Published by Todd Bush on July 1, 2025
Oslo-based power and heat provider Hafslund Celsio announced today a new carbon removal offtake agreement with Microsoft, with the tech giant purchasing more than 1 million tons of carbon credits over ten years, to be generated by a new carbon capture project at Norway’s largest waste-to-energy plant.
Hafslund Celsio operates the Klemetsrud waste-to-energy facility in Oslo which incinerates around 350,000 metric tons of sorted residual waste each year, with excess energy used to produce electricity and heat. The process results in both biogenic CO2 emissions from burning organic material like spoiled paper and cardboard, as well as fossil CO2 emissions from burning inorganic materials such as plastics.
The new agreement will support Hafslund Celsio’s full-scale CCS project at the plant, which is anticipated to capture about 350,000 tonnes of CO2 annually, with about half from the biogenic emissions, and the remainder from the fossil CO2 emissions. The plant is expected to begin capturing CO2 in 2029. Once captured, the CO2 will be transported by ship to the Northern Lights facility for permanent geological storage.
While only the carbon removed from the biogenic emissions will be included in the creation of carbon credits, Hafslund Celsio said that the fossil portion will reduce the City of Oslo’s annual emissions by 20%.
>> In Other News: Bayou Bend Project Aims to Advance Carbon Dioxide Storage Along the US Gulf Coast
Martin S. Lundby, CEO, Hafslund Celsio, said:
"The agreement with Microsoft is a significant contribution to the commercial success of Hafslund Celsio’s carbon capture and storage project. Microsoft’s purchase is a strong recognition of our CCS project and highlights the crucial role of the waste-to-energy sector as a credible provider of permanent carbon removals."
Hafslund Celsio’s carbon capture project forms part of Longship, the Norwegian Government’s full-scale carbon capture and storage project. Longship was unveiled in September 2020, with the government describing carbon capture and storage as a prerequisite for reducing global greenhouse gas emissions in line with the Paris Agreement climate targets. The CCS project is aimed at creating a model that can serve as a roadmap for the 500 other waste-to-energy plants in Europe, the company said.
The transaction marks the latest in a series of large-scale carbon credit deals by Microsoft, by far the largest corporate buyer of carbon removal credits globally, including two multi-million-ton deals announced by the company in just the past week.
Brian Marrs, Senior Director, Energy & Carbon Removal, Microsoft, said:
"Hafslund Celsio’s project turns waste into valuable carbon dioxide removal, while providing the city of Oslo with heating and helping Norway meet its climate goalsWe appreciate Hafslund Celsio’s central role in Project Longship and are pleased to see this project develop."
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏦 Corporate Giants Signal DAC Market Is Ready for Prime Time ⚗️ Thyssenkrupp Nucera Abandons US Green Hydrogen Projects No Longer Deemed Feasible - CEO 🏭 Mission Zero Opens Third...
Inside This Issue 🚢 Freight Giants Drive Hydrogen's Market Reality ⚡ SunHydrogen Achieves Live Demonstration of Commercial-Size Hydrogen Module 📢 MAX Power Partners with Caram Media and TMI Digita...
Inside This Issue 📈 Carbon Capture's 120x Challenge: Who's Actually Delivering While McKinsey Calls for Scale ♻️ Emvolon and Montauk Renewables Announce Launch of Joint Venture to Convert Biogas i...
Plug to Participate in the Canaccord Growth Conference
SLINGERLANDS, N.Y., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, is participating today in the Can...
Summit Carbon Solutions Hires New CEO, Continues Push for CO2 Pipeline
Summit Carbon Solutions has appointed industry veteran Joe Griffin as its new CEO, as the company continues to seek approval for a $9 billion carbon capture pipeline project spanning five states, T...
The Hydrogen Stream: EIA Sees Mostly Gray Hydrogen in U.S. by 2050
The U.S. Energy Information Administration (EIA) says US hydrogen production will increase about 80% by 2050, mainly from natural gas with minimal electrolyzer use, while key industry players advan...
Canada Invests in Carbon Capture and Storage in Ottawa
Canada is at a pivotal moment in history. Faced with global volatility, disrupted trade relationships and a changing environment, we must strengthen our economy while doing our part to lower greenh...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.