Corvus Secures $4.9 Mln Credit Facility
Export Development Canada (EDC) has announced the closing of a CAD$6.5 million (US$4.9 million) contract financing credit facility for Corvus Energy Inc., a Richmond, BC-based designer, developer and manufactureer of energy storage systems (ESS) and lithium-ion battery solutions for hybrid and electric marine applications. The financing will allow Corvus to fulfill various export contracts, primarily for hybrid ferries in Europe, EDC said. “The electrification of the maritime industry in Europe is accelerating and the award-winning Orca ESS from Corvus Energy is facilitating that transition…
Corvus Energy Unveils Orca ESS Product Line
Manufacturer of lithium-ion based energy storage systems (ESS) Corvus Energy said it is set to unveil its next generation product line, Orca ESS, specifically designed and built to meet the needs of maritime applications. The Orca ESS product line, which will make its public debut at the Electric & Hybrid Marine World Expo in Amsterdam, June 21-23, has been developed based on experience from more than 50 vessels currently utilizing a Corvus ESS, totaling over 35MWh installed and 1 million operating hours, Corvus Energy said.
Improved Performance for Lithium Ion Battery Systems
Corvus Energy has validated and is restating the product specifications for its lithium ion battery systems reflecting that the system has double the RMS power capability and substantially more energy capacity than previously reported. As part of its ongoing testing regimen, Corvus worked closely with LAEC and its founder, Dr. Majid Bahrami, at its state-of-the-art testing lab located at Simon Fraser University (SFU) on an extensive series of tests of the performance and characteristics of the AT6500 platform.
Corvus Energy Opens Office in Bergen
Corvus Energy, a supplier of Type-Approved energy storage systems (ESS) for the commercial maritime industry is proud to announce the opening of Corvus Norway AS. Corvus Norway AS is at the forefront of a new trend in the marine industry, the adaptation of hybrid-electric propulsion technology. Hybridized vessels provide ship owners with a rapid return on investment with immediate savings in fuel and maintenance costs and significantly reduced emissions. These benefits, along…
Powering the First Electric Commercial Fishing Boat
Corvus Energy announced a Corvus ESS with a Siemens BlueDrive PlusC marine propulsion system will power the Selfa Elmax 1099 electric fishing boat designed and built by Selfa Arctic AS. The 11 meter electric vessel will have a 195 kWh ESS consisting of 30 Corvus AT6500 lithium polymer battery modules. The fishing boat, designed to operate entirely on Corvus battery power over a planned 10-hour working day, will also have a small 50kW auxiliary generator and can be charged overnight by plugging into the electrical grid.
Scandlines Orders Ferry Battery System
Corvus Energy announced that that it will deliver an additional 2.6 MWh battery system to German-Danish passenger ferry company Scandlines – operators of the world’s largest battery hybrid electric ferry fleet. Scandlines’ fleet of battery hybrid ferries currently include: the M/V Deutschland, M/V Schleswig-Holstein, M/V Prins Richard and M/V Prinsesse Benedikte, with the M/V Copenhagen and M/V Berlin under construction. Each vessel has between 1.5 MWh and 2.6 MWh of energy storage.
Corvus Energy Names Hauso Executive VP
Corvus Energy has appointed Halvard “Hal” Hauso as executive vice president of sales and marketing. Hauso brings more than 30 years of industrial marine business development experience to this role, most recently serving six years as senior vice president at Rolls-Royce Marine, leading the power electric system department and as CEO at Scandinavian Electric Systems before it was bought by Rolls-Royce. Andrew Morden, president and CEO of Corvus Energy, said, “Hal will provide an…
New Research Vessel Taps Hybrid Power
Battery hybrid provides clean, quiet, fuel‐efficient research platform on Long Island Sound. Corvus Energy, Northern Lights and BAE systems now power Spirit of the Sound, a floating marine education classroom and research vessel. The vessel, a 65‐foot catamaran, will operate in Long Island Sound for The Norwalk Aquarium in Connecticut. The Corvus Energy lithium battery will provide the high-density energy storage for propulsion and house loads. Two 100kw diesel Lugger L1064A generators…
Corvus Gains Support from WINN Initiative
Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy Storage System. The Corvus Energy system provides industrial scale energy storage to enable customers to power or hybridize fully electric heavy equipment. Designed for use in extreme environmental conditions, the Corvus lithium battery is also built to perform at an industrial scale. Used in vessels ranging from oil platform supply vessels to passenger ferries…
Scandlines’ Hybrid Ferry Fleet is World’s Largest
Corvus Energy and Scandlines announced today the completion of the commissioning for the Scandlines’ fleet of hybrid ferries: the M/V Deutschland, M/V Schleswig-Holstein and M/V Prins Richard. According to the companies, the vessels represent the largest fleet of hybrid ferries in operation today. Based on the success of Scandline’s first hybrid conversion, the MF Prinsesse Benedikte, the latest three vessels each use a 2.7MWh Energy Storage System (ESS) consisting of 399 Corvus Energy AT6500 advanced lithium polymer batteries integrated with Siemens drive systems.
Corvus Energy Gets Green Marine Capital Backing
Lithium-ion battery systems manufacturer, Corvus Energy, says agreement in principle has been reached with BW Ventures’ Green Marine Capital (GMC), a Maritime Technology Investment Partnership, for a strategic investment of US$5 million to fund working capital requirements. Corvus also says that Andrew Morden, Chief Financial Officer, has been appointed interim CEO replacing Brent Perry effective May 5, 2014. “The Board of Directors and majority shareholders of Corvus are very pleased to partner with Green Marine Capital.
Corvus Partners with GMC; Morden Named Interim CEO
Corvus Energy today announced that it has entered into an agreement in principle with BW Ventures’ Green Marine Capital (GMC), a Maritime Technology Investment Partnership, for a strategic investment of $5 million with the primary purpose of funding working capital requirements. “The Board of Directors and majority shareholders of Corvus are very pleased to partner with Green Marine Capital. The firm is focused on the benefits that our technology brings to the marine industry and understands its future potential.” commented Nick Andrews, Chairman of the Corvus Board of Directors.