Capsol Technologies Signs MoU with US Utility to Deploy CapsolGT® for Low-carbon Gas Power Generation

Oslo, Norway, December 8, 2025 – Capsol Technologies ASA has signed a Memorandum of Understanding (MoU) with a leading utility granting exclusivity to develop the first commercial-scale low-carbon gas power plant using the company’s CapsolGT® carbon capture technology in the US.

The project is planned to be the first commercial-scale application of CapsolGT® for gas-fired power generation in the North American utility market. Capsol will support project development, working with partners and investors to mature the project to FID.

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“In the US utility market, decarbonization must go hand in hand with affordability and reliability. CapsolGT® is engineered to be the cost leader for decarbonizing existing gas turbine plants, giving utilities and large power users a practical route to low-carbon, dispatchable power,” said Philipp Staggat, Chief Product Officer, Capsol Technologies.

CapsolGT® is an energy-efficient carbon capture solution for simple-cycle gas turbines. It captures CO2 directly from the turbine exhaust while reusing waste heat to generate surplus electricity, achieving more than 95% capture without the need for additional steam or costly combined-cycle equipment. The solution enables low-carbon, dispatchable power generation ideal for the fast-growing data center market, where electricity demand driven by AI is accelerating.

Natural gas remains the backbone of North American power generation and is expected to be the longest-lasting hydrocarbon-based energy source. In 2024, gas accounted for about 36% of total electricity supply, making the market for CapsolGT® one of significant potential.

The MoU includes an evaluation of broader deployment of CapsolGT® across additional brownfield and greenfield projects in the utility’s portfolio.

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.