Ocean-GeoLoop (OCEAN) investor relations material

Technology evolution and innovation

• Developed a thermodynamic cooling system (COOL) that uses waste heat, eliminating the need for electricity or fossil fuels and reducing system complexity.

• COOL operates as a closed-loop, modular system with zero water or heat leakage, enabling high thermal efficiency and location flexibility.

• The technology originated from efforts to reduce energy costs in CO₂ capture, with the same core architecture now applied to cooling.

• COOL is designed for rapid deployment in data centers, offering a scalable, containerized solution.

• Third-party validation by SINTEF confirms significant energy savings over conventional amine-based systems.

Market opportunity and business case

• Industrial cooling is a $24bn global market, with data center cooling demand growing at a 22% CAGR from 2025–2030.

• Data centers face a critical cooling crisis due to rising power and water constraints, with cooling accounting for up to 40% of power costs.

• COOL targets both retrofit and new-build data centers, especially those over 5 MW, addressing hyperscaler growth bottlenecks.

• Estimated >90% OPEX reduction versus conventional cooling, with zero operating emissions and water use.

• Business model includes profit-sharing and service contracts, with potential for $40–72M EBITDA from four large projects.

Financial performance and projections

• COOL BRIX unit price is under $1.2M, with payback periods of ~2 years (compute uplift) to ~9 years (electricity savings only).

• A 50 MW data center project can generate $39.6M in annual gross revenue from additional compute capacity, with $19.8M EBITDA uplift.

• Four large projects could yield ~$40M total EBITDA, with a potential enterprise value of ~$1bn at a 24x multiple.

• Energi Teknikk provides stable revenue and engineering capabilities, with NOK 203m revenue and NOK 150m backlog in 2025.