Oslo, Norway - August 27, 2024 


Capsol Technologies ASA, a provider of carbon capture technology to large
emitters, today announced its results for Q2 and first half 2024. 


Increased demand and target price range 

* Mature project pipeline expanded to 13 million tons of annual CO2 capture
capacity, up 2x year-over-year driven by biomass/BECCS and increasingly cement
in Europe.  

* Target price range increased during the quarter to EUR 10-15 per ton installed
CO2 capture capacity, compared to EUR 7-12 per ton previously. 

* Microsoft and Alphabet/Meta backed fund agreed to buy permanent carbon
removals from Capsol client Stockholm Exergi