Capsol Technologies Asa · OSL:CAPSL
Capsol Technologies Asa — Pareto Securities Power and Renewable Energy Conference 2025
18 slides from Capsol Technologies Asa's conference presentation, Jan 30, 2025
Slide 1: Strengthened CCS business case fuels pipeline growth
Strengthened CCS business case fuels pipeline growth Pareto Securities Power and Renewable Energy Conference January 30, 2025d Storage Forum CEO Wendy Lam
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FO R PUBLICA TION NO R DISTRIB UTION, IN WHO LE OR IN P ART, DIRE CTLY OR INDIRECTL Y, IN OR INTO AUSTRALIA, CANADA O R THE UNITED S TATES (INCLUDING ITS TERRITORIE S A ND POSSE SSIONS, ANY STATE O F THE UNITED STATED A ND THE DISTRICT O F COLUMBIA ) O R ANY OTHE
Slide 3: Recent news – commercial traction continues
Recent news – commercial traction continues Total mature project pipeline >17m tons of CO2 capacity • Jan 16, 2025 – European cement plant awards Capsol Pre-FEED. 600,000 tons of CO2. per year. • Dec 20, 2024 – Large European utility awards Capsol feasibility study for WtE plant. Study focuses on a
Slide 4: Strong demand growth
Strong demand growth Mature pipeline representing EUR >100m pre-tax profit potential +58% 16 14 Engineering studies 12 20 projects, 10.4 mt Million tons CO2 10 8 CapsolGo® demonstration 6 8 projects, 3.25 mt 4 2 License agreements 3 projects, 1.35 mt 0 Q3 2023 Q4 2023 Q1 2023 Q2 2024 Q3 2024 Enginee
Slide 5: Introducing Capsol
: in | g j technologies il Al Carbon Capture | i CO2 removed : i Bree niicoz n i | iil == ae ei fae _ |O) eee | Introducing eapsol
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Slide 7: Licensing revenues from Stockholm Exergi to be recognized in Q4 2024
Licensing revenues from Stockholm Exergi to be recognized in Q4 2024 • The CapsolEoP® technology has been validated through several significant milestones: ✓ 180 million EUR awarded by EU ✓ Environmental permitting complete ✓ World's largest agreement with Microsoft for carbon removal ✓ Agreement wi
Slide 8: Cement leader to test Capsol’s technology
Cement leader to test Capsol’s technology • Cooperation agreement with Holcim Group • CapsolGo® carbon capture demonstration campaign at a cement plant in southern Germany in Q2 2025 • The first step aimed at decarbonizing Holcim’s global portfolio of industrial plants December 2024 Q2 and Q3 2025 2
Slide 9: Market backdrop: Accelerating demand for CCS
Market backdrop: Accelerating demand for CCS CO 2 captured per year to reach net-zero1 Recently announced incentives driving demand 8,000 Auction for Net-Zero technologies EUR 7,000 Energy Industry Power Removal (BECCS & DAC) under the Innovation Fund 2.4bn Million tons capture capacity installed 6,
Slide 10: Deep-dive: Selected business cases that highlight Capsol’s technology advantages
Deep-dive: Selected business cases that highlight Capsol’s technology advantages
Slide 11: Increasing energy savings at higher CO2 concentration
Increasing energy savings at higher CO2 concentration Electricity cost for fully electric capture solutions CO2 concentration in flue gas 5% 10% 15% 20% 25% Typical cement case € 60 € 50 54% reduction € 40 in electricity consumption1 Generic amine process € 30 € 20 EUR 19 saved per ton CO2 captured1
Slide 12: Capsol energy savings turning cement CCS profitable
Cement Capsol energy savings turning cement CCS profitable Making more projects viable, contributing to accelerated path to decarbonization EUR per ton CO2 captured • Energy use typically 50% lower than traditional amine process. -EUR 48 Profit / margin 187 • Stand-alone CCS unit + easy integration
Slide 13: Heat generation boosting EfW CCS projects’ returns
Energy-from-waste Heat generation boosting EfW CCS projects’ returns CapsolEoP® adresses customer needs to provide additional revenue streams EUR per ton CO2 captured Margin EUR 74 - 94 • CapsolEoP® enables additional 208 revenue of EUR 46 per ton CO₂ EUR 6 captured CapsolEoP® 46 heat revenue 156 16
Slide 14: Powering datacenters with CapsolGT®
Gas turbines Powering datacenters with CapsolGT® Reliable low carbon electricity generation from natural gas Levelized cost of electricity per MWh 2 Willingness to pay ~ USD 115 108 ~ USD 50 margin 74 57 45 Combined cycle Based on recent CapsolGT® Three Mile Island power plant power plant power purc
Slide 15: Scaling competitive CCS solutions together with globally leading industry partners
Scaling competitive CCS solutions together with globally leading industry partners Joint R&D efforts to Develop and deliver Collaboration to Preferred Large-scale CO2 Preferred engineer and test standardised explore the equipment supplier value chain engineering services packed towers, carbon captur
Slide 16: Highly profitable business model with upside potential
Highly profitable business model with upside potential Target for emissions Required CCS projects by 2030 reductions in 20301 • Infrastructure Investment and Jobs Act from 2021 includes USD 50-52% 12bn for CCS projects over five years • IRA 2 increased tax credit for carbon sequestration to USD 85/t
Slide 17: Milestones expected next 6-12 months
Milestones expected next 6-12 months De-risking the path towards long-term goals and revenue potential Bringing New Engineering Stockholm New Expanding CapsolGT® CapsolGo® contract Exergi FID1 licensing partnerships to market deployments awards agreements Generating high Growing project Entering nex
Slide 18: Drammensveien 126, 0277 Oslo, Norway
Drammensveien 126 0277 Oslo Norway Our vision is to accelerate capsoltechnologies.com the worlds transition to a net zero future
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