Oslo, Norway, September 8, 2025 - Capsol Technologies, a leading provider of
carbon capture technology, has been selected by an undisclosed client to deliver
a feasibility study for evaluating CapsolEoP® at a biomass fired combined heat
-and-power plant in Europe.

The study will evaluate a Bioenergy with Carbon Capture and Storage (BECCS)
configuration capable of removing more than 200,000 tonnes of CO2 each year,
turning the facility into a source of durable, net negative emissions.

Fueled by waste wood, the facility already supplies renewable heat to nearby
communities. A CapsolEoP® plant can efficiently generate additional energy for a
district-heating network, optimizing overall energy use and reducing target cost
of high-quality carbon-dioxide-removal (CDR) credits.

"Biomass with carbon capture is emerging as a cornerstone of the net zero
toolbox. Partnering with a leading player on this landmark project accelerates
the scale-up of negative emissions in Europe," said Johan Jungholm, Chief
Business Development Officer at Capsol Technologies.

Market tailwind

Momentum in the voluntary CDR market is accelerating: 15.48 million tonnes of
durable CDR were contracted in Q2 2025 - more than all previous quarters
combined (13.6 million tonnes), according to CDR.fyi. Growing demand for
verifiable removals strengthens the business case for BECCS projects.

Capsol has a mature pipeline of more than 22.6 million tonnes of annual CO2
capture capacity, of which more than 5 million tonnes come from biomass and
energy-from-waste. Capsol's technology is already licensed for three bio-CCS
projects, including Stockholm Exergi's 800,000 tonne-per-year BECCS plant, which
reached final investment decision in March 2025, underscoring market traction.
Capsol has multiple high-conviction projects with potential FID's in 2026 and
based on target revenues of 10-15 EUR/tonnes, one fully priced FID could be
sufficient to generate positive EBITDA for three years.

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.

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