Oslo, Norway - June 13, 2024


Capsol Technologies and Audubon Engineering Company are pleased to announce
positive results on a pre-FEED (front-end engineering and design) study of
CapsolGT®, to be presented at the Carbon Capture Technology Expo North America
later this month. Preliminary results prove the technology's performance and
efficiency even in the most challenging environments, confirming that CapsolGT®
can offer the industry's lowest carbon capture cost-and even be
profit-generating-for owners of gas power plants and other industrial
applications of open-cycle gas turbines across North America and the Middle
East. 

Awarded earlier this year to Audubon and Capsol by a globally leading provider
of gas turbines, the pre-FEED study aims to verify technical performance, create
standardized plant design, and outline commercial details for the deployment of
CapsolGT® in North America and the Middle East.

CapsolGT® captures carbon dioxide from open-cycle gas turbines in a process that
solves several industry challenges, as it can capture low-concentration
emissions and produce additional electricity for the grid.

The CapsolGT® design work by Audubon and Capsol is currently in the final
stages. Upon finalization of the ongoing study, technical performance and
commercial details will be presented to emitters and suppliers at the Carbon
Capture Technology Expo North America in Houston, Texas, on June 26-27, 2024, an
important step toward commercialization of CapsolGT®.


For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
ingar.bergh@capsoltechnologies.com
+47 926 20 330


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 company offers a carbon
capture and heat recovery system in one for superior efficiency with a proven
and safe solvent, which 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
Growth Oslo (ticker: CAPSL). For more information visit capsoltechnologies.com. 


About Audubon
Founded in 1997, Audubon Engineering Company is a group of affiliate companies
providing engineering, procurement, construction (EPC), consulting, fabrication,
and technical field services to the energy, power, infrastructure, and
industrial markets. With proven industry experience, innovative technologies,
and data-driven insight, Audubon delivers sustainable solutions to build a
better tomorrow. For more information, visit www.auduboncompanies.com/.