Oslo – November 13, 2023 – Green Transition Holding (“GTH”) is pleased to announce private placements in its subsidiary companies, Carbon Circle and Varme Energy Canada

Varme Energy Canada finalized an equity investment from Finnish consulting and engineering company Elomatic. Elomatic’s investment, as part of Elomatic’s extensive program to provide industrial and regional benefits to Canada, will help accelerate Varme’s growth and further advance the company’s growing portfolio of projects in Alberta.

Following the transaction, GTH owns 75.9% of the shares in Varme Energy Canada, through GTH’s wholly owned subsidiary Varme Energy AS.

Carbon Circle AS has secured a multi-million-pound equity investment from Amplus Energy Services Ltd. in the UK. Carbon Circle is already established in the Norwegian carbon capture sector and the new entity Carbon Circle UK is poised to drive the emerging carbon capture market in the UK.

Following the transaction, GTH owns 74.0% of the shares in Carbon Circle Holding AS

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For further information, please contact:

Paal Skoe, CEO of GTH, tel: +47 971 33 431


About Green Transition Holding

Green Transition Holding (GTH) is a project developer, technology and asset owner within Waste-to-Energy, carbon capture and storage, and other clean tech industries. Our mission is to develop and commercialize innovative technologies that improve the sustainability of industries. GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.

About Carbon Circle

Carbon Circle is a project development and EPC house addressing the large demand for carbon reduction and energy transition solutions globally. Carbon Circle has a highly experienced EPC team with decades of energy and carbon abatement experience. Carbon Circle offers tailored end-to-end solutions to the energy industry and large-scale emitters looking to reduce their footprint and actively participate in the race to zero.

About Varme Energy Canada

Varme Energy is a developer of greenfield waste-to-energy (WtE) with integrated carbon capture plants (Build, Own and Operate). Varme Energy Canada is changing the future of landfills in Canada by diverting the waste destined for landfills and converting it into decarbonized energy. By integrating the facilities with carbon capture and storage, Varme provides energy with net negative emissions as well as carbon credits for the regulated and voluntary market.