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Regulatory press release

BCS: Skattefunn application approved

Bergen Carbon Solutions
(Bergen, 17 December 2024): Bergen Carbon Solutions AS (BCS, OSE:BCS) 

Bergen Carbon Solutions AS (BCS), the pure-play carbon capture and utilization
(CCU) company, has received approval for funding from The Research Council of
Norway ("Forskningsrådet") through the "Skattefunn" program for our project to
improve the characteristics of our carbon powders.

BCS will receive funding totaling NOK 14.3 million for the period 2024-2026.

SkatteFUNN is a tax deduction scheme for research and development (R&D) efforts
in business. The aim is to encourage companies that acquire new knowledge,
information, or experience, which can lead to new or improved products,
services, or production methods.

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
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