Vow ASA

Major milestone reached in Vow’s breakthrough US project - Seite 2

The biochar produced at the facility will be used in several markets currently under development by QSS . The pyrolysis gas will be converted into heat utilized to dry the feedstock and produce electricity. In addition to direct revenue for the biochar, QSS will produce carbon credits.

The facility will be located in the Quonset Business Park run by the Quonset Development Corporation (QDC) near Green Development’s headquarters in Cranston, RI. The QDC is a quasi-state agency, established as a special purpose subsidiary of the Rhode Island Commerce Corporation (formerly the RI Economic Development Corporation) which is responsible for the development and management of the Quonset Business Park. 

For more information, please contact:

Henrik Badin, CEO, Vow ASA
Tel: [phone]
Email: [e-mail]

Tina Tønnessen, CFO, Vow ASA
Tel: [phone]
Email: [e-mail]

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.

Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land.

With advanced technologies and solutions, Vow turns waste into biogenetic fuels to help decarbonise industry and convert plastic waste into fuel, clean energy, and high-value pyro carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven. They are key to end waste and stop pollution.

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

About Green Development

Green Development LLC is a leading developer of large-scale renewable energy projects in the Northeast, specializing in wind, solar, and battery storage. With more than 182 MW in solar and wind capacity currently online or under construction, the company leverages its in-house expertise to design, finance, build, and maintain a diverse portfolio of clean energy assets. Green will be providing engineering, procurement, and construction (EPC) services for the new QSS plant.

About Quonset Soil Solutions (QSS)

Quonset Soil Solutions (QSS), a Green Development LLC affiliate, was established to transform underutilized forestry by-products into biochar, a proven, environmentally-sound horticultural and agricultural soil amendment that has the added benefit of long-term CO2 sequestration. The mission of QSS is to help reduce air and water pollutionby offering products and services that participate in the circular economy.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.