Varme Energy AS is pleased to announce the appointment of its new Board of Directors.

Finnish consulting and engineering company Elomatic makes equity investment in Varme Energy Canada

We are thrilled to announce important addition to the Varme Energy team, Wayne Carey as COO

Varme 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 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 to identify investment opportunities that support bringing waste-to-energy technology to Canada at scale.” – Maureen Ward, CEO, Neyaskweyahk Group of Companies. Varme Canada is the subsidiary of Varme Energy, 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 Canada. 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 Canada and waste-to-energy, please contact Varme Canada 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

OSLO – March 28, 2022 – Varme Energy has signed an Exclusivity Agreement and Heads of Terms for a 50-year lease with Kilbride Resources, securing an industrial site permitted for the construction and operation of an Energy-from-Waste (EfW) facility near Birmingham, UK. The Hams Hall facility will handle approximately 150,000 tonnes of non-recyclable waste per year and generate up to 150 GWh of electricity to replace natural gas and coal-fired electricity. The site has an approved planning permit to construct and operate an EfW facility, significantly reducing the project development and execution risk. The parties expect to sign a final Agreement for Lease in Q2 2022 and target financial close and the start of construction in 2023, with expected completion and the start of operations in 2025. Landfilled waste – one of the largest environmental issues in the world An estimated 25% of all global warming today can be contributed to methane emissions from human activity. This is largely caused by the fact that methane is 84-86 times more effective than CO2 at trapping heat in the atmosphere1. Out of the 340 million tonnes of methane emissions originating from human activity annually, approximately 16% derive from landfill as waste left to decompose generates methane leaking directly into the atmosphere. – Eliminating methane emissions from landfills is a key priority for GTH, says CEO Paal Skoe. Diverting waste streams from landfill to EfW facilities such as the Hams Hall reduces GHG emissions by approximately 70% and replaces fossil fuels with local-to-local energy. Proprietary technology The new facility will deploy a proprietary, advanced 2-stage gasification combustion technology. The technology provides higher efficiency and lower emissions compared to traditional one-stage incineration plants and has been proven at scale over the last 20 years. The modular set-up is “CCS ready” and offers a flexible and carbon-neutral waste handling solution for the future. For more information, please contact: Andreas Karlsen, CEO Varme Energy Email: agk @green-th.com Phone: +47 993 24 748 About Kilbride Resources Kilbride Resources is a real estate and energy solution development business. Our undertaking is developing long term, innovative and commercial projects with our partners, focusing on environmental sustainability at their core. Sources and footnotes: IEF Methane Initiative Methane emissions are driving climate change. Here’s how to reduce them. (unep.org) Methane Tracker 2020 – Analysis – IEA The Challenge | UNECE 1) Over a 20-year period. The estimated impact of 100 years is 28-34 times.

Emissions from waste and open landfills have become one of the largest environmental issues in the world. A growing population and the rise in consumption makes sure this trend will continue for decades if no measures are initiated. Energy from Waste (EfW) is the solution. Not only does it create valuable energy, but it also solves a problem, reducing the emissions from waste. The team behind Green Transition Holding has more than 30 years of experience in waste management with a proven turnkey EfW solution with the possibility for integrated Carbon Capture and Storage (CCS) which is both economical and scalable .