BCS: Second quarter financial results and operational update
(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 will host an operational live update presentation today at 08:00. You are welcome to join the presentation online. A recording of the presentation will be available on our website after the session.
Presentation details: - Date: Wednesday 12th of August 2026 at 08:00 a.m. (CEST) - Language: English - Q&A: may be submitted in advance to fredrik.oksnes@bergencarbonsolutions.com or live during the session.
Link to webcast: https://events.teams.microsoft.com/event/400a443f-8507-45e2-9c84-7be827a30f85@f0 ee7061-9c20-488c-9a91-03d921b62ad7
The presentation and financial report for Q2 2026 are enclosed.
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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
More information: Access the news on Oslo Bors NewsWeb site
679454_BCS Operational Update Q2 2026.pdf 679454_BCS Financial Report Q2 2026.pdf