(Bergen, 04. November 2025): Bergen Carbon Solutions AS (BCS, OSE: BCS) is
pleased to announce that the company has been awarded a grant for development of
sustainable technology of up to NOK 30.3 million from Innovation Norway. The
total project budget is 67 MNOK over the next three years. This strategic
support will strengthen BCS's growth potential and reduce risks related to the
further technology development of sustainable carbon materials for the battery
industry, reinforcing the company's position at the forefront of green
technology.
BCS technology is brought forward on the bases of the accumulated competencies
within material technology and process know-how built up over many years from
several key industries in Norway.
The grant from Innovation Norway is a strong recognition of BCS's innovative
approach to converting CO2 into advanced carbon materials using electrolysis.
This locally based process eliminates the need for import of fossil raw
materials and requires only about ten percent of the energy used in conventional
production. By utilizing CO2 as a feedstock, BCS significantly reduces emissions
and contributes to a more sustainable value chain for battery manufacturing.
The project, supported by Innovation Norway, will focus on expanding the carbon
powder product portfolio-critical raw materials that have the potential to
enable lighter batteries with longer lifespans, higher energy density, and
reduced material consumption. The technology is relevant for a number of
emerging battery chemistries which could further strengthen Norway's position in
the European battery value chain.
"We are grateful for the confidence shown by Innovation Norway. Their support is
building robustness for our business case to bring our sustainable materials
faster to the market," says Odd Strømsnes, CEO of Bergen Carbon Solutions.
BCS is actively looking for strategic partnerships and collaborations with the
industry and continues to engage with leading chemical companies and automotive
manufacturers. The company is headquartered in Bergen, with offices,
laboratories, and test facilities at Flesland, and has clear ambitions for
international growth.
For further information, please contact:
Odd Strømsnes, CEO, os@bergencarbonsolutions.com, +47 480 88 571
Karina Brudeseth, CFO, karbru@bergencarbonsolutions.com, +47 413 43 381
This information constitutes inside information pursuant to article 7 in the EU
Market Abuse Regulation and is subject to disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act. This announcement was
published by Karina Brudeseth, CFO, on 04. November 2025 at 16:55 CET.
About Bergen Carbon Solutions:
Bergen Carbon Solutions is a technology company in the field of carbon
utilisation. The company is working to make CO2 a valuable resource, using
energy to turn the excessive greenhouse gas into solid carbon. With its
groundbreaking, proven process for carbon capture and utilization (CCU), Bergen
Carbon Solutions is enabling clean carbon for the battery industry. The
technology may provide stable delivery of carbon nanotubes and graphite, helping
manufacturers to be less exposed to the raw material risks of geopolitical
rivalry. Established in 2016, based in Norway and listed on Euronext Growth,
Bergen Carbon Solutions is targeting the fast-growing battery industry globally,
and other carbon intensive industries looking to replace conventional,
fossil-based solutions to stay relevant in their markets.
Follow us on https://www.linkedin.com/company/berge-carbon-solutions-as/
Bergen Carbon Solutions | www.bergencarbonsolutions.com