Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
2024-04-22 16:53:55
Oslo, Norway - April 22, 2024
Capsol Technologies ASA, a provider of carbon capture technology to large
emitters, today announced its results for the first quarter of 2024.
Accelerating revenues and pipeline growth
o Mature stage of sales pipeline totalling 13 million tons of CO2, up 400%
year-over-year, with a record number of engineering studies awarded within
energy-from-waste and cement
o Revenues of NOK 19.5 million, compared to NOK 0.9 million in Q1 2023, driven
by engineering studies and CapsolGo® carbon capture demonstration campaigns
o Current business plan fully funded with committed engineering work and
demonstration campaigns and NOK 97.3 million cash balance
Maturing projects towards technology licensing revenue
o Scalable business model with CapsolEoP® technology licensing agreements
providing EUR 1.5-15 million per project at ~100% gross margin
o Stockholm Exergi, Capsol's most mature project, received an environmental
permit, de-risking the FID which is expected in 2024
o Preliminary license agreement signed for Switzerland's first large-scale
carbon capture plant following a successful feasibility study
o Recent license agreements confirm Capsol's target revenue range of EUR 7-12
per ton installed CO2 capture capacity