Capsol Technologies wins five new carbon capture engineering studies

Capsol Technologies, a leading provider of low-carbon power and industrial decarbonisation technology, has won five new engineering studies, including another study in the cement industry.

The five studies are expected to generate cash inflows over the next six months equivalent to approximately four months of CapsolGo demonstration campaigns, providing a meaningful contribution to Capsol’s near-term liquidity.

One of the engineering studies covers a different site within the portfolio of a previous CapsolGo customer. The engagement supports Capsol’s multi-site approach and reflects a shared view that modularisation and standardisation across multiple projects can contribute to reducing costs.

“We are very pleased to see the increased commercial activity into new customer engagements and, importantly, near-term cash generation. The five studies will provide a meaningful contribution to Capsol’s liquidity over the coming six months. We are also pleased that a previous CapsolGo customer is engaging us for another site within its portfolio. This reflects our shared view that modularisation and standardisation across multiple projects can drive costs down and is an important validation of our multi-site approach,” said Wendy Lam, CEO of Capsol Technologies.

The new studies further strengthen Capsol’s project pipeline and customer engagement, while supporting the Company’s continued focus on cement and other industrial applications.

Click here for free registration to World Cement

Check out the World Cement Podcast

Read the article online at: https://www.worldcement.com/product-news/22092026/capsol-technologies-wins-five-new-carbon-capture-engineering-studies/