Marine energy storage systems (ESS) company Corvus Energy has signed a memorandum of understanding (MoU) with BYD Energy Storage of China to establish a strategic collaboration aimed at advancing next-generation battery solutions for the maritime sector.
The MoU in intended to strengthen the cooperative relationship between the two companies by combining BYD Energy Storage’s scale and technological knowledge in LFP batteries with Corvus Energy’s experience in marine ESS applications. Together, BYD Energy Storage and Corvus expect to accelerate product development, enhance global market reach, and deliver innovative, safe, and high-efficiency energy storage solutions for the global shipping industry.
Ole Jacob Irgens, Corvus Head of EMEA and Asia, said: “This MoU represents a significant step forward in our ambition to remain the market leader in high-quality marine battery systems. By combining Corvus’ deep maritime understanding and extensive experience in marine battery installations with BYD Energy Storage’s scalability, innovation in LFP technology, and strong global supply chain, we are well positioned to bring new products to market faster and meet the evolving needs of the shipping industry.”
As part of the agreement, BYD Energy Storage and Corvus Energy will aim to coordinate global market activities to accelerate the adoption of marine energy storage systems and support the shipping industry’s transition toward cleaner, more sustainable operations. Corvus Energy will serve as the ESS System Partner and Route-to-Market Partner, leveraging its expertise in system integration and its customer relationships worldwide.
Image: MoU signing ceremony in Shanghai; Tom Wang, Sales Director BYD Energy Storage and Ole Jacob Irgens, Corvus (credit: BYD)
