Ocean-geoloop As · OSL:OCEAN
Ocean-geoloop As — Investor Presentation (May 2026)
29 slides from Ocean-geoloop As's investor presentation, May 2026
Slide 1: Ocean GeoLoop Company Presentation
Ocean GeoLoop Company Presentation Capital Deployment & Business Case | May 2026
Slide 2: Disclaimer and important information
DISCLAIMER Disclaimer and important information IMPORTANT INFORMATION This presentation and its appendices (the "Presentation") has been produced by Ocean GeoLoop AS (the "Company" and, together with its subsidiaries, the "Group") solely for information purposes. By attending a meeting where this Pr
Slide 3: From Carbon Capture to Energy Regeneration
EXECUTIVE SUMMARY From Carbon Capture to Energy Regeneration GEN 1 – December 2024 GEN 2 – July 2025 GEN 3 – Mid 2026 Capture c-Pump e-Loop (COOL) Regenerates energy ~200 kWh/tonne ~25 kWh/tonne net3 from waste heat • Water-based absorption • >80% cut in net electricity demand • Produces cooling as
Slide 4: Captured's three assets de-risk and accelerate COOL
EXECUTIVE SUMMARY Captured’s three assets de-risk and accelerate COOL R&D LAB DIGITAL PLATFORM PILOT PLANT Dedicated lab Digital platform Autonomous pilot2 ~USD 3m 24/7 autonomous 3,000+ hours • Inside SINTEF’s CO2 lab, • Remote control, cloud data, real- • Stable on real industrial flue gas Trondhe
Slide 5: Focused Structure. Clear Accountability. Fit for purpose funding
OGL PARENT COMPANY — PIVOTING TO MOVE WITH THE MARKET Focused Structure. Clear Accountability. Fit for purpose funding Ocean GeoLoop ASA Parent company, listed on Euronext Growth Oslo1 Cool AS Captured AS Energi Teknikk AS Primary growth engine Strategic partner sought Industrial execution platform
Slide 6: Introducing COOL
Introducing COOL Displacing industrial cooling for data centers and beyond
Slide 7: Data centers face a critical, multi-dimensional cooling crisis
THE DATA CENTER CHALLENGE Data centers face a critical, multi-dimensional cooling crisis Internal Drivers: Operating cost: historically data center cooling has averaged 40%1 of all power costs; Productivity loss: thermal limits require throttling of output; power to cool takes away from power to com
Slide 8: Industrial cooling is an existing market awaiting displacement
COOLING DISPLACED Industrial cooling is an existing market awaiting displacement 2025 by Application4 Segment ~$24bn Industrial Petrochemical Others Distribution5 Manufacturing Processing $ 2.433m $ 6.599m $ 2.707m Water Cooling ~40% Global Market (2025)1 22% Power Generation Food Processing & Stora
Slide 9: Data Center Cooling: Cost saving for existing market and strategic enabler
DATA CENTER COOLING OVERVIEW Data Center Cooling: Cost saving for existing market and strategic enabler for Hyperscalers 4500 REGIONAL TOTALS 12,400 Operational data centers globally 4000 3500 North America 4,170 34% Asia-Pacific 3,650 29% Europe 3,180 26% 3000 Latin America 775 6% ~70% Under 5 MW —
Slide 10: COOL's technology challenges conventional HVAC technology
COOLING REIMAGINED COOL’s technology challenges conventional HVAC technology COOL Evaporative Dry cooling Hybrid Direct liquid • Unprecedented power reduction, with (potential) (wet) (air) cooling chip1 zero operating emissions Power usage and emissions • Finite water-use through a closed- loop syst
Slide 11: Novel tech targets the server; COOL targets the building system
DATA CENTER COOLING OVERVIEW Novel tech targets the server; COOL targets the building system MARKET FORECAST FACILITY/BUILDING COOLING SYSTEM IT COOLING SYSTEM (DLC/SERVER DOOR) McKinsey projects ~$220bn of cumulative cooling equipment spend 2025–2030, with What COOL replaces Cooling Distribution Un
Slide 12: COOL's design reduces HVAC system cost, improves use of space
COOLING REIMAGINED COOL’s design reduces HVAC1 system cost, improves use of space • Conventional chillers integrate with the building HVAC system to eject heat • COOL is self-contained, reducing HVAC costs in the system • Our system reduces non-value-add space and capital cost Simplified drawing of
Slide 13: Displacing industrial cooling — powered only by waste heat
EXECUTIVE SUMMARY Displacing industrial cooling — powered only by waste heat COOL disrupts a $24bn1 global market where power and water consumption have been taken for granted THE PROBLEM MARKET OPPORTUNITY THE RAISE TO FUND COOL • • Cooling consumes up to 40% of data center power costs Annual OPEX
Slide 14: COOL challenge conventional cooling
TECHNOLOGY OVERVIEW COOL challenge conventional cooling Thermodynamic-driven cooling instead of mechanical work – no electrical input • Cooling is driven by pressure and temperature changes in the fluid, not mechanical compression. This removes the need for energy-intensive compressors and reduces s
Slide 15: Commercial Roadmap to First Revenue
GO TO MARKET STRATEGY Commercial Roadmap to First Revenue Norway-first pilot strategy accelerates development; US market entry in parallel 2-3Q 2026 4Q 2026 1Q 2027 2Q 2027 3Q 2027 1:1 Scale Sub-Module Signing of initial Start construction First operational Secured Ready for Testing commercial with
Slide 16: Compute value materially exceeds electricity savings
VALUE CASE OF MORE COMPUTE Compute value materially exceeds electricity savings COLOCATION PRICING BY MARKET (USD/kW/MONTH)1 WHY THIS MATTERS FOR COOL BRIX Singapore $390 $310–470 33% additional capacity = new revenue Tokyo $270 $190–355 • A 50 MW project gains 16.5 MW of additional fillable capacit
Slide 17: COOL BRIX – More Compute. Same Power Infrastructure
VALUE TEST CASE – MORE COMPUTE COOL BRIX – More Compute. Same Power Infrastructure 1.5 MW Data Center • 500T modular cooling unit (standard size cooling unit) • Unit Price: <$1.2M 1 +33% EFFECTIVE COMPUTE CAPACITY (MW-EQUIVALENT) TODAY WITH COOL BRIX 1.5 MW → 2.0 MW Effective Compute Capacity total
Slide 18: COOL – Large Projects ≈ estimated USD 40m EBITDA
VALUE TEST CASE – LARGE DATA CENTER (50 MW) COOL – 4 Large Projects ≈ estimated USD 40m EBITDA 50 MW DC Assumptions* Business Model Financial Impact PAYMENT MODEL EBITDA MARGIN Annual consumption 438 GWh Cooling Service Company 80% Electricity price USD 0.05/kWh EBITDA PER PROJECT REVENUE ~USD 10m P
Slide 19: Potential significant value uplift
ILLUSTRATIVE VALUATION STUDY Potential significant value uplift EBITDA (USD m) EV @24x (USD m) VALUE ANCHOR 8640 500 9,000 • ~USD 20m annual compute EBITDA uplift per 50 MW Data Center 450 8,000 - USD 60m over 3 years 4 PROJECTS • ~USD 4.4m annual electricity savings 400 7,000 - USD 13m over 3 years
Slide 20: CCS and Energiteknikk
: Ocean GeoLoop ( CCS and Energiteknikk
Slide 21: Significant cost advantage – targeting below USD 5/tonne energy cost
CAPTURED AS – BEST IN CLASS TECHNOLOGY Significant cost advantage – targeting below USD 5/tonne energy cost Competitive landscape • Amine-based capture: ~USD 100/tonne energy cost • OGL capture only (no c-Pump compression pump): ~USD 20/tonne • OGL target with c-Pump: below USD 5/tonne energy cost E
Slide 22: Captured: phased scale-down to preserve technology value
PRESERVE · CAPITALIZE · REFOCUS Captured: phased scale-down to preserve technology value Preserve the technology and seek a strategic partner to fund or acquire it Over time Initiate transition Operational Capability transfer Wind-down Reduce to core team handover Hand over know-how Remaining commit
Slide 23: Industry interest is growing — capital markets aren't yet
CAPTURED AS — STRATEGIC PARTNER OPPORTUNITY Industry interest is growing — capital markets aren't yet, leaving real value for a strategic partner CO₂ capture capacity (Mtpa) EU ETS — PROVEN & STRENGTHENING CCS PIPELINE1 Price: EUR 85/t (2026E) → 100/t (2027E) → 126/t (2030E) ² 600 European Commissio
Slide 24: 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 25: Appendix
APPENDIX
Slide 26: Inventor-Led Platform: Track Record & Patent Portfolio
INTRODUCTION TO GUDE 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, subsurface eng
Slide 27: …supported by an experienced Board of Directors…
Ocean GeoLoop Board of Directors …supported by an experienced Board of Directors… Picture Name Role Experience Previous roles • +30 years experience from international capital markets including 5 years with Goldman Sachs in London, 5 years with Merill Lynch in New York and London, and CEO of Carnegi
Slide 28: Management with diverse and complementary expertise…
Ocean GeoLoop Leadership Team Management with diverse and complementary expertise… Name Role Experience Previous roles Viggo • +25 years renewable energy experience from NVE, Enova SF and Proneo Served in several leadership and board CEO OGL positions since 2007 Iversen • Managed Roneo's advisory bu
Slide 29: COOL builds on our founder's progression of the e-Loop technology
TECHNOLOGY EVOLUTION COOL builds on our founder’s progression of the e-Loop technology Illustrative Levelized Cost of Carbon Capture (per tonne) • COOL’s technology provenance is grounded in efforts to reduce energy cost in CO2 capture using waste heat (e-loop development) • Under the same architect