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World’s largest thermal energy storage unit inaugurated by Kyoto Group at KALL Ingredients in Hungary

Tiszapüspöki, Hungary / Oslo, Norway, 9 October 2025 – Kyoto Group today inaugurated its second European Heatcube, the world’s largest industrial thermal energy storage system, at KALL Ingredients corn processing facility in Tiszapüspöki, Hungary, marking a major step in industrial decarbonization.The 56 MWh Heatcube will provide more than 30 GWh of clean process heat annually, replacing natural gas and reducing up to 8,000 tons of CO₂ emissions annually.   “This is a huge step forward for Kyoto Group and for clean low-cost industrial heat. Through our Heat-as-a-Service model, we

Kyoto Group appoints Simen Valaamo as Chief Financial Officer

Oslo, Norway 01 July 2025 – Kyoto Group is pleased to announce the appointment of Simen Valaamo as Chief Financial Officer (CFO). With a strong track record in finance, energy markets and business development within the European energy and process industries, Mr. Valaamo brings a wealth of experience that aligns with Kyoto’s mission to decarbonize industry through sustainable low-cost heat."We are thrilled to welcome Simen into his new role as CFO and a key member of the leadership team. His energy market expertise and his central role in the development of our Heat as a Service (HaaS)

Kyoto Group and Hebsgaard | Larsen join forces to scale Heat-as-a-Service in Denmark

Oslo, Norway 17 June 2025, Kyoto Group has entered into a partnership with the Danish consultancy Hebsgaard | Larsen to accelerate the adoption of Kyoto Group’s thermal battery, Heatcube, in Denmark. A solution which offers fully electrified heat at a reduced price without upfront investment.“Danish industrial companies are actively looking to phase out natural gas boilers, driven by a combination of regulations, financial incentives and customer preferences. Kyoto Group offers a low-risk, cost-effective solution to decarbonize industrial process heat, without major capital investment or

Second European Heatcube installation at KALL Ingredients nears completion

Oslo, Norway 31 October 2024 - Kyoto Group is thrilled to announce rapid progress on our second European Heatcube installation at KALL Ingredients in Hungary. This milestone brings us closer to decarbonizing industrial steam by delivering renewable thermal energy solutions and driving impactful change in how industries harness sustainable power.A Strong Partnership Fueling Progress  The collaboration between KALL Ingredients and Kyoto Group is driving this Hungarian Heatcube project forward. This partnership exemplifies how industries can unite to achieve sustainability goals,

Kyoto Group supports Norway’s bold move to ban fossil fuels from Industrial Heat processes

Oslo, Norway 11 October 2024 Kyoto Group welcomes the Norwegian government's proposed ban on the use of fossil fuels in industrial process heat.The Ministry of Climate and Environment's announced proposal covers indirect heat, processes where the heat source is not in direct contact with the material being heated. Instead, heat is transferred through a medium such as steam, which is common in industrial processes. The proposal, which targets activities not currently covered by the EU Emissions Trading System, aims to phase out fossil fuels by January 1, 2030. "We wholeheartedly

Kyoto Group AS (KYOTO) – Extraordinary General Meeting Held

On 23 July 2024, following the completion of the compulsory acquisition of the remaining shares in Kyoto Group AS ("Kyoto") by GF I Kiln HoldCo AS, as announced earlier today, an extraordinary general meeting in Kyoto was held. The meeting was held in accordance with the provisions of Section 5-7 of the Norwegian Private Limited Liabilities Companies Act (the "Companies Act").All agenda items were approved. The minutes from the extraordinary general meeting are attached. ****

Compulsory acquisition of shares in Kyoto Group AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Reference is made to the stock exchange announcement made on 6 July 2024 regarding settlement of the voluntary offer (the "Offer") by GF I Kiln HoldCo AS (the "Offeror") for a cash consideration of NOK 24 per Share (the "Offer Price").Following settlement of the Offer, the Offeror holds a total of 34,248,630 shares in the Company, equivalent to approximately

COMPLETION OF THE VOLUNTARY OFFER IN KYOTO GROUP AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Reference is made to the offer document dated 20 June 2024 (the "Offer Document") for the voluntary offer for all issued and outstanding shares (the "Shares") in Kyoto Group AS (such offer, the "Offer") by GF I Kiln HoldCo AS (the "Offeror") for a cash consideration of NOK 24 per Share (the "Offer Price"). Reference is further made to the stock exchange

Kyoto Group AS - Registration of share capital increase

Oslo, Norway 2 July 2024 – Reference is made to the stock exchange announcement by Kyoto Group AS (the "Company") on 28 June 2024 regarding the general meeting's approval of the investment by GF I Kiln HoldCo AS ("BidCo") as part of the transaction announced 14 June 2024. The share capital increase pertaining to the issuance of the 16 867 647 new shares to BidCo has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).Following this, the Company's registered share capital is NOK 1 073 273,79 divided into 35 775 793 shares, each with a nominal

Kyoto Group AS: Notification of trade by primary insiders and their close associates

Oslo, Norway, 1 July 2024 – Reference is made to the stock exchange announcement on 27 June 2024 regarding the completed offer period for the offer by GF I Kiln HoldCo AS (the "Offeror") for all issued and outstanding shares (the "Shares") in Kyoto Group AS (the "Company"), and further to the announcement published on 28 June 2024 where the annual general meeting approved the investment made by the Offeror.The following persons discharging managerial responsibilities in the Company and their close associates have accepted the Offer for or agreed to contribute its shares in the Company, as

Kyoto Group AS – Minutes from the annual general meeting held on 28 June 2024

Oslo, Norway 28 June 2024. Reference is made to the stock exchange announcement made by Kyoto Group AS ("Kyoto" or the "Company") on 14 June 2024 where the Company convened the annual general meeting. The annual general meeting was held today, and the Company is pleased to announce that the general meeting adopted all the proposed resolutions with the requisite majority, including the share capital increase in connection with the investment made by GF I Kiln HoldCo AS as part of the transaction announced on 14 June 2024.The minutes from the general meeting are attached to this announcement

PASSING 90% THRESHOLD IN THE VOLUNTARY OFFER FOR ALL ISSUED AND OUTSTANDING SHARES IN KYOTO GROUP AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.Reference is made to the offer document dated 20 June 2024 (the "Offer Document") for the voluntary offer for all issued and outstanding shares (the "Shares") in Kyoto Group AS (such offer, the "Offer") by GF I Kiln HoldCo AS (the "Offeror") for a cash consideration of NOK 24 per Share (the "Offer Price"). The Offeror has received acceptances for a total of 8,

REMINDER OF EXPIRY OF THE OFFER PERIOD TODAY 27 JUNE 2024 AT 16:30 (CEST)

FOR THE VOLUNTARY OFFER BY GF I KILN HOLDCO AS TO ACQUIRE ALL ISSUED AND OUTSTANDING SHARES OF KYOTO GROUP AT AN OFFER PRICE OF NOK 24 PER SHARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Reference is made to the offer document dated 20 June 2024 (the "Offer Document") for the voluntary offer for all issued and outstanding ordinary shares (the "Shares") in Kyoto Group AS ("Kyoto" or the "Company").

LAUNCH OF VOLUNTARY OFFER AND COMMENCEMENT OF OFFER PERIOD FOR ALL ISSUED AND OUTSTANDING SHARES IN KYOTO GROUP AT NOK 24 PER SHARE; OFFER ACCEPTANCE DEADLINE AT 16:30 CET ON 27 June 2024.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Reference is made to the announcement made by Kyoto Group AS ("Kyoto" or the "Company") on 14 June 2024 concerning the transaction agreement entered into by the Company and GF I Kiln HoldCo AS (the "Offeror") regarding a directed share issue in the Company (the "Investment") combined with a recommended voluntary all-cash offer for all outstanding shares (the "

Kyoto Group AS: Notice of Annual General Meeting

Oslo, Norway 14 June 2024 - Kyoto Group AS (the "Company" or "Kyoto") (Euronext Growth: KYOTO) hereby convenes the annual general meeting to be held on Friday 28 June 2024 at 09:00 CEST at the Company's offices at Fornebuveien 1, 1367 Lysaker, Norway (the "Annual General Meeting").The Annual General Meeting will consider the items that are required to be considered by the annual general meeting pursuant to the Norwegian Private Limited Liability Companies Act, in addition to other items set out in the attached agenda. The agenda includes a proposal on a share capital increase as further

Leading global energy transition infrastructure fund to invest NOK 286.7 million in Kyoto and make recommended tender offer at substantial premium.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Oslo, Norway 14 June 2024 - Kyoto Group AS (“Kyoto” or the “Company”) has entered into a transaction agreement with GF I Kiln HoldCo AS (the “Offeror”), a newly established acquisition vehicle owned by Glentra Fund I K/S (“Glentra”) regarding a directed share issue in Kyoto (the “Investment”) combined with a subsequent recommended voluntary all-cash offer for

Kyoto Group: Annual report 2023 and business update

Oslo, Norway 25 April 2024 - Kyoto Group today published its 2023 Annual Report and will provide a live business update on the commercialization of its Heatcube thermal energy storage solution."The past year was truly transformative for us, marked by significant milestones on our journey to electrify the huge, and currently fossil-based, market for process heat. Our first full-scale Heatcube became operational, and the commercial pipeline grew substantially," says Camilla Nilsson, CEO of Kyoto Group, adding:   "Among a number of highlights last year, I have to point to our strategic

Kyoto Group and Energy Partner jointly sign term sheet for Heat Purchase Agreement with global leading consumer goods company in Europe

Oslo, Norway 25 April 2024 - Kyoto Group, together with an energy partner, is proud to announce that they have signed a term sheet for delivering Heat-as-a-Service (HaaS) utilizing Heatcube for a global consumer goods company with an energy-intensive manufacturing footprint.Heatcube, a thermal energy storage solution, will replace the current natural gas supply and is designed with 20 MW charge capacity, 48 MWh of storage capacity and 14 MW discharge capacity, offering an annual capacity of more than 47 GWh. The Heatcube at the site in Europe will be supplied with renewable electricity from

Giuseppe Casubolo joining Kyoto Group to lead strategic partnership initiatives aimed at accelerating electrification of industry

Oslo, Norway 2 April 2024 – Kyoto Group is pleased to welcome Giuseppe Casubolo as Chief Strategic Partnership Officer to the Group, to accelerate the electrification of industrial process heat, through partnership initiatives in our eco-system, consisting of world leaders in the energy transition such as Iberdrola and Spirax Sarco, among others.Giuseppe Casubolo Mr Casubolo, known in the market as a reference expert for thermal energy storage using molten salt, has been commercializing industrial nitrates for thermal energy storage in the Concentrated Solar Power (CSP) industry for as

Kyoto Group AS - Registration of share capital increase

Oslo, Norway, 25 March 2024 - Reference is made to the stock exchange announcement by Kyoto Group AS (the "Company") on 15 March regarding the successfully completed directed share issue. The share capital increase pertaining to the issuance of the 2,297,187 new shares has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).Following this, the Company's registered share capital is NOK 567,144.38 divided into 18,908,146 ‬shares, each with a nominal value of NOK 0.03. For further information, please contact: Håvard Haukdal, Kyoto Group CFO

Global leader in energy management orders engineering study for Heatcube in Europe

Oslo, Norway 21 March 2024 - Kyoto Group is pleased to announce that a global leader in energy management has ordered an engineering study for a Heatcube at one of their industrial sites, in Europe.At the site in Central Europe, the company is involved in the development and transition of a pre-existing industrial park into a sustainable and environmentally friendly eco-industrial park. With a clear directive to reduce and replace the supply of gas, they have chosen Kyoto Heatcube to move forward with, commencing with an engineering study. The engineering study covers a wide range of

Kyoto Group AS: Notification of trade by primary insiders and their close associates

Oslo, Norway, 15 March 2024 – Reference is made to the stock exchange announcement by Kyoto Group AS (the "Company") published on 15 March 2024 regarding the issue of new shares in the Company at a price per share of NOK 17.00, raising gross proceeds of approximately NOK 39 million (the "Directed Share Issue").The following persons discharging managerial responsibilities and their close associates were allocated shares in the Directed Share Issue: · Spirax-Sarco Engineering plc, a close associate of the board member Christopher Molnar, was allocated a total of 1,079,275 shares. ·

Kyoto raises funding to support acceleration of Heatcube installations

Oslo, Norway 15 March 2024 – Kyoto Group (Kyoto) is pleased to announce that the company has successfully executed a directed share issue of NOK 39 million with existing shareholders Spirax-Sarco, Iberdrola and Klaveness Marine.The directed share issue is executed to fuel the acceleration of impending Heatcube installations. The net proceeds from the investment will be used to cover the company's liquidity needs, including pre-ordering of long lead-time items for production of Heatcubes, strengthening of project execution capabilities, continued market expansion and general corporate

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