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 🧬 Caravel Bio Accelerates Cost-Efficient Carbon Capture With Novel Protein Engineering 🧂 Akros Energy Inaugurates Pilot Plant For Salt-Based Hydrogen Storage 🍁 Anaergia’s Rhode I...
Inside This Issue ✈️ Par Pacific's Kapolei Biorefinery Is Now Making SAF in Hawaii ⛽ IRFA Confident Year-Round E15 Will Receive Strong, Bipartisan Support During May 13 House Vote 🛩️ LanzaTech Sel...
Inside This Issue ⚙️ Horizon's 5MW AEM Delivery to Rockcheck Steel Marks a Commercial First 🗺️ Verra Selects Data Service Providers to Produce REDD Risk Maps 🟢 More Green Hydrogen on Its Way 🔌 Ten...
Willis Launches Integrated Risk And Insurance Solution For Carbon Capture
LONDON, May 13, 2026 (GLOBE NEWSWIRE) -- Willis Towers Watson US LLC, a WTW business (NASDAQ: WTW), today announced the launch of its Carbon Capture and Storage (CCS) insurance solution. The CCS i...
CALGARY, Alberta--(BUSINESS WIRE)--DevvStream Corp. (Nasdaq: DEVS) today highlighted Southern Energy Renewables Inc.’s recently announced Letter of Intent with Hapag-Lloyd AG relating to the potent...
Economic Growth Now Tops Environment As Priority In Energy Policy, Poll Suggests
OTTAWA — More Canadians now say economic growth should be a bigger priority in Canada's energy policy than protecting the environment, a new Angus Reid Institute report suggests. The pollster rele...
Singapore – Bridge Data Centers (BDC), a Singapore-headquartered hyperscale data center provider, and EcoCeres, a global leader in the innovation and commercialization of renewable fuels and green ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.