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Vow ASA has been named the winner of the Capgemini Nordic Sustainability Tech Award. Vow is recognized for its pyrolysis technology that converts biomass and other waste into emission-free energy.

With the Sustainability Tech Awards in the Nordics, the international consultant company Capgemini recognizes outstanding achievements of organizations that are championing innovative, tech-led solutions that limit the environmental and societal impact of climate change.

“Companies that break the way for a more sustainable world deserve praise. Vow's technology produces renewable energy and significantly reduces emissions in several industries. Solutions like their pyrolysis technology are key to succeeding with the necessary energy transformation which the world is going through,” says Karl Thomas Reinertsen, head of Capgemini Invent in Norway and responsible for sustainability in Northern Europe.

The yearly award honours businesses that use technology and innovation to reduce greenhouse gas emissions or in other ways promote sustainability and limit climate change. Amogy, Kyoto Group AS and Vow ASA were this year's finalists from Norway, and during yesterday's award ceremony it was Vow ASA who was awarded both the Norwegian and Nordic awards.

Maria Kringlen Halvorsen, Sustainability Director and Tina Tønnessen, CFO in Vow received the award on behalf of the company.

“Sustainability is at the core of everything we do at Vow. Our pyrolysis technology enables a wide range of industries to significantly reduce their carbon emissions. I share this award with my colleagues who are all driven by a passion to prevent pollution and climate change.,” says Halvorsen.

Energy transformation dominating the Norwegian grand finale

The award is given to companies that have a remarkable commitment and pioneering achievements in sustainability technology. A jury consisting of leaders from Nordic business leaders and policy makers has assessed the 12 best-qualified projects in the Nordics, and nominated them based on five criteria: scalability & adoptability, technology leadership, business viability, greenhouse gas impact and other ESG impact.

In addition to Vow ASA, Amogy and Kyoto Group AS were selected as finalists in this year's award. All three companies are developing clean tech and deliver technology and solutions within the field of energy. Amogy produces emission-free, affordable, and accessible ammonia used as fuel, and the Kyoto Group has developed a fossil-free storage of thermal energy.

“This year's three finalists from Norway show how much is happening in renewable energy. Both ammonia, biofuel and batteries are part of the future's energy mix and will contribute to us having a zero-emission society. It is exciting to development taking place within fossil-free solutions, says Karl Thomas Reinertsen, managing director of Capgemini Invent in Norway.

The other finalists in the Nordics were Liquid Wind, Purply and Sally R from Sweden, Carbo Culture, Hycamite and Infinited Fiber Company from Finland and Algiecel, Gaiup and Shark Solutions from Denmark.

“We are incredibly proud to have won this prestigious award, especially considering the fierce competition from other companies dedicated to driving the green shift. It is truly gratifying to be acknowledged for our technologies and collaborative efforts with our customers in recycling, pollution elimination, and reducing greenhouse gas emissions. Together, with the cruise industry, metallurgical industry, waste management companies, and many others, we are pushing the boundaries to achieve our climate goals. This award serves as a powerful motivation and inspiration for the entire Vow team as we continue our important work”, says Henrik Badin, CEO in Vow ASA.

The Norwegian part of the jury consisted of business leader Ingvild Myhre, parliamentary representative and former digitization minister Nikolai Astrup, and CEO of Abelia, Øystein E. Søreide.

Photo by Haakon Hoseth.

For more information, please contact: Henrik Badin, CEO Tel: +47 90 78 98 25 Email: henrik.badin@vowasa.com

Maria Kringlen Halvorsen, Sustainability Director Tel: +47 938 42 689 Email: maria.halvorsen@vowasa.com

About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and material recycling. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and valorisation of waste. It also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW).