Capsol Technologies signs MoU with US utility to deploy CapsolGT[®] for low-carbon gas power generation

08 Dec 2025 07:00 CET

Oslo, Norway, December 8, 2025 - Capsol Technologies has signed a Memorandum of
Understanding (MoU) with a leading utility granting exclusivity to develop the
first commercial-scale low-carbon gas power plant using the company's
CapsolGT[®] carbon capture technology in the US.

The project is planned to be the first commercial-scale application of
CapsolGT[® ]for gas-fired power generation in the North American utility market.
Capsol will support project development, working with partners and investors to
mature the project to FID.

"In the US utility market, decarbonization must go hand in hand with
affordability and reliability. CapsolGT[®] is engineered to be the cost leader
for decarbonizing existing gas turbine plants, giving utilities and large power
users a practical route to low-carbon, dispatchable power," said Philipp
Staggat, Chief Product Officer at Capsol Technologies.

CapsolGT[®] is an energy-efficient carbon capture solution for simple-cycle gas
turbines. It captures CO2 directly from the turbine exhaust while reusing waste
heat to generate surplus electricity, achieving more than 95% capture without
the need for additional steam or costly combined-cycle equipment. The solution
enables low-carbon, dispatchable power generation ideal for the fast-growing
data center market, where electricity demand driven by AI is accelerating.

Natural gas remains the backbone of North American power generation and is
expected to be the longest-lasting hydrocarbon-based energy source. In 2024, gas
accounted for about 36% of total electricity supply, making the market for
CapsolGT[®] one of significant potential.

The MoU includes an evaluation of broader deployment of CapsolGT[®] across
additional brownfield and greenfield projects in the utility's portfolio.

For further information, please contact:
Jacob Zeno Clausen Krøvel

SVP Investment and Strategy, Capsol Technologies

+47 48 40 32 25

jacob.krovel@capsoltechnologies.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the 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 either directly to customers
or through industrial partners globally. 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 (https://publish.ne.cision.com/l/lprtqfiqc/www.capsoltech
n
ologies.com).

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