(Bergen, 12 August 2026): Bergen Carbon Solutions AS (BCS, OSE:BCS)
Bergen Carbon Solutions AS (BCS), the pure-play carbon capture and utilization (CCU) company, today provides an operational update and financial results for the second quarter of 2026.
During the second quarter of 2026, BCS continued to advance both its technology platform and intellectual property portfolio while maintaining a disciplined financial position. A significant milestone was achieved when the Norwegian Industrial Property Office issued a notification of intention to grant a patent covering the separation and purification process for our carbon material. This marks an important step in strengthening the protection of BCS' core technology.
The company also progressed the development of its carbon nanotube material, BCS CNT. Following continued improvements in production consistency, with more focus on product, BCS has expanded engagement with industrial partners and research institutions in Europe and Asia to further evaluate product performance across selected battery applications. External testing has continued to generate encouraging results, particularly within lithium-sulphur battery technologies, with additional verification work underway using larger-format pouch cells that more closely resemble commercial applications.
BCS is increasingly directing its efforts toward product qualification and application development, driven by growing insights into the unique characteristics of its carbon material. In parallel, the company has strengthened its position within the European battery eco-system and was selected to participate in a new initiative led by IFE aimed at establishing a Nordic battery value chain for defence-related applications, including drones and other strategically important technologies. Governmental funding has been applied for the project.
CEO Odd Strømsnes commented:
"The second quarter was characterised by meaningful progress across several key areas. Advancing our patent portfolio, achieving greater process maturity and receiving further validation of our material performance strengthen our confidence in the opportunities ahead. At the same time, the increasing emphasis on resilient and locally sourced battery supply chains in Europe highlights the strategic relevance of BCS' technology and product offering."
Presentation:
The company hosted a live operational update presentation today at 08:00. A recording of the presentation is available at the following link:
https://www.youtube.com/watch?v=8gIzFZMyqiw
The presentation and financial report for Q2 2026 are enclosed.
BCS Operational Update Q2 2026.pdfpdfBCS Financial Report Q2 2026.pdfpdf