Capsol Technologies ASA: Capsol awarded Pre-FEED study by leading gas turbine supplier to customise CapsolGT® carbon capture solution

Oslo, Norway - 12 February 2024


A global provider of gas turbines has awarded Capsol Technologies a pre-FEED
(Front-End Engineering Design) study to develop a customised CapsolGT® carbon
capture solution for several gas turbine types in open cycle application. The
project aims to create a standardised plant design, outlining commercial details
and technical performance for the deployment of CapsolGT® in North America and
the Middle East.


The engineering work will be executed by Audubon Engineering Company, L.P., a
leading provider of integrated engineering, construction, procurement,
fabrication, and technical services in the United States.


CapsolGT® is a carbon capture solution for open cycle gas turbines (used for
electricity production and industrial purposes) ranging from 4 MWe to 100+ MWe
(megawatts electric). Utilising the waste heat of the gas turbine, the capture
plant removes 95%+ of the carbon dioxide in the flue gas while generating
additional electricity. This standalone solution is also advantageous in remote
locations, avoiding the need for extensive cooling, external steam import and
fresh water supply.


“This order marks another important milestone of the commercialisation of our
CapsolGT® carbon capture solution and is in line with our strategy to partner
with gas turbine manufacturers. Looking at the North American market, CapsolGT®
has the potential for capture, transport and storage costs below USD 85 per
tonne of CO2. This addresses the needs of gas turbine operators looking for an
economically viable carbon capture solution. The results of the Pre-FEED study
will be presented to gas turbine operators and project developers in Q2 2024,”
says Philipp Staggat, Chief Product Officer of Capsol Technologies ASA.



For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
ingar.bergh@capsoltechnologies.com
+47 926 20 330



About Capsol Technologies

Capsol Technologies is a carbon capture technology provider with a goal to
accelerate the transition to a carbon-negative future. The company’s
energy-efficient, cost-competitive and environmentally friendly solution is
licensed out either directly to customers or through industrial partners
globally. Key target segments include cement, biomass, energy-from-waste, power
generation and large industrial. Capsol Technologies is listed on Euronext
Growth Oslo, Norway (ticker: CAPSL). For more information, visit
capsoltechnologies.com.

 

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