Carbon capture business targets breakeven within a year

Carbon capture licensor Capsol Technologies is aiming to break even within a year, after its Q1 revenues rose NOK 5.5m year-on-year to NOK 25m.

The Norwegian company has 13 projects in its pipeline, totalling 6.5 million tonnes of captured carbon dioxide, which it is hopeful will reach a final investment decision in 2026. It has also identified NOK 300m in licensing revenue potential this year.

Wendy Lam, CEO of Capsol Technologies, said, “This gives us line of sight to meaningful [earnings] generation next year. Looking beyond near-term licensing, we are laying the groundwork for scalable, high-margin services to meet client demand and extend value creation.

“As more projects reach operational status, these services will become a natural extension of our technology platform, enabling recurring revenues of €2 or more per tonne of CO2 captured. This will position us not just as a technology supplier, but as a long-term partner in the Net Zero transition.”