Capsol Technologies ASA: Two US engineering studies awarded - mature pipeline projects advancing

05 Jun 2025 07:00 CEST

Capsol Technologies, a leading provider of carbon capture technology, has
progressed two engineering studies in the United States. While already counted
in the company's reported mature pipeline as of Q1 2025, the projects,
representing a combined potential of 900,000 tonnes of annual CO? capture
capacity, have now advanced.

The studies relate to a low-carbon gas power facility and a Biomass Carbon
Removal and Storage (BiCRS) project. Each study will assess the applicability of
Capsol's proprietary technologies, CapsolGT® and CapsolEoP®, including system
integration, cost efficiency, regulatory fit, environmental performance, and
logistics.

"These studies are important strategic footholds in the US, where commercial
momentum for carbon capture is continuing," said Wendy Lam, CEO of Capsol
Technologies. "They strengthen our position in gas power and biomass - two
distinct and strategically important segments - and underscore the trust placed
in our engineering capabilities during the early phases of major decarbonization
initiatives."

Capsol's mature pipeline exceeded 22 million tonnes of annual CO? capture
capacity at the end of Q1 2025, up more than 70% year-on-year. Growth has been
driven by the final investment decision on one of the world's largest biomass
with carbon capture and storage projects using Capsol's technology, increased
demand from large companies with multi-site operations and funding applications.
Based on standard licensing terms applied to the current mature pipeline, the
total long-term revenue potential exceeds NOK 3 billion.

For further information, please contact:
Jacob Zeno Clausen Krøvel
SVP Investment and Strategy, Capsol Technologies
+47 4840 3225
jacob.krovel@capsoltechnologies.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the world's transition to a net zero future. The technology
combines inherent heat recovery and generation in a stand-alone unit based on a
proven and safe solvent. Capsol's technology is licensed directly to customers
or through industrial partners globally. Capsol's key segments include cement,
biomass, energy-from-waste, and gas turbines. Capsol Technologies is listed on
Euronext Oslo Børs (ticker: CAPSL). For more information, visit
capsoltechnologies.com.

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atcapsoltechnologies.com/investors.

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