Oslo, 25 November 2021 - Kyoto Group AS today hosts a Capital Markets Day,
presenting the company's technology, strategy, commercial initiatives and
medium-term targets.

"Kyoto's primary market is industrial-scale heat storage, a huge but often
overlooked part of the energy market. Heat represents about half of global
energy consumption, today largely provided by fossil fuels. This demand needs to
transition to renewable sources, but as the extreme volatility in the European
energy markets over the past months illustrates: Large-scale energy storage is
absolutely necessary if we are to realize our vision of making green energy
available for everyone," says Christopher Kjølner, CEO of Kyoto Group.

"Kyoto Group is now moving from the start-up phase to the scale-up phase. Having
just signed our first commercial contract for the Heatcube thermal battery
solution, we're excited to be able to share our plans with investors and other
stakeholders today," Mr. Kjølner adds.

At the event, Aurora Energy Research, Europe's largest dedicated power market
analytics company, will also present an updated analysis of the market potential
for electrified thermal energy. The report outlines a market opportunity of more
than 13,500 TWh globally. The cumulative investment required to electrify these
heat markets using Kyoto's Heatcube storage application would be more than EUR1.2
trillion.

The physical event is for pre-registered participants and will last from 13:00
to 16:00 CET. It will also be streamed live on the Kyoto Group website, and an
edited recording of the video stream will be made available after the event.

The presentation material for the event is enclosed in PDF format.

For additional information, please contact:
CEO, Christopher Kjølner, +47 90 53 19 62 or christopher@kyotogroup.no
CFO, Camilla Nilsson, +47 48 29 56 85 or camilla@kyotogroup.no

About Kyoto Group
Kyoto Group aims to capture and manage the abundant energy from variable
renewable sources such as solar and wind power and apply it to reduce the CO2
footprint for industrial thermal loads. The Company plans to lease & operate and
sell Heatcube thermal batteries with capacity from 5MW, enabling industrial
consumption of low-cost heat sourced from excess solar and wind energy.