Bergen Carbon Solutions AS
OSE:BCS
Bergen Carbon Solutions AS
Bergen Carbon Solutions AS engages in the development of proprietary method of producing carbon nanofiber by using captured carbon dioxide and hydropower. The company is headquartered in Blomsterdalen, Hordaland. The company went IPO on 2021-04-19. The firm uses technology to turn CO2 emissions into carbon nanofiber, a material which is lighter than plastic, stronger than steel and leads electricity better than copper, and with wide ranging applications from energy storage to protective clothing. The firm was founded in 2016 and based in Bergen.
Bergen Carbon Solutions AS engages in the development of proprietary method of producing carbon nanofiber by using captured carbon dioxide and hydropower. The company is headquartered in Blomsterdalen, Hordaland. The company went IPO on 2021-04-19. The firm uses technology to turn CO2 emissions into carbon nanofiber, a material which is lighter than plastic, stronger than steel and leads electricity better than copper, and with wide ranging applications from energy storage to protective clothing. The firm was founded in 2016 and based in Bergen.
Cash Burn: Year-end cash burn was reduced by 48% compared to 2024, bringing Q4 burn rate to NOK 4.1 million.
Financial Position: Cash position remains healthy at NOK 137 million, with an additional NOK 10 million grant from Innovation Norway received in January.
Technology Progress: Company achieved a stable and repeatable process platform for producing well-defined carbon powders, enabling predictable, higher-volume production.
Testing & Validation: Over 1,200 coin cells produced for battery testing, with BCS powders showing promising performance, especially in lithium-sulfur chemistries.
Strategic Focus: BCS is prioritizing niche markets and external validation with global partners, with plans to focus on larger test volumes and industrial collaboration in 2026.
Commercial Outlook: Management is confident that 2026 will bring further progress, but emphasizes that commercial breakthroughs depend on ongoing testing and partnership development.
