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Bergen Carbon Solutions AS ( (DE:7X7) ) has issued an update.
Bergen Carbon Solutions AS has received the first 9.09 million Norwegian kroner tranche of a 30.3 million kroner grant to support a project expanding its carbon powder product portfolio for advanced battery applications. The funding will back development of critical raw materials designed to enable lighter, longer-lasting batteries with higher energy density and lower material consumption, a move that could bolster Norway’s role in the European battery value chain and strengthen the company’s positioning as a supplier to emerging battery chemistries; alongside the grant, BCS is deepening strategic partnerships with industrial investors, leading chemical companies and automotive manufacturers as it pursues international growth from its Bergen base.
More about Bergen Carbon Solutions AS
Bergen Carbon Solutions AS is a Norwegian technology company in carbon utilisation that converts CO2 into solid carbon using a proprietary carbon capture and utilisation process. Its clean-carbon products, including carbon nanotubes and graphite, are aimed primarily at the global, fast-growing battery industry and other carbon-intensive sectors seeking to replace fossil-based solutions and reduce exposure to raw material and geopolitical supply risks. Founded in 2016, headquartered in Bergen with laboratories and test facilities at Flesland, the company is listed on Euronext Growth and is pursuing international expansion.
Average Trading Volume: 63,167
Current Market Cap: NOK155.3M
For an in-depth examination of 7X7 stock, go to TipRanks’ Overview page.