Shells backs ESS developer Corvus Energy : Page 2 of 2

August 15, 2019 //By Nick Flaherty
Shells backs ESS developer Corvus Energy
Funding for Corvus targets increased development of Energy Storage Systems (ESS) in marine applications
towards renewable generation and electrification of many sectors accelerates. Current hybrid and zero-emission projects have proven that the potential for reducing costs and cutting emissions are substantial, which Shell will take advantage of in its offshore operations,” he added. “We look forward to working together with Corvus Energy’s renowned technological know-how and unique expertise in maritime energy storage to develop innovative and competitive solutions also in fields where it has not been used before.”

Back in February Corvus acquired another Norwegian lithium ion battery maker, Grenland Energy, in Skein. “We knew that Grenland Energy had technology that would accelerate our long-term strategy by complementing and strengthening our product portfolio,” said Bjørkeli. "They have highly skilled employees, high quality products, and a market-leading position within niche segments that represent attractive long-term growth potential. The market for battery storage is increasing rapidly. It is the perfect time to combine resources, competencies, and technologies with an optimized global footprint. We are eager to join forces with innovative companies such as Grenland Energy to offer extended and more specialized solutions and services,” he said.

“The Grenland team will play a vital role in future R&D programs within the Corvus family and help shape a hub for leading battery technology in the Grenland region," he added, and the Grenland Energy office will continue and expand its current operation in the Grenland region of Norway. The shareholders in Grenland Energy will continue as shareholders in Corvus Energy Holding.

www.corvusenergy.com

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