-CEOs Bjørgulf
Haukelidsæter Eidesen and Leiv Kallestad.

The collaboration may over time also positively impact value creation for our
Norwegian projects and contribute to risk mitigation in support of project
realisation.
CCS is a crucial technology for reducing CO2 emissions and plays an essential
role in achieving our shared climate goals. The market potential is significant,
and to advance the CCS market, it is vital to establish well-coordinated value
chains and frameworks. These will ensure alignment of timelines across the
various stakeholders, from the capture phase through to carbon sequestration.

For more information:
Bjørgulf Haukelidsæter Eidesen, Co-CEO
+ 47 990 36 892
bhe@horisontenergi.com

Leiv Kallestad, Co-CEO
+ 47 958 95 661
Leiv.kallestad@horisontenergi.com

Siri Melberg, Head of branding & communication
+ 47 470 35 718
sm@horisontenergi.com

About Horisont Energi
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that
provides clean energy and carbon transport and storage services. The company
will transform gas, water and renewable energy into cost-leading clean ammonia
and hydrogen and offer CO2 transportation and storage services using proprietary
technology, paving the way for a low carbon economy. The Horisont Energi group
includes three subsidiaries, Horisont Ammoniakk for the clean ammonia business,
Horisont Karbon for the carbon storage business and Horisont Infra for the
mid-stream CCS infrastructure. The company was founded in 2019 and is
headquartered in Sandnes, Norway.

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