Aker Carbon Capture has been awarded a pre-FEED for Statkraft's Heimdal waste-to
-energy plant for capturing 220.000 tonnes of CO2 per year. By capturing and
permanently storing these emissions, it is possible to reduce up to 25% of
Trondheim municipality's CO? emissions.

The pre-FEED covers CO2 capture, compression, purification, liquefaction, and
temporary storage of CO2 at the Heimdal waste-to-energy plant. From Heimdal, the
liquid CO2 will be transported by truck to an export terminal with subsequent
ship transport to permanent storage.

"We are excited to extend our collaboration with Statkraft. The decarbonization
of the waste-to-energy industry is crucial in achieving Norway's ambitious
climate goal of reducing greenhouse gas emissions by 55% by 2030", said Jon
Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture. "By
leveraging our product portfolio and ongoing projects, we maintain a robust
position within the waste-to-energy sector" Knudsen continued.

In 2023, Aker Carbon Capture was awarded a full FEED by Hafslund Oslo Celsio,
the largest supplier of district heating in Norway, to develop carbon capture at
their waste-to-energy facility at Klemetsrud in Oslo, Norway. The project will
be delivered based on Aker Carbon Capture's modularized Just Catch 400 unit,
with a design capacity to capture up to 400,000 tonnes of CO2 per year.

Treating waste in a modern incineration plant is the most climate-efficient way
of final treatment when the waste has no other utility value. However, waste
incineration emits large volumes of CO2. District heating from Statkraft's waste
-to-energy plant at Heimdal provides more than 30% of the Trondheim
municipality's heating demand. District heating reduces the amount of
electricity needed, making more electricity available for other purposes.
Together with the direct carbon reduction and removal when these emissions are
captured, waste-to-energy facilities serve as an important part of Norway's
journey towards net zero.

Project Manager Bjørn Hølaas in Statkraft finds it exciting that Aker Carbon
Capture is one of the three selected contractors who will carry out pre-FEED
studies for CO2 reduction and removal from our waste incineration plants in
Trondheim. Statkraft looks forward to continuing the good dialogue with Aker
Carbon Capture, and not least studying the report from Aker when it is completed
in the autumn.

Statkraft is also a member of 'CCS Midt-Norge', an industry cluster for CO2
capture and storage in central Norway, representing about 1.5 million tonnes of
annual CO2 emissions. The cluster is expected to lead to an increased
understanding, progress and potential economies of scale related to the
realization of CCS in the region.

ENDS

Media contact:
Marianne Stigset, mob:?+47 41 18 84 82 (http://tel:+47 41 18 84 82), email:
marianne.stigset@akerhorizons.com
Investor contacts:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
david.phillips@akercarboncapture.com

Statkraft contact:
Jørgen Nordahl, mob +47 99 23 38 12 (http://tel:+47 99 23 38 12), email:
jorgen.nordahl@statkraft.com

Aker Carbon Capture is a pure-play carbon capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO2 emissions.

Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
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YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).

Statkraft, fully owned by the Norwegian state, is Europe's largest generator of
renewable energy, as well as Norway's largest and the Nordic region's third
largest energy producer. Statkraft develops and generates hydropower, wind
power, gas power, district heating and solar power, and is also a player in the
international energy markets. Statkraft Varme is 100% owned by Statkraft.