2 Likes
https://newsweb.oslobors.no/message/626274
Capsol Technologies ASA – Q2 2024: Biomass and cement driving demand in Europe – achieved key growth milestones in gas turbines and North America
Oslo, Norway – August 27, 2024
Capsol Technologies ASA, a provider of carbon capture technology to large emitters, today announced its results for Q2 and first half 2024.
Increased demand and target price range
-
Mature project pipeline expanded to 13 million tons of annual CO2 capture capacity, up 2x year-over-year driven by biomass/BECCS and increasingly cement in Europe.
-
Target price range increased during the quarter to EUR 10-15 per ton installed CO2 capture capacity, compared to EUR 7-12 per ton previously.
-
Microsoft and Alphabet/Meta backed fund agreed to buy permanent carbon removals from Capsol client Stockholm Exergi; EU-approved Swedish funding mechanism in July 2024.
High Q2 activity level; studies confirming very competitive energy consumption
-
Delivered two cement studies, for SCHWENK and Holcim, and four biomass/energy-from-waste studies during and post quarter.
-
Recent studies in the cement industry have shown energy consumption numbers as low as 0.55 GJ/ton with limited plant integration, and as low as 0.25 GJ/ton CO2. captured with more heat integration.
-
Order for two CapsolGo® demonstration campaigns from SCHWENK within cement received in August.
-
Third CapsolGo® demonstration unit started operations at Växjö Energi’s biomass plant in Sweden.
-
Study delivered to a leading gas turbine provider confirmed that CapsolGT® can offer the industry’s lowest carbon capture cost – and even be profit-generating for emitters.
Entered North America and uplisted to Euronext Oslo Børs
-
Successfully raised net proceeds of NOK 109 million in H1 2024, being deployed in attractive growth opportunities including new markets, new solutions and new revenue streams including establishing an operation in North America, commercialization of CapsolGT® and expanding the CapsolGo® fleet.
-
Opened an office in North America to establish a position in the world’s largest carbon capture and storage (CCS) market.
-
Listed on Euronext Oslo Børs to make the stock more accessible to global investors.
-
Current business plan fully funded with committed engineering work, demonstration campaigns and a NOK 92.6 million cash balance.
“On the back of successfully raising capital in the first half of 2024, we will continue to invest in the Capsol technology portfolio to build on our competitive edge. In parallel, we will expand our capacity and presence to meet the growing global demand for efficient carbon capture solutions towards 2030 and beyond. Driven by ambitious climate targets, attractive government-backed incentives, increased activity in voluntary carbon markets and rapid development of transport and storage capacity, North America and Europe continue to lead large-scale CCS deployment. With a pipeline of mature projects exceeding 13 million tons of carbon capture capacity, we have established a strong position within biomass/BECCS and are responding to the growing demand for cement plants in Europe. Now, we are taking our highly scalable business model to North America where we opened our new office during Q2 2024,” said Wendy Lam, CEO of Capsol Technologies.
Total operating income in Q2 2024 was NOK 17 million (NOK 5.7 million in Q2 2023) and NOK 36.5 million for H1 2024 (NOK 6.6 million for H1 2023). Pre-tax profit was NOK -22.1 million in the quarter (NOK -12.3 million in Q2 2023) and NOK -27.1 million for H1 2024 (NOK -24.9 million for H1 2023).
The company held NOK 92.6 million in cash and cash equivalent by the end of Q2 2024 (NOK 33.6 million).
The Q2 and first half 2024 report and presentation are attached and also available on
2 Likes
2 Likes
Det selges.
, og noen kjøper🙂
1 Like
I overkant av 300k i omsetning for dagen - egentlig irrelevant i forhold til caset
Og det er vel ikke akkurat på kvartalspresentasjoner selskaper som dette kommer med noe kursdrivende. Det er vel helst for selskaper med en del omsetning det er spennende å se hva kvartalsresultatet blir.
Her er det nyheter om nye kontrakter vi venter på
1 Like
Capsol’s quarterly financials displayed higher than anticipated cash burn. However, the focus remains on commercial development with quarterly figures of limited importance. Interestingly, Capsol revised its guiding on electricity consumption per ton captured – which is a key selling point towards its target industries. Capsol appears to be fully funded to YE’26, depending on the first license payment expected in Q4’24 which also will serve as a proof of concept. Buy TP NOK 20 reiterated. (PAS)
4 Likes
Plukket opp denne under generelle kommentarer fra SB1 om sladder og inntrykk etter ONS i Stavanger: * CCS is coming, hydrogen more uncertain: More focus on CCS than during previous ONS conference and exhibitions. It is clear that the CCS value chain is under development and that a new industry is about to develop. Equinor CEO Anders Opedal highlighted that “CCS is now important for Germany, a few years ago carbon export was forbidden in Germany” and others noted the Northern Light phase 1 CCS project now is filled up by European customers and the more phases are underway. Decent profitability for CCS expected after 2030. For hydrogen, our impression is that there is a longer way to go for a commercial value chain, something that also was highlighted at Equinor’s recent investor and analyse webinar for Low Carbon Solutions (LCS).
6 Likes
Capsol nevnt som en av de heteste doblingskandidatene
https://www.dn.no/fantasyfond/fantasyfond/dn-investor/her-er-de-heteste-doblingskandidatene-pa-oslo-bors/2-1-1694859
3 Likes
Det var den vel strengt tatt før flytten også.
3 Likes
Liker 
3 Likes
Oslo (Infront TDN Direkt): Clarksons Securities nedjusterer sitt kursmål på Capsol Technologies til 24 kroner, fra tidligere 28 kroner. Kjøpsanbefalingen gjentas.
Dette var vel grunnet litt høyere cash burn enn først antatt? Fortsatt 10,- kroner opp til kursmål 
"I en analyse fra Clarksons Securities skriver analytiker Eva Viken Christensen at kursmålet for Capsol Technologies nedjusteres til 24 kroner pr. aksje, fra tidligere 28 kroner, og kjøpsanbefalingen opprettholdes. Aksjen ble omsatt for 13,25 kroner før børsåpning. Alle de fire analytikerne som dekker aksjen har kjøpsanbefalinger.
Nedjusteringen fra Clarksons kommer hovedsakelig som følge av økte driftskostnader, som påvirker marginer og kontantstrøm, mens inntektsestimatene forblir uendret.
Capsols resultater for andre kvartal viste et svakere driftsresultat før ned- og avskrivninger (ebitda) enn ventet, men Christensen trekker frem at selskapet oppnådde flere viktige operasjonelle milepæler. Blant annet ble lisensprisene for karbonfangst økt til 10-15 euro pr. tonn, og prosjektporteføljen utvidet til 13 millioner tonn pr. år installert kapasitet, inkludert en ny BECCS-studie i Europa.
Til tross for en sterk bruttomargin på 78 prosent, lå inntektene under forventningene med 17 millioner kroner mot konsensus på 24 millioner kroner. Driftskostnadene var høyere enn forventet på grunn av engangseffekter som oppgradering av børsnotering, aksjebasert kompensasjon, og bonusutbetalinger, noe som resulterte i et ebitda på minus 19 millioner kroner."
Får vi oppkjøp?
Oppkjøp ?
Som diskutert tidligere