Ocean-geoloop As · OSL:OCEAN
Ocean-geoloop As — Investor Day (March 2026)
38 slides from Ocean-geoloop As's investor day presentation, Mar 3, 2026
Slide 1: Capital Markets Day 2026
Capital Markets Day 2026 Industrial Energy Platform 3. mars 2026
Slide 2: Taking stock – macro economic trends dictate a change
CEO OVERVIEW Taking stock – macro economic trends dictate a change OGL Tailwinds 2020-25 OGL Headwinds 2025-26 Trending to global Climate funding at all Climate policy limbo Trade channels upended convergence on climate time high - projects undecided change Cross-industry interest Carbon capture pro
Slide 3: OGL’s strengths position us to respond to the market quickly
CEO OVERVIEW OGL’s strengths position us to respond to the market quickly 1 2 3 Use our strengths Respond to the market Retain portfolio value • e-Loop tech foundation • Follow capital flows and • Prioritize commercial provides dynamic IP target customer challenges activities • Demonstrated success
Slide 4: Focused Structure. Clear Accountability. Fit for purpose funding.
CEO OVERVIEW Focused Structure. Clear Accountability. Fit for purpose funding. Ocean GeoLoop ASA Listed parent company* Cool AS Captured AS Energi Teknikk AS Primary growth engine Commercialization Industrial execution platform Reimagined cooling solutions Carbon capture technology Hydropower turbin
Slide 5: Integrated portfolio creates synergies, optionality for OGL
CEO OVERVIEW Integrated portfolio creates synergies, optionality for OGL Captured’s accelerated technology journey lends adoptable Technology acceleration tools, skills for COOL to progress through TRLs at speed Delivery of COOL’s reimagined cooling solution progresses e- Reimagined solutions Loop p
Slide 6: Cool leverages our existing assets and capabilities to respond to today’s market trends
CEO OVERVIEW Cool leverages our existing assets and capabilities to respond to today’s market trends • Displaces an existing market across • Unlocks AI data center license multiple sectors worth over USD to operate – in a high growth $20B in 2025 (22% CAGR1) market • Closed water loop, energy neutra
Slide 7: Defined Delivery Milestones
CEO OVERVIEW Defined Delivery Milestones Cool Captured Energi Teknikk • Prototype operational • Cash flow positive from • Margin stabilisation • Third-party cost and 2027 • Increase service revenue performance validation • Sale of compact units for mix complete high-value CCU1 • Balance growth with
Slide 8: Technology Overview
Technology Overview Hans Gude Gudesen
Slide 9: Inventor-Led Platform: Track Record & Patent Portfolio
I NT R OD UC T I ON T O GU DE Inventor-Led Platform: Track Record & Patent Portfolio Gudesen has extensive patent portfolio filed across several technology domains. These patents demonstrate the breadth and persistence of the inventor; from optoelectronics and polymer memory to energy systems, subsu
Slide 10: e-Loop is COOL
ELOOP ARCHITECTURE e-Loop is COOL Same loop hardware. Different work medium, size, process steps. 10
Slide 11: Introducing OGL’s COOL technology
Introducing OGL’s COOL technology • Does not use electricity or fossil fuel • Can be operated by waste heat alone • Cooling is up to 40% of Waste Heat datacenter energy cost • COOL reduces it to near zero; equal to 24 – 192 TWh, (2025) (1) Dependent on incumbent cooling technology 11
Slide 12: e-Loop at scale has significant energy potential
e-Loop at scale has siginficant energy potential • Converts potential energy into usable, kinetic energy • 100% reuse of liquid, weather independent, 24/7 production • 20 MW module capacity • Module size: 576m2 x 100mh, 1.730 modules/km2 • Production potential per year/module: 175 GWh 12
Slide 13: Captured AS
~~ Ocean GeoLoop NY Captured AS Odd-Geir Lademo
Slide 14: The technology innovation ecosystem delivers results
Technology Acceleration The technology innovation ecosystem delivers results 1 Illustrative Levelized Cost of Carbon Capture (per tonne) Energy consumption results vs baseline competition Industrial pilot Process c-Pump Cool optimization 2023 2024 2025 2026 2027 14 (1) MIT-Innovation Ecosystem Stake
Slide 15: Captured technology milestones, delivered rapidly and efficiently
CARBON CAPTURE TECHNOLOGY OVERVIEW Captured technology milestones, delivered rapidly and efficiently 2021–2022 2023–2024 2025–2027 CONCEPT TECHNOLOGY SCALING in into TECHNOLOGY into PRODUCTS PRIORITY VERTICALS Scientific uncertainty Operational complexity Financial validation – 2021: 2023: 2025: add
Slide 16: Using proven methodology, we delivered from TRL 3-6 at speed
LEVERAGING OUR TECHNICAL STRENGTHS Using proven methodology, we delivered from TRL 3-6 at speed Dedicated Lab and Test Rig Dedicated • EUR 3m in dedicated facility inside SINTEF´s CO2 laboratory, Trondheim Lab and Test Rig • Open to industrial partners for pre-investment testing • Reduce customer ri
Slide 17: Capitalize on existing assets to progress the portfolio
OUR KEY ASSETS Capitalize on existing assets to progress the portfolio 17
Slide 18: Technology features position Captured for emerging carbon markets
CAPTURED CAPABILITY Technology features position Captured for emerging carbon markets 1 < 20% energy consumption relative to conventional systems 2 Fully electric operation - low complexity Capture Competitiveness 3 Demonstrated, autonomous operation 4 No hard-to-handle chemicals nor secondary emiss
Slide 19: Entering the Commercial Phase
COMMERCIAL READINESS Entering the Commercial Phase NorFraKalk 10k Reference Project Milestones 90% capture rate | 95% CO2 purity | ~200 kWh/t • FID subject to finalization of commercial terms • FID on 10,000 tpa unit with industrial/grant and appropriate financing funding • Part of SigmaRoc plc, a
Slide 20: Herøya Industrial park – Showcasing Ocean GeoLoop technology
Cooperation Agreement Herøya Industrial park – Show casing Ocean GeoLoop technology. • Signed CA that targets the ambition of the Grenland region in Norway to become the world´s first climate positive industry region by 2040 • OGL has a commercial agreement with HIP providing strategic and advisory
Slide 21: Cooling
~~ Ocean GeoLoop Ne Cooling KC Littlefield
Slide 22: Introducing COOL – reimagining an existing market
COOL PRODUCT DEVELOPMENT Introducing COOL – reimagining an existing market OGL positions COOL… …to displace cooling across existing demand • Dynamic foundational IP • COOL reimagines cooling and solves critical gaps • Technology acceleration • Technology development is in flight from lab to pilot •
Slide 23: COOL reimagines cooling and solves critical gaps in cooling tech
COOLING TODAY COOL reimagines cooling and solves critical gaps in cooling tech cooling today data center impact "Cooling is no longer a utility—it's becoming Consumes valuable water Socio-economic and one of the most strategic and energy, perpetuating regulatory risk impact brand decisions in the de
Slide 24: COOL’s technology targets at least a 60-80% drop operating cost
COOLING REIMAGINED, COOLING DISPLACED COOL’s technology targets at least a 60-80% drop operating cost Our modular, container-sized system provides just-in-time cooling • Finite water-use through a closed- loop system helps license to operate • Unprecedented power reduction, with zero operating emiss
Slide 25: Industrial cooling is an existing market awaiting displacement
COOLING REIMAGINED, COOLING DISPLACED Industrial cooling is an existing market awaiting displacement 2025 $24MM by Application Segment Distribution ~$24bn Water Global Market (2025) ~40% Cooling Petrochemical Processing, 2,707 Others, 2,433 22% ~22% Air CAGR in datacenters (2025) Industrial Manufact
Slide 26: Value Test Case - MW Data Center Cooling
Value Test Case - 50 MW Data Center Cooling COOL – 4 Large Projects ≈ USD 48m EBITDA 50 MW DC Assumptions Business Model Financial Impact C A P EX M OD EL E BI T DA M A R GI N Annual consumption 438 GWh Customer funds 100% of CAPEX 90% Electricity price USD 0.05/kWh E BI T D A P ER P RO J E C T R EV
Slide 27: Progressing technology to commercial reality
Our commercial approach: Progressing technology to commercial reality Focused system de-risking at lab scale is underway; data drives next steps 2Q 2026 3Q 2026 1Q 2027 1Q 2027 2Q 2027 4Q 2027 Prototype* Pilot design Piloting complete Design complete Construction start First Delivery System derisked
Slide 28: Energi Teknikk
HE EnergiTeknikk
Slide 29: Established Hydropower Platform
ENERGI TEKNIKK Established Hydropower Platform • 70+ years of turbine design and manufacturing heritage • Installed base: 260+ hydropower plants across Nordics and select international markets • 2025 revenue: NOK 203m • Order backlog ~NOK 150m providing near-term visibility • Full in-house capabilit
Slide 30: Service Margin Expansion Opportunity
ENERGI TEKNIKK Service Margin Expansion Opportunity • Service gross margins approximately 2x new turbine sales; structurally accretive to group • Installed base largely under-serviced — significant addressable opportunity in existing accounts • Regulatory environment supportive: Nordic and EU energy
Slide 31: Proprietary Turbine Technology
ENERGI TEKNIKK Proprietary Turbine Technology • Patented turbine runner designs optimised for variable-flow, low-head conditions • Measurable efficiency gains vs. legacy turbines in independent third-party testing • Technology platform extensible to group integration (turbine + cooling + capture) •
Slide 32: OGL’s industrial backbone – supporting an efficient pathway to market
ENERGI TEKNIKK OGL’s industrial backbone – supporting an efficient pathway to market Industrial design, manufacturing, and projects capability for OGL • Industrial hydro- engineering platform provides portfolio synergies • In-house turbine design, engineering and fabrication • Strong project deliver
Slide 33: Each milestone reduces risk and unlocks valuation
CFO MILESTONES TO SHAREHOLDER VALUE Each milestone reduces risk and unlocks valuation Cool Captured Energi Teknikk • Prototype operational • Cash flow positive from • Margin stabilisation • Third-party cost and 2027 • Increase service revenue performance validation • Sale of compact units for mix co
Slide 34: Capital Allocation Principles
CFO Capital Allocation Principles • Growth capital directed to COOL — highest near-term commercial readiness • Bridge-to-profitability funding for Captured — milestone-gated only • Margin and cash generation focus in Energi Teknikk • Reduced group-level cash burn through operational discipline • Dev
Slide 35: Example of an application that can become a major one
Example of an application that can become a major one 35
Slide 36: e-loop/COOL, ultra-clean CO2, green H2
e-loop/COOL, ultra-clean CO2 , green H2 = 100% renewable fuel 36
Slide 37: e-loop/COOL, ultra-clean CO2, green H2
e-loop/COOL, ultra-clean CO2 , green H2 = 100% renewable fuel • Carbon negative: More CO2 removed from air than emitted • Same energy density as fossil fuel • Can be used anywhere applicable, without modifications • Waste heat from the production process can operate the e-loop • Use of this renewabl
Slide 38: Ocean GeoLoop is transitioning to a disciplined industrial energy company
Ocean GeoLoop is transitioning from a carbon capture developer to a disciplined industrial energy company.