BYD Energy Storage, a global leader in the energy storage sector, and Corvus Energy AS (Corvus), the market leader in marine energy storage systems (ESS), today announced the signing of a Memorandum of Understanding (MoU) to establish a strategic collaboration aimed at advancing next-generation battery solutions for the maritime sector.

The MoU strengthens the cooperative relationship between the two companies by combining BYD Energy Storage’s scale and technological leadership in LFP batteries with Corvus Energy’s unparalleled expertise in marine ESS applications. Together, BYD Energy Storage and Corvus will work to accelerate product development, enhance global market reach, and deliver innovative, safe, and high-efficiency energy storage solutions for the global shipping industry.

A SIGNIFICANT STEP
“This MoU represents a significant step forward in our ambition to remain the market leader in high-quality marine battery systems,” said Ole Jacob Irgens, Head of EMEA and Asia at Corvus Energy. “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 proven expertise in system integration and its strong customer relationships worldwide.

BYD Energy Storage

• BYD Energy Storage is an industry leader dedicated to the technological R&D and practical application of energy storage systems and equipment.
• Its innovative new battery technologies are widely deployed across diverse scenarios including electric vessels, electric forklifts, and industrial robots, providing robust support for global new energy applications.

Corvus Energy

• Corvus Energy, headquartered in Bergen, Norway, is the world’s leading provider of zero-emission solutions for maritime, offshore, and port applications.
• The company offers a comprehensive portfolio of energy storage and fuel cell systems designed to suit nearly every vessel type.
• Its solutions include modular lithium-ion battery systems and hydrogen-based PEM fuel cells.
• With a track record of more than 1,300 projects across offshore, passenger, commercial, and industrial marine segments, Corvus Energy delivers cutting-edge ESS technology supported by a global service and supply chain network.
• Today, more than 50% of the world’s vessels equipped with zero-emission technology rely on Corvus Energy systems.