CAPSOL TECHNOLOGIES ASA
Sector unknown·CAPSL · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Agriculture and food production
End markets
StrategyPositive impact: strengthens
“Capsol’s strategy is to focus on hard-to-abate industries where its technologies have significant competitive advantages and engage in partnerships with leading companies globally to further improve value propositions and extend reach.”
Annual report 2024A · The company itself
Market
“Sustainability strategy aligned with strategic priorities Sustainability strategy Capsol provides solutions that enable production of low carbon energy through carbon capture from cement, biomass, energy-from-waste and gas turbines.”
Annual report 2024A · The company itself
Market
“Key segments include cement, biomass, energy-from-waste and gas turbines.”
Annual report 2024A · The company itself
Market
“Capsol has reached a commercial inflection point in biomass, energy -from-waste, and cement, where we are emerging as a preferred carbon capture technology over industry incumbents.”
Annual report 2024A · The company itself
Market
“Capsol offers carbon capture solutions for hard-to-abate industries like cement, energy-from-waste, biomass and gas turbines, creating long-term value for customers, shareholders, society and the environment.”
Annual report 2024A · The company itself
Market
“CapsolEoP® (end-of-pipe) is a full-scale, post-combustion carbon capture solution designed for large industrial emitters across cement, biomass, EfW, power generation and process industries.”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Cement and building materials
Raw materials and inputs
StrategyPositive impact: strengthens
“Capsol’s strategy is to focus on hard-to-abate industries where its technologies have significant competitive advantages and engage in partnerships with leading companies globally to further improve value propositions and extend reach.”
Annual report 2024A · The company itself
Market
“Sustainability strategy aligned with strategic priorities Sustainability strategy Capsol provides solutions that enable production of low carbon energy through carbon capture from cement, biomass, energy-from-waste and gas turbines.”
Annual report 2024A · The company itself
Market
“Key segments include cement, biomass, energy-from-waste and gas turbines.”
Annual report 2024A · The company itself
Market
“Capsol has reached a commercial inflection point in biomass, energy -from-waste, and cement, where we are emerging as a preferred carbon capture technology over industry incumbents.”
Annual report 2024A · The company itself
Market
“Capsol offers carbon capture solutions for hard-to-abate industries like cement, energy-from-waste, biomass and gas turbines, creating long-term value for customers, shareholders, society and the environment.”
Annual report 2024A · The company itself
Market
“CapsolEoP® (end-of-pipe) is a full-scale, post-combustion carbon capture solution designed for large industrial emitters across cement, biomass, EfW, power generation and process industries.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices weakens, Reconstruction of Ukraine strengthens
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“Recent market developments, such as rising interest rates and cost inflation, could impact the company, particularly in global supply chains, where raw material costs, wages, and energy prices play a significant role.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“2.6 Reliance on key employees, personnel, and partners Capsol's success depends on its ability to attract, develop, and retain highly skilled employees and consultants. A shortage of qualified talent or the loss of key personnel could lead to delays and increased costs in product development and commercialization, impacting the company’s operations, earnings, and long-term growth.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Total operating expenses were NOK 124.2 million, up 1.65x from NOK 75.6 million, driven by investments in growth and the cost of delivering increased revenues. The largest cost category was personnel expenses of NOK 50.3 million, increasing from NOK 37.4 million.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Capsol also supports work-life balance by offering flexible work arrangements when feasible. In 2022, the company established procedures to ensure fair and consistent employment practices, implemented an occupational health and safety system, and strengthened risk management.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Regular employee surveys provide insights into motivation, team dynamics, and organizational effectiveness, enabling proactive measures to address concerns and enhance workplace satisfaction. These efforts help reduce turnover risk and ensure a motivated, high-performing workforce.”
Annual report 2024A · The company itself
Utilities
End markets
Market
“Sustainability strategy aligned with strategic priorities Sustainability strategy Capsol provides solutions that enable production of low carbon energy through carbon capture from cement, biomass, energy-from-waste and gas turbines.”
Annual report 2024A · The company itself
Market
“Key segments include cement, biomass, energy-from-waste and gas turbines.”
Annual report 2024A · The company itself
Market
“Capsol offers carbon capture solutions for hard-to-abate industries like cement, energy-from-waste, biomass and gas turbines, creating long-term value for customers, shareholders, society and the environment.”
Annual report 2024A · The company itself
Market
“CapsolEoP® (end-of-pipe) is a full-scale, post-combustion carbon capture solution designed for large industrial emitters across cement, biomass, EfW, power generation and process industries.”
Annual report 2024A · The company itself
Energy efficiency
Technology
StrategyPositive impact: strengthens
“Capsol’s second largest contributor to CO emissions and environmental impact is the production and use of the CapsolGo® demonstration units, which requires energy both during manufacturing and operation, and the use of raw materials to produce the demonstration units. As part of Research and Development (R&D), the company continues to innovate and improve processes to increase the efficiencies of its solutions, to lower the energy use during the capture process even further, in addition to investigating a circular economy-based construction (reuse of materials after end of life) of our CapsolGo® units.”
Annual report 2024A · The company itself
Market
“Our strategy is clear: we license our innovative, heat-generating carbon capture technology in the form of full-scale plant design to capture 100,000 to over 1 million tonnes of CO per year. By significantly reducing electricity consumption, we enable large-scale carbon capture at a lower cost.”
Annual report 2024A · The company itself
Market
“Cost-competitive carbon capture for gas turbines CapsolGT® is an energy-efficient carbon capture solution for gas turbines, designed to operate without the need for external steam supply. By utilizing waste heat from the turbine exhaust, CapsolGT® generates its own process energy, making it a cost-competitive option for low-carbon gas power generation.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Automation and robotics
Technology
StrategyPositive impact: strengthens
“Engineering and implementation: increase engineering capacity, streamline delivery model and utilize automation to convert more opportunities to sales.”
Annual report 2024A · The company itself
Cybersecurity (products and services)
Technology
StrategyPositive impact: strengthens
“Cybersecurity is also a key priority for the company, with proactive and reactive measures in place to protect employees, clients, stakeholders, and assets from cyber threats. To strengthen its defenses, Capsol works with external IT consultants to safeguard company data and digital infrastructure.”
Annual report 2024A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
Labour regulation
Regulation
StrategyPositive impact: strengthens
“Furthermore, both Capsol and its customers could be exposed to cybersecurity threats, which might result in system downtime, loss of intellectual property, To mitigate regulatory and supply chain risks, Capsol conducts regular due diligence on suppliers and partners to ensure compliance with ethical and environmental standards.”
Annual report 2024A · The company itself
Natural gas
Raw materials and inputs
Market
“Cost-competitive carbon capture for gas turbines CapsolGT® is an energy-efficient carbon capture solution for gas turbines, designed to operate without the need for external steam supply. By utilizing waste heat from the turbine exhaust, CapsolGT® generates its own process energy, making it a cost-competitive option for low-carbon gas power generation.”
Annual report 2024A · The company itself
Carbon tax and ETS prices
Regulation
DriverPositive impact: strengthens
“BloombergNEF (BNEF) forecasts that EU carbon prices (ETS) will rise from ~EUR 70 today to EUR 135–155 per tonnes by 2030, further strengthening the financial rationale for CCS.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Key influences include CO pricing mechanisms, such as the EU Emissions Trading System (EU ETS), the phased implementation of the Carbon Border Adjustment Mechanism (CBAM), and funding opportunities for CCUS projects under the U.S. Inflation Reduction Act (IRA).”
Annual report 2024A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Renewables auctions and subsidies
Regulation
DriverPositive impact: strengthens
“Key influences include CO pricing mechanisms, such as the EU Emissions Trading System (EU ETS), the phased implementation of the Carbon Border Adjustment Mechanism (CBAM), and funding opportunities for CCUS projects under the U.S. Inflation Reduction Act (IRA).”
Annual report 2024A · The company itself
Chains in: Wind power strengthens
Business cycle and GDP growth
Macro
DriverPositive impact: strengthens
“The carbon capture market is experiencing increased activity and is expected to grow rapidly driven by the world’s need to curb CO emissions, limit global warming, and avoid irreversible climate change and an increasingly strong business case for emitters to invest in CCS.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Chemicals and specialty chemicals
Raw materials and inputs
InputNegative impact: weakens
“The Company’s post-combustion technology integrates heat recovery and generation in a stand-alone unit, significantly reducing energy consumption compared to traditional amine-based solutions. Capsol’s technology is built on Hot Potassium Carbonate (HPC), a safe and environmentally friendly solvent with a long industrial track record, simplifying permitting and reducing operational risks.”
Annual report 2024A · The company itself
Consumer preference shifts
End markets
DriverPositive impact: strengthens
“Acceptance of price premiums for low carbon products is also rising. A McKinsey survey of over 100 buyers and suppliers found that demand for low carbon materials is expected to increase between 1.7 to 4.5 times current levels by 2030.”
Annual report 2024A · The company itself
Chains out: this mixed effect Beer and beverages
EU climate and energy policy
Regulation
DriverNegative impact: weakens
“critical factors include the timing and rollout of competing technologies, regulatory shifts, and potential delays caused by limited CO storage capacity under development.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Inflation
Macro
DriverNegative impact: weakens
“Recent market developments, such as rising interest rates and cost inflation, could impact the company, particularly in global supply chains, where raw material costs, wages, and energy prices play a significant role.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
United States
Geography
Geography
“Capsol Technologies is a carbon capture technology provider based in Oslo, Norway, with offices in the U.S. and Germany committed to accelerating the transition to a net zero future.”
Annual report 2024A · The company itself
Geography
“We also established a presence in North America, the world’s largest CCS market, in line with our global expansion strategy.”
Annual report 2024A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Denmark
Geography
Geography
“Capsol Technologies is a carbon capture technology provider based in Oslo, Norway, with offices in the U.S. and Germany committed to accelerating the transition to a net zero future.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.09 bn NOK |
| Revenue growth vs. the year before, same method | 175.6 % |
| EBITDA reported by the company | -0.02 bn NOK |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | -54 NOK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✗ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.