Corvus battery technology receives Statoil investment

Industry Database

Corvus Energy has announced an investment from Statoil Technology Invest for the development of its lithium ion energy storage systems (ESS) for the offshore oil and gas industry.

Vessels and equipment hybridised or fully electrified with the Corvus EES are said to consume less fuel, operate more efficiently and emit substantially less greenhouse gases.

“We are very pleased to invest in Corvus Energy, a recognised leader in large-scale energy storage systems for marine applications. Its products and unparalleled expertise give them a competitive advantage for expanding into the offshore sector,” said Richard Erskine, managing director of Statoil. 

He added: “We see initial applications in vessels, with long term potential to apply the same technology to rigs and platforms, which will contribute to Statoil’s ambition to reduce CO2 emissions.”

This investment comes after two previous strategic investments in Corvus from Green Marine Capital, which have been assisting Corvus in delivering on its aggressive growth strategy.

“We are building on our success in the offshore supply and service market where we have successfully demonstrated our technology is perfectly suited to the sector’s stringent performance, safety and operational requirements,” said Andrew Morden, CEO and president of Corvus Energy.

“Offshore supply vessels like the Viking Lady OSV and Edda Ferd PSV that employ the Corvus ESS are field-tested and proven to meet and exceed performance and safety expectations.”

“These vessels run at peak efficiency for longer periods of time, saving fuel and maintenance costs and dramatically reducing emissions,” Mr Morden concluded.

LATEST PRESS RELEASES

InvaSave shipped to Las Palmas de Gran Canaria for demonstrations under INTERREG Programme “Atlantic Blue Port Services”

On Thursday 27 December, an InvaSave 300 Mobile Ballast Water Treatment System was transported from ... Read more

SCHOTTEL strengthens presence in Nordic region

As of November 2018, SCHOTTEL Norway AS and Frydenbø SCHOTTEL Nordic AS have been merged under SCHOT... Read more

StormGeo Launches Navigator Solutions Portfolio

The First Integrated Navigational Planning and Route Optimization Platform Delivered by One Company Read more

Oceans of opportunity

Sofia Fürstenberg Stott has been an architect of Nor-Shipping’s evolution to embrace and enable new ... Read more

Nor-Shipping looks to achieve industry first with ISO sustainable event standard

Nor-Shipping is aiming to set a new benchmark for the maritime and ocean event segment with a move t... Read more

Datum Electronics Ltd and Intertech B.V. Announce New Partnership in the Netherlands

Located in the Netherlands, Intertech B.V. is now Datum Electronics’ representative for torque senso... Read more

View all