Capsol Technologies ASA: Two US engineering studies awarded – mature pipeline projects advancing
Capsol Technologies, a leading provider of carbon capture technology, has progressed two engineering studies in the United States. While already counted in the company’s reported mature pipeline as of Q1 2025, the projects, representing a combined potential of 900,000 tonnes of annual CO₂ capture capacity, have now advanced.
The studies relate to a low-carbon gas power facility and a Biomass Carbon Removal and Storage (BiCRS) project. Each study will assess the applicability of Capsol’s proprietary technologies, CapsolGT® and CapsolEoP®, including system integration, cost efficiency, regulatory fit, environmental performance, and logistics.
“These studies are important strategic footholds in the US, where commercial momentum for carbon capture is continuing,” said Wendy Lam, CEO of Capsol Technologies. “They strengthen our position in gas power and biomass – two distinct and strategically important segments – and underscore the trust placed in our engineering capabilities during the early phases of major decarbonization initiatives.”
Capsol’s mature pipeline exceeded 22 million tonnes of annual CO₂ capture capacity at the end of Q1 2025, up more than 70% year-on-year. Growth has been driven by the final investment decision on one of the world’s largest biomass with carbon capture and storage projects using Capsol’s technology, increased demand from large companies with multi-site operations, and funding applications. Based on standard licensing terms applied to the current mature pipeline, the total long-term revenue potential exceeds NOK 3 billion.
For further information, please contact:
Jacob Zeno Clausen Krøvel
SVP Investment and Strategy, Capsol Technologies
+47 484 03 225
[email protected]
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.
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