Oslo, January 2nd 2024: Following the proven market fit and successful entry
into Japan with the Insight platform, Volue has decided to move forward with
optimisation capabilities through the Smart Power suite. In that context, Volue
is proud to announce the signing of a proof-of-concept agreement with an
undisclosed counterpart. Going forward, markets in Japan are evolving and
increased intermittent PV and wind capacity is brought online. Consequently,
market prices will become more volatile and with it the value of strong
optimisation capabilities will increase. The PoC will run throughout 2024,
demonstrating the value to be extracted from optimising assets with Volue Smart
Power.

"We've made a controlled entry in Japan, testing the waters with our Insight
platform. A year in, the answers we've gotten from the market provides us with
the confidence to move forward with the plan and into the next phase. Adding
Smart Power to our available offerings in Japan marks an important step on our
journey in the country, and we are excited for the road ahead", says Trond
Straume, CEO of Volue.

For further information, please contact: 

Arnstein Kjesbu, Chief Financial Officer, Volue +47 970 47 699,
Arnstein.kjesbu@volue.com

Jacob Zeno Clausen Krøvel, Head of Investor Relations, Volue +47 484 03 225,
Jacob.krovel@volue.com

About Volue | www.volue.com
Volue is a market leader in technologies and services that power the green
transition. Based on 50 years of experience, Volue provides innovative
solutions, systems and insights to industries critical to society. Over 800
employees work with more than 2,500 customers across energy, power grid, water
and infrastructure projects that ensure a sustainable, flexible and reliable
future. The company is headquartered in Oslo, Norway and active in 40+
countries. Visit volue.com for more information.