diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8a3f8510..8f8098cb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,12 @@ Changes are grouped as follows
 - `Fixed` for any bug fixes.
 - `Security` in case of vulnerabilities.
 
+## 7.12.0
+
+### Added
+* In the `unstable` package: Add TaskThrottle helper class for limiting concurrent task execution with decorator and context manager support
+* Add support for environment variable interpolation in keyvault config
+
 ## 7.11.5
 
 ### Fixed
diff --git a/cognite/extractorutils/__init__.py b/cognite/extractorutils/__init__.py
index d2c2cd8c..a8cec2e1 100644
--- a/cognite/extractorutils/__init__.py
+++ b/cognite/extractorutils/__init__.py
@@ -16,7 +16,7 @@
 Cognite extractor utils is a Python package that simplifies the development of new extractors.
 """
 
-__version__ = "7.11.5"
+__version__ = "7.12.0"
 from .base import Extractor
 
 __all__ = ["Extractor"]
diff --git a/cognite/extractorutils/unstable/core/throttle.py b/cognite/extractorutils/unstable/core/throttle.py
new file mode 100644
index 00000000..f35d85b1
--- /dev/null
+++ b/cognite/extractorutils/unstable/core/throttle.py
@@ -0,0 +1,72 @@
+"""
+Module containing the helper class for Throttling.
+"""
+
+from collections.abc import Callable, Generator
+from contextlib import contextmanager
+from functools import wraps
+from threading import Semaphore
+from typing import ParamSpec, TypeVar
+
+P = ParamSpec("P")
+T = TypeVar("T")
+
+
+class TaskThrottle:
+    """
+    A throttle to limit the number of concurrent tasks using semaphores.
+
+    Usage:
+        As a decorator:
+            >>> throttle = TaskThrottle(max_concurrent=5)
+            >>> @throttle.limit
+            ... def my_task(data):
+            ...     # Process data
+            ...     pass
+
+        As a context manager:
+            >>> throttle = TaskThrottle(max_concurrent=5)
+            >>> with throttle.lease():
+            ...     # Protected code block
+            ...     pass
+    """
+
+    def __init__(self, max_concurrent: int) -> None:
+        """
+        Create a throttle with specified concurrency limit.
+
+        Args:
+            max_concurrent: Maximum number of tasks that can run concurrently
+        """
+        if max_concurrent < 1:
+            raise ValueError("max_concurrent must be at least 1")
+        self._semaphore: Semaphore = Semaphore(max_concurrent)
+        self._max_concurrent: int = max_concurrent
+
+    def limit(self, func: Callable[P, T]) -> Callable[P, T]:
+        """
+        Decorator to throttle a task function.
+        """
+
+        @wraps(func)
+        def wrapper(*args: P.args, **kwargs: P.kwargs) -> T:
+            with self.lease():
+                return func(*args, **kwargs)
+
+        return wrapper
+
+    @contextmanager
+    def lease(self) -> Generator[None, None, None]:
+        """
+        Context manager that acquires/releases a throttle slot.
+        """
+        self._semaphore.acquire()
+        try:
+            yield
+        finally:
+            self._semaphore.release()
+
+    @property
+    def max_concurrent(self) -> int:
+        """Get the configured concurrency limit."""
+        return self._max_concurrent
diff --git a/pyproject.toml b/pyproject.toml
index 7566ee58..b9b821bc 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "cognite-extractor-utils"
-version = "7.11.5"
+version = "7.12.0"
 description = "Utilities for easier development of extractors for CDF"
 authors = [
     {name = "Mathias Lohne", email = "mathias.lohne@cognite.com"}
diff --git a/tests/test_unstable/test_throttle.py b/tests/test_unstable/test_throttle.py
new file mode 100644
index 00000000..18fd69a8
--- /dev/null
+++ b/tests/test_unstable/test_throttle.py
@@ -0,0 +1,95 @@
+import time
+from concurrent.futures import ThreadPoolExecutor, as_completed
+from threading import Lock
+
+import pytest
+
+from cognite.extractorutils.unstable.core.throttle import TaskThrottle
+
+
+def test_throttle_initialization() -> None:
+    """Test throttle initialization with valid and invalid parameters."""
+
+    throttle = TaskThrottle(max_concurrent=5)
+    assert throttle.max_concurrent == 5
+
+    with pytest.raises(ValueError, match="max_concurrent must be at least 1"):
+        TaskThrottle(max_concurrent=0)
+
+    with pytest.raises(ValueError, match="max_concurrent must be at least 1"):
+        TaskThrottle(max_concurrent=-1)
+
+
+def test_throttle_concurrency_limits() -> None:
+    max_concurrent = 3
+    throttle = TaskThrottle(max_concurrent=max_concurrent)
+
+    concurrent_count = 0
+    max_observed = 0
+    lock = Lock()
+
+    def task(task_id: int) -> int:
+        nonlocal concurrent_count, max_observed
+
+        with throttle.lease():
+            with lock:
+                concurrent_count += 1
+                max_observed = max(max_observed, concurrent_count)
+
+            time.sleep(0.1)
+
+            with lock:
+                concurrent_count -= 1
+
+        return task_id
+
+    with ThreadPoolExecutor(max_workers=10) as executor:
+        futures = [executor.submit(task, i) for i in range(10)]
+        results = [f.result() for f in as_completed(futures)]
+
+    assert len(results) == 10
+    assert max_observed <= max_concurrent
+
+
+def test_throttle_serial_execution() -> None:
+    lock = Lock()
+    throttle_serial = TaskThrottle(max_concurrent=1)
+    execution_order = []
+
+    def serial_task(task_id: int) -> None:
+        with throttle_serial.lease():
+            with lock:
+                execution_order.append(task_id)
+            time.sleep(0.05)
+            with lock:
+                execution_order.append(task_id)
+
+    with ThreadPoolExecutor(max_workers=3) as executor:
+        futures = [executor.submit(serial_task, i) for i in range(3)]
+        for f in as_completed(futures):
+            f.result()
+
+    for i in range(0, len(execution_order) - 1, 2):
+        task_id = execution_order[i]
+        assert execution_order[i + 1] == task_id
+
+
+def test_throttle_high_concurrency() -> None:
+    lock = Lock()
+    throttle_high = TaskThrottle(max_concurrent=50)
+    completed = []
+
+    def fast_task(task_id: int) -> int:
+        with throttle_high.lease():
+            time.sleep(0.01)
+            with lock:
+                completed.append(task_id)
+            return task_id
+
+    num_tasks = 100
+    with ThreadPoolExecutor(max_workers=num_tasks) as executor:
+        futures = [executor.submit(fast_task, i) for i in range(num_tasks)]
+        for f in as_completed(futures):
+            f.result()
+
+    assert len(completed) == num_tasks