Capsol Technologies has been awarded an Engineering Services Agreement for a pre
-FEED (Front-End Engineering Design) study for the CapsolEoP® (end-of-pipe)
carbon capture technology at a cement plant in Europe. The study is for a plant
aiming to capture 600,000 tons of CO2 per annum.

"With this award, we are building on our commercial traction within cement where
Capsol has emerged as a preferred carbon capture technology provider. CapsolEoP®
can operate with up to 50% lower energy use than traditional post-combustion
technologies such as amines. This, together with reduced complexity, has the
potential of reducing levelized capture costs by 20-60% for cement plant owners
looking to decarbonize their operations," said Johan Jungholm, Chief of Business
Development of Capsol Technologies.

Carbon capture is the most efficient solution to decarbonize cement production,
where up to 60% of CO2 emissions come directly from the conversion of calcium
carbonate to clinker, which is hard to abate with other measures. The
International Energy Agency (IEA) has estimated that the cement industry will
account for 170 million tons of captured CO2 in 2030, rapidly growing to 480
million tons in 2035 and 1.3 gigatons in 2050, paving the way towards a net zero
future.

Capsol's current project pipeline of large-scale cement projects in engineering
study phases, and CapsolGo® demonstration campaigns have a total potential
carbon capture capacity of around 8 million tons of CO2 annually.

This study is already included in Capsol's mature project pipeline as the
company previously has delivered an engineering study for the specific cement
plant.

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capsoltechnologies.com/investors

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. The license fee is typically
triggered by FID and paid over the construction period. 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.