Oslo, Norway - May 24, 2024


Capsol Technologies ASA, a provider of carbon capture technology, has updated
its company presentation to reflect recent developments in the company and the
market.

To adjust for inflation and market sentiment the company has made an upwards
adjustment of its licensing pricing model. The new target revenue range is EUR
10-15 (real term) per ton installed CO2 capture capacity, from previously EUR
7-12 per ton.  
 
Per Q1 2024, Capsol Technologies had secured three licensing agreements for the
use of its carbon capture technologies, six CapsolGo® demonstration campaigns
and 18 engineering studies. In total, the mature stage of the sales pipeline
amounts to a potential 13 million tons of CO2 to be captured per year. 

"We're encouraged by the traction we have in Europe with three of the largest
CCS segments - biomass, energy-from-waste and cement - and will continue to
strengthen our position in this market. In addition, our focus now is to
accelerate the deployment of our safe, cost-efficient, and commercially ready
carbon capture technologies by building a position in North America, the world's
largest market for carbon capture, as well as deploying our CapsolGT® solution
for gas turbines.  With a scalable model and partnerships with leading global
experts, we are well positioned to create significant climate impact while
delivering strong returns," said Wendy Lam.

Capsol's ambition is to build a leading global carbon capture technology
company, with the following long-term goals for growth and value creation: 
o Top three position in target segments: biomass, energy-from-waste, cement, and
gas turbines
o 5-10% carbon capture technology market share globally
o Licensing revenue of EUR 10-15 (real term) per ton installed CO2 capture
capacity
o Pre-tax profit margin of 40-60%

Please find the company presentation attached. 



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


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and Euronext Growth Oslo Rule Book
- Part II. 
This stock exchange announcement was published by Ingar Bergh, CFO, on the time
and date provided.


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.