- CEO
- Wendy Lam
- Full Time Employees
- 39
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Oslo Norway
- IPO Date
- Dec 20, 2021
- Business
- Capsol Technologies ASA is a Norway-based carbon capture technology provider that develops and licenses post-combustion carbon dioxide (CO2) capture solutions for industrial and energy emitters worldwide. Founded in 2014 and headquartered in Oslo, Norway, the company operates within the clean technology and environmental services sector, providing energy-efficient, safe, and cost-effective carbon capture, utilization, and storage (CCUS) systems based on non-toxic Hot Potassium Carbonate (HPC) solvent technology. The company offers a systematic suite of proprietary technologies and technical services, including CapsolEoP (End-of-Pipe), a stand-alone, fully electric carbon capture plant with integrated heat recovery designed for retrofit or greenfield installations without requiring external steam supply; CapsolGT, an integrated carbon capture solution for aeroderivative and heavy-duty industrial gas turbines that converts waste heat into surplus electricity while capturing exhaust CO2; CapsolGo, a containerized, mobile carbon capture demonstration unit deployed as a service for on-site flue gas testing and investment de-risking; and engineering and advisory services, including site feasibility assessments, pre-Front-End Engineering Design (pre-FEED) studies, computational modeling, plant integration consulting, and comprehensive commissioning and operational training. Capsol Technologies ASA primarily targets hard-to-abate industries, including cement and lime manufacturing, energy-from-waste (EfW) facilities, biomass plants, power generation utilities, steel production, and chemical and oil refining operations across Europe, North America, and other global regions. Recent corporate developments include the uplisting of the company's shares from Euronext Growth to the main board of the Oslo Stock Exchange (Oslo Børs) under the ticker CAPSL in June 2024; a deepened commercial partnership and equity investment by Munters Group AB; a strategic equity investment and partnership with Holcim to advance cement decarbonization; a cooperation agreement with Everllence to integrate standardized compression and expansion equipment for CapsolEoP units; a non-exclusive partnership with Saipem to jointly develop large-scale industrial carbon capture facilities; and a Memorandum of Understanding with a major United States utility to deploy CapsolGT technology for commercial-scale low-carbon gas power generation.