The Alberta Utilities Commission (AUC) has officially greenlit Varme Energy’s plan to build a waste-to-energy facility in Strathcona County. This approval marks a major milestone in bringing clean energy innovation to Alberta. Who is the AUC? The AUC is Alberta’s independent regulator responsible for approving new power generation projects. Without its approval, no power plant can be built or operated in the province. The AUC’s approval of Varme’s permit marks an important step in making this project a reality. What this means for Varme’s future With the AUC’s green light, Varme is now focused on finalizing commercials and financing to enable shovels to hit the ground. Learn more

Carbon Circle AS and Bilfinger have signed a Memorandum of Understanding (MOU) to strengthen cooperation in the execution of carbon capture, utilization and storage (CCUS) projects across Europe. The agreement brings together Carbon Circle’s expertise in front-end engineering and carbon capture systems with Bilfinger’s broad industrial experience and proven capabilities along the entire CCUS value chain. The partnership is aimed at supporting clients with the development and execution of modular CCUS projects — with an initial focus on Northwest Europe and project sizes up to ~500,000 tonnes of CO₂ captured per year. “This collaboration allows us to expand our delivery capacity and accelerate decarbonization efforts across sectors like waste-to-energy, biomass, petrochemicals, cement, and metallurgy,” said Geir Otto Amundsen, CEO of Carbon Circle AS . “By combining Carbon Circle’s modular carbon capture technology and engineering capabilities with Bilfinger’s proven EPC delivery expertise, we’re strengthening the foundation for impactful and scalable CCUS deployment in Europe.” Karsten Hoffhaus, Vice President Business Unit Engineering, Plant, Technology at Bilfinger Business Line Energy Transition , added: “Bilfinger has long experience supporting carbon capture projects across multiple industries. This partnership reinforces our commitment to enabling the energy transition through tangible industrial solutions — and Carbon Circle is a natural fit for that mission.” The MOU outlines a framework for: - Joint development and execution of CCUS projects - Shared client engagement and project bidding - Resource coordination during concept, FEED, and EPC phases - A pragmatic division of responsibilities across engineering, procurement, fabrication, and site works The collaboration is expected to create added value for clients by leveraging the strengths of both parties to reduce project risk, increase speed-to-market, and ensure reliable delivery. The agreement is non-exclusive, the two companies will jointly assess project pipelines, define roles on a per-project basis, and work with local and national stakeholders to advance carbon capture projects from concept to completion. About Carbon Circle AS Carbon Circle is a Norway-based engineering and technology company specializing in modular carbon capture systems and EPC services for decarbonization projects across Europe. About Bilfinger Bilfinger is an international industrial services provider. The aim of the Group's activities is to increase the efficiency and sustainability of customers in the process industry and to establish itself as the number one partner in the market for this purpose. Bilfinger’s comprehensive portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance and plant expansion to turnarounds and digital applications. Bilfinger’s Business Line Energy Transition bundles the company’s extensive experience in carbon capture and energy transition projects. The company supports clients throughout the CCUS value chain — from CO₂ capture to transportation, utilization, and storage. For media inquiries, please contact: Carbon Circle AS Scott Robertson +44 7591 340001 scott.robertson@carboncircle.com Bilfinger Business Line Energy Transition Daniela Heitmann +49 208 38762-590 daniela.heitmann@bilfinger.com

Preparing the future for large scale injection of CO2 OSLO – October 20, 2024 – Carbon Circle AS continues its involvement with the innovative Havstjerne CO2 Injection License, having recently completed another multidisciplinary engineering contract with Stella Maris CCS. This four-month study included the design of post-combustion CO2 capture units and offshore infrastructure utilities for large-scale CO2 sequestration. The Havstjerne project is a large-scale initiative to collect liquid CO2 from various locations across Europe, transport it to an offshore injection site, and inject it into a subsea reservoir. The Havstjerne license (EXL006) is situated in blocks 9/3, 9/6, and 10/4 in the southern NCS, with Harbour Energy holding a 60% operatorship and Stella Maris CCS owning 40%.

Closing Joint Venture agreement with Rangeland Engineering, Calgary Alberta Calgary (CA) & Oslo (NO) – 6th of September 2024 – Carbon Circle AS and Rangeland Engineering Canada Corp. announce formalization of a joint venture agreement to provide decarbonization solutions and services in Canada. The newly formed Carbon Circle | Rangeland Joint Venture Ltd. will integrate extensive Carbon Capture and Storage (CCS) expertise with proven Engineering, Procurement and Construction (EPC) project execution methods along with local insight and knowledge to bring carbon capture solutions to the Canadian and international markets; efficiently, effectively and more economically. An organization dedicated to the carbon capture market in Alberta will be established with location Calgary (CA) based on secondment of Norwegian carbon capture experts and project resources from the Rangeland base organization. Carbon Circle brings commercialization of a wide portfolio of modularized IP designs for post combustion carbon capture over a variation of technologies. Our designs are applicable to a wide range of industries and are considered enablers for our ambitions to partake and invest in project developments within the full CCS value chain from capture to sequestration. Rangeland Engineering is a full-service engineering, procurement and construction management (EPCM) company based in Western Canada and brings full access to approx. 200 engineers with a drive to develop new and innovative ways to solve challenges, meet regulations and increase productivity. Carbon Circle achieved a major milestone in August 2024 by delivering the first offshore carbon capture system, to be placed on a production ship in West Africa, providing a great momentum when expanding into Canada. “We have identified Canada, and specifically the province of Alberta, as one of the most interesting areas globally to successfully implement large scale CCS. The industry is ready, and the framework around CCS is well developed through strong incentive programs. Our mission is to make carbon capture feasible at an acceptable cost, minimizing risk for our clients, and the expansion into Alberta is for us the right step on this mission”, Kristian Kjæstad, SVP Engineering in Carbon Circle. Carbon Circle | Rangeland Joint Venture Ltd. offerings will also include project structuring and development, financing, feedstock- and offtake agreements in addition to EPC services. Carbon Circle | Rangeland Joint Venture Ltd. Suite 300 - 550, 11 Ave SW Calgary, AB T2R 1M7 https://carboncircle.com Contacts: Kristian Kjæstad – SVP Engineering Chet Anand – Director of Sales Canada Cell: +47 414 42 895 Cell: +1 403 542 5234 kristian@carboncircle.com chet.anand@carboncircle.com About Carbon Circle Carbon Circle is a carbon removal and energy EPC specialist supporting clients across a broad range of industries to develop and execute their decarbonization strategies. Carbon Circle offers end-to-end carbon abatement solutions, from initial analysis and planning to EPC and plant delivery - over the entire CCS value chain. We combine our extensive experience in modularized process solutions with CCS competency, ensuring safe, cost-efficient and low-risk project execution. Carbon Circle’s headquarter is located in Oslo, Norway, and by entering the JV agreement with Rangland Engineering, there will be full access to local EPC services and capacities out of Calgary, Alberta. About Rangeland Engineering Rangeland Engineering is a full-service engineering, procurement and construction management (EPCM) company based in Western Canada. Through our client partnerships, industry experience, and use of technology, we’re developing new and innovative ways to solve challenges, meet regulations and increase productivity. Rangeland Engineering support the entire project lifecycle - from feasibility studies to detailed engineering design to commissioning and start-up. Our complete engineering services include process, pipeline, mechanical, piping, civil, structural, electrical, and instrumentation & control disciplines plus full procurement services. Throughout all project phases, our engineers partner with clients to simplify process, reduce costs and waste, improve constructability, ensure reliability and optimize design.

With $2.8 million from the industry-funded TIER program, Alberta’s government is advancing Canada’s first industrial-scale waste-to-energy facility using technology.

At ONS 2024, GTH CEO Paal Skoe delivered a presentation that highlighted our groundbreaking work in Canada, focusing on carbon capture and waste-to-energy. The presentation showcased GTH's innovative approaches to addressing environmental challenges through sustainable energy solutions.

GTH participated in several key events during Arendalsuka 2024, a prominent forum for discussing societal issues in Norway. These events provided an excellent opportunity for GTH to meet and discuss with industry leaders in various sectors related to the green transition.

Oslo / Akland / Brevik – June 14, 2024 – Ecvio, previously a wholly-owned environmental technology subsidiary of GTH, becomes part of Trosvik Maritime and changes its name to Trosvik Energy.

CANADA GROWTH FUND, GIBSON ENERGY AND VARME ENERGY ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE CANADIAN WASTE-TO-ENERGY PROJECT