Oslo, Norway, 27 November 2023 - Kyoto Group is thrilled to announce that it has
selected Cognite, a global leader in industrial data and AI software with its
flagship product Cognite Data Fusion®, to power Kyoto Group's data operations.
This collaboration is a strategic move that will benefit Kyoto's customers.
Integrating Kyoto's platform with Cognite Data Fusion® enables Kyoto's customers
to optimize the operation and maintenance of Heatcube.

Powered by Cognite Data Fusion®, Kyoto's DataOps platform unlocks improved
operational performance and reduced opex while offering state-of-the-art
preventive and predictive maintenance. It enables Kyoto to stay ahead of the
curve in a rapidly changing energy market.

Cognite solves the industrial data and AI problem by seamlessly integrating
Generative AI into its core industrial DataOps platform, Cognite Data Fusion®,
ensuring straightforward access to complex industrial data with a comprehensive
suite of AI capabilities.

"Through the seamless integration of Cognite Data Fusion® into Kyoto's DataOps
platform, we elevate the digital capabilities of current and upcoming Heatcubes
for our customer's benefit. This positions Heatcube with capabilities to easily
integrate with emerging power market players, offering flexibility and
potentially new revenue streams for industrial plant owners. Furthermore, the
integration will empower our customers to streamline data management and cost
optimize operations, enabled by a foundation of best-in-class preventive and
predictive maintenance," says Kyoto's Head of Digital Acceleration, Gustavo
Zaera.

Additionally, Kyoto's cloud based DataOps platform brings together real-time
operational data from the Heatcube Battery Management System (BMS) with various
engineering data sources. With an AI-driven core, this platform ensures that
Kyoto's engineering team receives timely and accurate feedback, enabling quick
and precise improvements.

"Kyoto provides a unique and exciting technology fit to decarbonise industry,
and at the same time improves operations of the electricity grid. Cognite is
proud to partner with Kyoto and this expands on our strong market position as a
technology provider supporting all the different actors in the future energy
system, says Cognite's President EMEA, Emmanuelle Camus."

The first iteration of Kyoto's DataOps platform is designed, tailored, and
tested to oversee operations of Heatcube installations at multiple locations. It
can strategically manage and/or monitor Heatcube activities, making informed
decisions or advise for optimal service times and energy consumption. This
approach allows us to experiment and cater to the preferences and needs of our
customers, paving the way for the development of innovative and valuable digital
services.

Heatcube

Kyoto Heatcube provides thermal energy storage and heat generation in one
product. It supplies industrial customers with the technology needed to lower
both their costs for producing process heat and their CO2 emissions using
intermittent renewable energy sources instead of fossil fuels for heat
production.

Heatcube can be configured with storage capacities from 16 MWh to over 96 MWh,
with a discharge effect for each Heatcube of up to 20 MW. It is an innovative,
low-cost, and modular storage solution for thermal energy that can use multiple
renewable energy sources to heat molten salt to over 415 degrees Celsius. The
high-temperature salt is then used to produce steam for industrial production
processes.

For further information, please contact:

Håvard Haukdal, Kyoto Group CFO

havard.haukdal@kyotogroup.no

+47 48 10 65 69

About Kyoto Group

Heat accounts for two thirds of industrial energy consumption. Traditionally,
nearly all of it is based on fossil fuels. Kyoto Group's Heatcube, a thermal
energy storage (TES) solution, provides a sustainable and cost-effective
alternative by capturing and storing abundant but variable energy from sources
such as solar and wind. Founded in 2016, Kyoto Group is headquartered in Oslo,
Norway, and has subsidiaries in Spain and Denmark. The Kyoto share is listed on
Euronext Growth (ticker: KYOTO). isit us at www.kyotogroup.no and follow us on
LinkedIn (https://www.linkedin.com/company/kyoto-group-as/).

About Cognite

Cognite makes Generative AI work for industry. Leading energy, manufacturing,
and power & renewables enterprises choose Cognite to deliver secure,
trustworthy, and real-time data to transform their asset-heavy operations to be
safer, more sustainable, and more profitable. Cognite provides a user-friendly,
secure, and scalable industrial DataOps platform, Cognite Data Fusion®, that
makes it easy for all decision-makers, from the field to remote operations
centers, to access and understand complex industrial data, collaborate in real
time, and build a better tomorrow. Visit us at www.cognite.ai and follow us on
LinkedIn (https://www.linkedin.com/company/cognitedata/) and X
(Twitter). (https://twitter.com/CogniteData)