(Bergen, 20 August 2025): 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 and first half year of 2025.
“The second quarter of 2025 has been another quarter of steady work and continued learning for Bergen Carbon Solutions. We are moving forward with enthusiasm, focus and discipline. Our goal is still the same: to develop high quality sustainable carbon material through a novel process consuming CO₂. The technology barrier is high as we need to remind ourselves that we are doing something that has not been done before at this scale. However, we are gaining know-how and building experience every day and in particular building an in-depth understanding of the fundamentals to fully control the product quality,” says Odd Strømsnes, CEO of Bergen Carbon Solutions.
Through the summer, BCS has maintained a record high testing pace. The equipment is running reliably with a high uptime, and the company is producing more test results than ever. This helps BCS move faster in understanding how to make a consistent and well-defined carbon powder.
The BCS battery lab continues to play a key role. The company is now testing its material in both Lithium Iron Phosphate (LFP) and Lithium-Sulfur (Li-S) battery cells. Results so far are good, in particularly for Li-S chemistry. The material is also being tested together with a leading battery manufacturer, which confirms BCS’ position as a key player in the industry.
“We maintain a strong focus on cost control. Our cash burn remains low and is in the first half year reduced with around 50 per cent compared to last year. We have a lean team, with the right competence to deliver on our plans,” says Odd Strømsnes, CEO of Bergen Carbon Solutions.
From a global perspective, the geopolitical situation is becoming more uncertain. Trade barriers and protectionism are growing. This makes local and sustainable production for critical raw material even more important. The BCS technology fits well into this new reality as the company enables local production of carbon materials with a negative CO₂ footprint.
“In summary, we are still in a development phase targeting to conclude on the full potential of our technology. And we are indeed moving in the right direction. Our testing capacity is high, our understanding is improving, and our technology is becoming more relevant in a changing world. Thank you to our team, partners, and shareholders for your continued support. We look forward to sharing more in the next quarter,” says Odd Strømsnes, CEO of Bergen Carbon Solutions.
Presentation:
The company will host an operational live update presentation today at 09:45 at “Vestland på Børs” at Scandic Flesland Bergen. You are welcome to attend the conference live or join the presentation online. A recording of the presentation will be available on our website after the session.
Presentation details:
Date: Wednesday 20th of August 2025 Time: 09:45 a.m. (CET)
Language: English
Q&A: may be submitted in advance to fredrik.oksnes@bergencarbonsolutions.com or
live during the session.
Link to webcast:
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250820_5
The financial report and presentation for Q2 2025 are enclosed.
END
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
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