GTH Group Update Q1 2023
April 28, 2023
Exciting Milestones & Opportunities Ahead
We are pleased to share with you an update from Green Transition Holding (GTH), which highlights our Q1 2023 achievements and outlines the promising opportunities ahead in the waste-to-energy and CCS sectors.
Some of the key achievements within the GTH Group in Q1 are:
- Varme Energy's 15-year waste contract secured for project in Canada, contract value MUSD 200+
- Carbon Circle's EPC contract for the world's first offshore post-combustion CCS unit
- Pipeotech's largest-ever sale and Ecvio secured contracts to double its revenue from last year
As the EU and North America enact ambitious policies to address the climate crisis, the demand for innovative CCS technologies and waste-to-energy solutions is on the rise. We are excited to be at the forefront of these industries, and we remain committed to driving sustainable growth and positive change in the energy landscape.
With $2.8 million from the industry-funded TIER program, Alberta’s government is advancing Canada’s first industrial-scale waste-to-energy facility using technology.
At ONS 2024, GTH CEO Paal Skoe delivered a presentation that highlighted our groundbreaking work in Canada, focusing on carbon capture and waste-to-energy. The presentation showcased GTH's innovative approaches to addressing environmental challenges through sustainable energy solutions.
GTH participated in several key events during Arendalsuka 2024, a prominent forum for discussing societal issues in Norway. These events provided an excellent opportunity for GTH to meet and discuss with industry leaders in various sectors related to the green transition.
Oslo / Akland / Brevik – June 14, 2024 – Ecvio, previously a wholly-owned environmental technology subsidiary of GTH, becomes part of Trosvik Maritime and changes its name to Trosvik Energy.
GTH subsidiary Varme Energy announce strategic partnership with Canada Growth Fund and Gibson Energy
CANADA GROWTH FUND, GIBSON ENERGY AND VARME ENERGY ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE CANADIAN WASTE-TO-ENERGY PROJECT
Varme Energy Inc., a subsidiary of GTH, has signed a waste agreement with the City of Edmonton. Scheduled to start by 2027, the initiative aims to divert 150,000 tonnes of residential waste from landfills each year. The project will see the construction of an advanced waste-to-energy facility in Edmonton, focused on sustainable waste management, energy generation and CCS.
(Oslo, 1st November 2023) Carbon Circle AS has secured an equity investment from Amplus Energy Services Ltd. in the UK.
Finnish consulting and engineering company Elomatic makes equity investment in Varme Energy Canada
Carbon Circle has been awarded the EPC contract for world's first post combustion carbon capture unit for FPSO by Yinson Porduction
OSLO – Dec 20, 2022 – Green Transition Holding (GTH) has signed an agreement to sell its 49% ownership Green Bio, a bio energy development and asset owning company. Green Bio was established in 2021 to develop a bio energy district heating platform in Norway. Following a year and a half of development, GTH has decided to divest its shareholding. Today Green Bio owns ten operating bio energy plants, with a yearly production of about 20 GWh, as well as one large greenfield project under development. “This has been a successful journey for GTH, developing the Green Bio platform and generating value for both GTH and the other shareholders over the last year and a half. We would like to thank Partner Energy for the partnership and wish them all the best for future growth.” says Paal Skoe, CEO GTH. GTH will use the proceeds from the transaction to further invest in the energy transition.
