Capsol Technologies ASA, a leading provider of carbon capture technology, today reports continued growth in its mature project pipeline, driven by expanding client activity and the Final Investment Decision (FID) for Stockholm Exergi’s large-scale bioenergy with carbon capture and storage (BECCS) project using Capsol’s technology. 

As of Q1 2025, Capsol’s mature pipeline exceeds 23 million tonnes of annual CO₂ capture capacity, representing 78% year-on-year growth. 

Several new project opportunities have emerged as clients across BECCS, cement and synthetic renewable fuels prepare funding applications for the EU Innovation Fund 2024 ahead of today’s deadline.  

“Industrial clients select Capsol for our energy- and cost-efficient carbon capture solutions, backed by a strong safety and environmental profile. The Stockholm Exergi FID has clearly demonstrated that projects using Capsol’s technology can be bankable. As a result, we’re seeing increased demand for engineering support as clients prepare funding applications,” said Wendy Lam, CEO of Capsol Technologies.  

Capsol has delivered engineering work supporting applications for projects totalling approximately two million tonnes of potential CO₂ capture, with over one million tonnes contributed by new projects added to the mature pipeline in Q1 2025.   

In parallel, Capsol has provided engineering input for two US projects in the BECCS and gas turbine segments, representing a combined potential of 500,000 tonnes. This work is part of ongoing project development activity.  

Further pipeline growth came from expanded scope with an existing large client in cement, which added approximately four million tonnes as they mature additional projects for carbon capture deployment.  

Capsol Technologies will publish its Q1 2025 interim report on May 13, 2025.