BYD Energy Storage, a global leader in energy storage technology, and Corvus Energy, a leading provider of marine energy storage systems, announce the signing of a Memorandum of Understanding to establish a strategic collaboration focused on accelerating the development of 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 energy storage systems 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.
“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 energy storage systems Partner and Route-to-Market Partner, leveraging its proven expertise in system integration and its strong customer relationships worldwide.
