BCS: Third quarter financial results and operational update
(Bergen, 05. November 2026): Bergen Carbon Solutions AS (BCS, OSE:BCS)
Bergen Carbon Solutions AS (BCS), the carbon capture and utilization (CCU) company, today provides an operational update and financial results for the third quarter of 2026.
During the third quarter, BCS as a material development company, continued its transition towards a stronger product and application focus, with particular emphasis on developing the Company's carbon material for battery applications. Technical progress during the period has further increased BCS' understanding of the distinguishing characteristics of its CNT material and its potential advantages in selected battery applications. Initial cell testing has demonstrated encouraging performance comparable to commercially available multi-walled carbon nanotubes.
Interaction with potential customers and industrial partners also continued to develop during the quarter. Material has been supplied to several parties for evaluation, with subsequent testing rounds initiated as part of the product development process. This is an iterative process demonstrating the Company's ability to tailor material characteristics to application-specific requirements.
BCS continues to develop and broaden its intellectual property position. The patent portfolio now comprises of three granted patents and eight pending applications. During the quarter, the patent covering the purification and separation of solid-state carbon-containing material was granted, further strengthening the protection of the Company's technology and know-how.
The Company has recently received approval for support under the SkatteFUNN scheme, which may have a positive financial impact in future periods.
"During 2026, we have made important progress in moving BCS closer to product qualification and industrial application. The latest battery testing strengthens our confidence in the potential of our CNT material, while the dialogue with industrial partners is providing valuable direction for further product development. Our value proposition remains to be strong and well positioned towards the global megatrends of non-Chinese supply chains for raw material for the battery and defence industry. Combined with our expanding patent portfolio, stronger battery competence and disciplined cost base, we believe BCS is building a solid foundation for the next phase of development," says Odd Strømsnes, CEO of Bergen Carbon Solutions.
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: Thursday 5th of November 2026 at 08:00 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://bergencarbonsolutions.com/articles/invitation-to-q3-2026-operational-update-and-financial-results
The presentation and financial report for Q3 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