Slides
Page 1
Capsol Technologies Pareto Energy Conference September 10th, 2025
Page 2
Today’s presenters: Wendy Lam Chief Executive Officer Jacob Clausen Krøvel SVP Investment and Strategy
Page 3
4 Licensor of point source carbon capture technology Offering carbon capture and heat recovery in one system 1. Based on company estimates, internal and external studies (Swedish Energy Agency report “Conceptual study for Bio-CCS within Stora Enso’s Swedish kraft pulp mills” and Sintef report “Reducing the Cost of Carbon Capture in Process Industry”); 2. 140-400 kWh Electricity consumption 0.7-1.5 GJ per tonne of CO2 captured2 Attractive capture cost 20-60% Lower than amines1 Demonstration hours >20,000 Nine campaigns, proven chemistry 15 years+ experience Norway (HQ) GermanyUS Sweden Early tractionLeading position Future potential
Page 4
Building position as preferred provider Early traction in new industries Cement Biomass + Energy-from-waste Gas turbines Emerging industries1 Project pipeline capacity 12.1 mtpa 5.0 mtpa 1.5 mtpa 4.0 mtpa Revenue potential NOK 1.8bn NOK 0.7bn NOK 0.2bn NOK 0.6bn Projects and licenses >10 projects >15 projects 4 licenses – 2 mtpa Stockholm Exergi, KVA Linth, 2 European Utilities 3 projects >5 projects 5 Mature pipeline up 73% y-o-y to 22.6mtpa mtpa = million tonnes per annum. 1. Emerging industries include refineries, lime, paper & pulp. Note: Industries relevant for Capsol’s technology expected to grow from 25% of total CCUS market in 2030 to 34% in 2035.
Page 5
Image source: SCWHENK Image source: Holcim Project highlights Stockholm Exergi SCHWENK Holcim Recent wins • European lime producer, +400K mtpa (August 2025) • European BECCS project, +500K mtpa (August 2025) • BECCS at international waste management, +200K mtpa (September 2025) Latvia: FID planned 2027 750k mtpa CapsolGo® campaign ongoing Germany: CapsolGo® at Dotternhausen Broader collaboration agreement Sweden: FID in Q1 2025 800k mtpa Collaboration with Airzyme, KTH