Beyonder and Bergen Carbon Solutions sign LOI to enhance the technical capabilities of Beyonder batteries and secure local supply of critical carbons

11 Sep 2024 12:00 CEST

(Bergen, 11 September 2024): Bergen Carbon Solutions AS (BCS, OSE:BCS)

Beyonder and Bergen Carbon Solutions (“BCS”) have signed a letter of intent
(LOI) to establish a local value chain of green carbon for Beyonders BePowered
product- and development work for next generation battery chemistries.

"Securing local access to sustainable carbon materials for our batteries are
important, and the BCS novel technology to develop a true local CCU value chain
is attractive for us to further explore. Our aim will be to offer a unique and
competitive advantage for our batteries in the years to come" says Tove Nilsen
Ljungquist, CEO of Beyonder.

The objective of the cooperation is to further establish and commercialize
access to critical carbon materials for Beyonder`s BePowered products and the
next generation battery chemistries.

"Local and sustainable battery production will be key as EU’s Critical Raw
Materials Act(CRMA) will enhance the strategic importance for the battery
producers to team up with new sustainable technology providers in the raw
material space like BCS. Together with Beyonder, we will work to reduce their
supply chain risk and their corresponding CO2 footprint in the years to come"
says Odd Strømsnes, CEO of BCS.

About Bergen Carbon Solutions AS
Bergen Carbon Solutions (BCS) delivers both carbon capture and utilization
technology and clean carbon raw materials, that adds value to existing and
fast-growing industries. The company is making CO₂ a valuable resource, turning
excessive greenhouse gasses into solid carbon. With its groundbreaking process
for carbon capture and utilization (CCU), BCS is enabling clean carbon for green
manufacturing. The CCU technology is ensuring 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,
BCS 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.
To learn more, visit bergencarbonsolutions.com

About Beyonder AS
Beyonder is a leading Norwegian battery technology company established in 2016
developing sustainable battery solutions for the future. The company has
developed, qualified, and certified its own product, based on its proprietary
recipe, called BePowered. The BePowered battery cell aims to contribute to the
green transition
through its cost-effective, environmentally friendly, and energy-efficient
properties and have access to an annual production capacity for the qualified
product of 2.4 GWh through an external partner.
To learn more, visit beyonder.no

Contact:
Karina Brudeseth, CFO, karbru@bergencarbonsolutions.com
Cecilie Våge, acting Communication Director, cecilie@mverdi.no

More information:
Access the news on Oslo Bors NewsWeb site