Capsol Technologies ASA has been awarded a feasibility study by SUEZ for an
energy-from-waste (EfW) plant in France.

A new energy-from-waste plant with carbon capture and storage (CCS) is planned
to be built in northern France, aiming to capture more than 150,000 tons of CO2
per year, of which approximately 50% of the CO2is biogenic, enabling negative
emissions.

The purpose of the feasibility study is to obtain key technical and cost inputs
for further development of the carbon capture solution for the EfW plant.

SUEZ is a leader in environmental services. Globally, the group recovers more
than 5 million tons of waste each year, turning it into 7.3 TWh of energy. SUEZ
has committed to achieve net zero by 2050, including a target of reducing scope
1 and 2 emissions by 46% by 2030.

Energy-from-waste is one of Capsol Technologies' target segments. According to
estimates by the International Energy Agency (IEA), bioenergy with carbon
capture and storage (BECCS) will need to reach 190 million tons of CO2 per annum
by 2030 in the net zero emissions by 2050 scenario. Waste incineration with CCS
plays an important part in the roadmap to net zero by capturing and storing the
biogenic CO2 from household waste.

"When building a new energy-from-waste plant with integrated carbon capture it's
possible to achieve negative emissions, as approximately half of the CO2 is
biogenic and therefore part of the natural carbon cycle. This makes it one of
the most impactful uses of our technology in advancing the transition to a net
zero future, and we are thrilled to partner with SUEZ on this important
project," says Wendy Lam, CEO of Capsol Technologies.

Capsol Technologies' traction within biomass and EfW to date:

  · In total, Capsol Technologies has engineering studies and CapsolGo[®]
demonstration campaigns for EfW and biomass plants totaling a potential of more
than 7 million tons of CO2 to be captured annually.
  · In July 2022, Capsol was awarded a license agreement for using CapsolEoP[®]
at Stockholm Exergi's biomass-powered combined heat and power plant Värtaverket
in Stockholm, Sweden.
  · In December 2023, Capsol was awarded a frame license agreement for using
CapsolEoP[®] at an EfW plant of a European utility.
  · In March 2024, Capsol signed a preliminary license agreement for KVA Linth's
EfW plant in Switzerland.
  · Capsol has executed a CapsolGo[®] carbon capture demonstration campaign at
Öresundskraft's EfW plant Filbornaverket in Helsingborg, Sweden.
  · Capsol has executed a 12-month CapsolGo[® ]demonstration campaign for a
major German energy company, including a campaign on an EfW plant.
  · Capsol has executed a CapsolGo[®] demonstration campaign at EEW's EfW site
in Hannover, Germany.
  · In October 2023, Capsol signed a contract for the delivery of two
CapsolGo[®] demonstration campaigns to be executed at Sumitomo SHI FW's client
base. The first campaign has been completed at Växjö Energi AB's Sandvik biomass
plant in Växjö while the second campaign commenced at Swedish Mälarenergi's
combined heat and power (bio-CHP) plant in Västerås, Sweden, in November 2024.

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For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330

ingar.bergh@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 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.