Founded in 2009, Corvus Energy develops and supplies ESS solutions used in hybrid and fully electric vessels. The company has delivered more than 1,300 systems worldwide, totaling approximately 1,300 MWh of installed capacity and over one million operating hours. Its systems are used in ferries, offshore vessels, tugs, RoPax ships, and cruise vessels. According to company estimates, these installations have avoided around 11 million tonnes of CO2 emissions to date.

“The maritime industry is entering a decisive period for reducing emissions,” said Fredrik Witte, Chief Executive Officer of Corvus Energy. “This investment will help us scale production, enhance our product range, and respond to increasing global demand for low- and zero-emission vessel technologies.”

The new funding will be used to expand production capacity, advance product development, and support the company’s participation in global efforts to decarbonize shipping, which accounts for about 3% of worldwide greenhouse gas emissions.

Corvus Energy operates 15 locations, including manufacturing sites in Norway, Canada, and the United States. Its product range covers multiple ESS chemistries and configurations for different vessel types.

Recent projects include:

• The world’s largest fully electric vessel and fast ferry, equipped with 42 MWh of Dolphin Energy ESS, built by Incat for South American operator Buquebus, scheduled for commissioning later this year.

• The Blue Whale project, the first fully electric offshore vessel and the largest LFP-based maritime energy storage system to date, with nearly 25 MWh installed.

“This capital will support continued growth and innovation,” said Mette Rokne Hanestad, Chief Financial Officer of Corvus Energy. “It allows us to expand while maintaining focus on both performance and sustainability.”

The transaction is expected to close in the coming weeks. Corvus Energy was advised by Alexa Capital and the law firm Schjødt.