Norway-headquartered Corvus Energy, a supplier of lithium-ion battery storage and hydrogen PEM fuel cell systems to the maritime industry, has secured an investment from Toyota’s growth fund, Woven Capital. The funding will be used for product development and geographic expansion. Corvus’s other leading investors include BW Group, Equinor Ventures, Hydro and Shell Ventures. More than… Read more »
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2,100-passenger electric Ro-Pax ferry ship features powertrain from Wärtsilä and batteries from Corvus
Australian shipbuilder Incat Tasmania is building a gigantic new battery-electric ferry. The lightweight catamaran has an overall length of 130 meters and a capacity of 2,100 passengers and 225 vehicles. It is being built for Uruguayan ferry operator Buquebús, which plans to operate the vessel between Argentina and Uruguay. Finnish technology group Wärtsilä will supply… Read more »
Corvus Energy to supply battery for zero-emission tanker
Kawasaki Heavy Industries has selected Corvus Energy to supply the energy storage system for Asahi Tanker’s zero-emissions electric e5 tanker, which is currently under construction. The battery-powered vessel was designed by e5 Lab, a consortium of Japanese shipping and maritime services companies, including Asahi Tanker, set up to build infrastructure services focused on electrically-powered vessels…. Read more »
Wärtsilä selects Corvus Energy batteries for Finnlines ferries
Wärtsilä has selected Corvus Energy to supply energy storage systems for three new hybrid ferries for Finnlines, a Finish ferry operator. Designed for roll-on/roll-off cargo, each ferry has a length of 238 meters, a beam of 34 meters, a capacity of 5,800 lane-meters, and more than 5,000 meter-square of vehicle decks. Built at Nanjing shipyard,… Read more »
Corvus Energy to provide energy storage systems for five new electric ferries
Corvus Energy, a supplier of energy storage systems (ESSs) to the maritime industry, has been selected as the ESS provider for five new electric ferries to be operated by Norwegian company Fjord1. Corvus will provide its lithium-ion battery-based ESSs to electrical systems integrator Norwegian Electric Systems (NES), which will provide the power and propulsion system… Read more »
Electric tanker ship to be powered by a 3.5 MWh battery pack
Cargo ships, powered by heavy fuel oil with a high sulfur content, are some of the largest and most polluting vehicles on the planet, so electrifying them could be very cost-effective in terms of reducing air pollution. Last year, a consortium of Japanese companies announced a collaboration to develop an all-electric oil tanker. Now Asahi… Read more »
Questions and concerns: Battery power in marine applications
Experts discuss the special concerns when designing battery technology for marine environments. There is growing worldwide demand for electric-powered vessels and for broader electrification in maritime operations, particularly in ports. Consider the Ports of Los Angeles and Long Beach, for example. Air pollution from those ports is a top concern for environmental and public health… Read more »
Why US battery startups fail – and how to fix it
Despite growing EV sales, battery startups in the US have largely failed, even when supported by major investors such as Bill Gates. Only 36 battery startups received more than $500,000 in funding since 2000, and of these, only two returned any profit, according to the tech industry analysis firm CB Insights. According to a new… Read more »
Marine battery maker secures $5 million in funding, pursues aggressive growth
Marine battery systems maker Corvus Energy has finalized a $5-million financing deal with Green Marine Capital (GMC). The company plans to use the new funding to pursue a strategy of aggressive growth. According to Corvus, its lithium-ion Energy Store Systems (ESS) serve more than 90 percent of the marine market, including both hybrid and fully… Read more »