ESS specialist Corvus Energy has secured a US$60m growth capital injection from an investor consortium led by Morgan Stanley. Corvus Energy has delivered more than 1,300 hybrid or all-electric ESS installations worldwide, representing 1,300MWh of installed capacity and more than one million operating hours across different segments such as ferries, offshore vessels, tugs, ro-paxes and cruise ships.
“The maritime industry is entering a decisive decade for decarbonization, with accelerating demand for clean energy shipping solutions which also deliver cost savings for our customers compared to fossil-based alternatives,” said Fredrik Witte, chief executive officer of Corvus Energy.
“We are excited to welcome this group of international investors as we strengthen our ability to meet surging global demand for zero-emission solutions. Their support, alongside our existing shareholders, affirms Corvus’s position as the market leader in maritime energy storage and provides the capital and strategic support we need to accelerate growth in key regions.”
The funding will enable Corvus Energy to accelerate deployment of its solutions, expand production capacity and continue product innovation. The company operates globally across 15 locations with manufacturing sites in Norway, Canada and the USA.
You can read Corvus Energy’s latest article for E&H Marine here.
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