Capsol Technologies ASA

Capsol Technologies signs MoU with US utility to deploy CapsolGT[®] for low-carbon gas power generation

Oslo, Norway, December 8, 2025 - Capsol Technologies has signed a Memorandum of

Understanding (MoU) with a leading utility granting exclusivity to develop the

first commercial-scale low-carbon gas power plant using the company's

CapsolGT[®] carbon capture technology in the US.

The project is planned to be the first commercial-scale application of

CapsolGT[® ]for gas-fired power generation in the North American utility market.

Capsol will support project development, working with partners and investors to

mature the project to FID.

"In the US utility market, decarbonization must go hand in hand with

affordability and reliability. CapsolGT[®] is engineered to be the cost leader

for decarbonizing existing gas turbine plants, giving utilities and large power

users a practical route to low-carbon, dispatchable power," said Philipp

Staggat, Chief Product Officer at Capsol Technologies.

CapsolGT[®] is an energy-efficient carbon capture solution for simple-cycle gas

turbines. It captures CO2 directly from the turbine exhaust while reusing waste

heat to generate surplus electricity, achieving more than 95% capture without

the need for additional steam or costly combined-cycle equipment. The solution

enables low-carbon, dispatchable power generation ideal for the fast-growing

data center market, where electricity demand driven by AI is accelerating.

Natural gas remains the backbone of North American power generation and is

expected to be the longest-lasting hydrocarbon-based energy source. In 2024, gas

accounted for about 36% of total electricity supply, making the market for

CapsolGT[®] one of significant potential.

The MoU includes an evaluation of broader deployment of CapsolGT[®] across

additional brownfield and greenfield projects in the utility's portfolio.

For further information, please contact:

Jacob Zeno Clausen Krøvel

SVP Investment and Strategy, Capsol Technologies

+47 48 40 32 25

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 technology combines

inherent heat recovery and generation in a stand-alone unit based on a proven

and safe solvent. Capsol's technology 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

Oslo Børs (ticker: CAPSL). For more information visit

capsoltechnologies.com (https://publish.ne.cision.com/l/lprtqfiqc/www.capsoltechn

ologies.com).

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