Vow ASA - Earnings Release 2024 | FinancialReports.eu

Vow ASA: Order intake confirms growing demand for renewable energy solutions for heat treatment solutions

Oslo, 30 September 2024: Vow ASA (OSE: VOW) subsidiary C.H. Evensen

Industriovner (C.H. Evensen) continues to gain ground in a growing market for

electrification of heat treatment processes. Of seven significant contracts

awarded since summer, six are for industrial customers in Europe and one in the

US.

The most recent contract for a customer in Belgium is valued at NOK 12 million.

The total value of the seven contracts amounts to NOK 35 million. Other European

countries served include Greece, Germany, Romania, Norway and Sweden.

"We continue to see strong and increasing demand for our solutions as companies

in various heat-intensive industries are transitioning from fossil to renewable

fuels. In the corresponding period last year, our order intake was around NOK

20 million, and bidding activity remains high," said Henrik Wulff, managing

director of C.H. Evensen.

C.H. Evensen is part of Vow's Industrial solutions segment.

For more information, please contact:

Henrik Badin, CEO, Vow ASA

Tel: + 47 90 78 98 25

Tina Tønnessen, CFO, Vow ASA

Tel: +47 406 39 556

About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about

preventing pollution. The company's world leading solutions convert biomass and

waste into valuable resources and generate clean energy for a wide range of

industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and

material recycling. Biomass, sewage sludge, plastic waste and end-of-life tyres

can be converted into clean energy, low carbon fuels and renewable carbon that

replace natural gas, petroleum products and fossil carbon. The solutions are

scalable, standardised, patented, and thoroughly documented, and the company's

capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and

valorisation of waste. It also has strong niche positions in food safety and in

heat-intensive industries with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange

(ticker VOW).

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