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.

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

Exciting Milestones & Opportunities Ahead

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.

GTH subsidiary Varme Energy continues to build movement in the region with an agreement that establishes a working relationship to develop a waste-to-energy facility with carbon capture and storage

EDMONTON, Alberta - November 24, 2022 - Neyaskweyahk Group of Companies and Edmonton-based Varme Energy, a subsidiary of GTH, have announced a Joint Working Agreement to collaborate to fund and construct the first waste-to-energy facility in Alberta. Working through their Corporate Division, Neyaskweyahk Group of Companies, Ermineskin Cree Nation is exploring investment in Varme-run waste-to-energy projects throughout Alberta, including major new facilities. Ermineskin Cree Nation, located just south of Wetaskiwin, is eager to explore the opportunity to invest in leading-edge facilities that will create jobs, reduce emissions, generate energy, and shrink landfills, using technology that has had decades of success in Europe. “Our nation is focused on building a strong and vibrant economy that will support our families for generations to come. We’re looking forward to working in partnership with Varme Energy to identify investment opportunities that support bringing waste-to-energy technology to Canada at scale.” – Maureen Ward, CEO, Neyaskweyahk Group of Companies. Varme Energy is the Canadian subsidiary of Green Transition Holdings, a Norway-based company with extensive experience developing waste-to-energy facilities in Europe. Varme Energy is bringing that wealth of experience to Canada to develop leading edge waste-to-energy facilities with carbon capture and storage that can generate energy and feed district energy systems while eliminating methane emissions from landfills. “This technology has been tested and proven in Europe for decades – it’s time for Canada to catch up if we hope to meet our national emissions targets. Ermineskin Cree Nation is a fantastic partner for our company, and we look forward to developing our partnership and vision as we move forward together. ” – Sean Collins, CEO Varme Energy. This Joint Working Agreement is an exciting step forward for these collaborative partners to create economic opportunity and reduce emissions from waste and eliminate the need for landfills. For more information from Neyaskweyahk Group of Companies , please contact Maureen Ward at Maureen@ngcinc.ca . If you would like more information about Varme Energy and waste-to-energy, please contact Varme CEO Sean Collins at sean@varme.ca . For full press release please see: https://www.businesswire.com/news/home/20221123005163/en/Ermineskin-Cree-Nation-and-Varme-Energy-Announce-Working-Committee-to-Invest-in-Alberta%E2%80%99s-First-Waste-to-Energy-Facilities

Private Placement Successfully Placed

Private Placement in newly established GTH subsidiary Carbon Circle completed