Corvus Energy records that it has actually settled a financial investment handleShell Ventures The financial investment is an action in the direction of Shell’s aspiration to reduce the carbon impact of the power items it markets by about 20% by 2035 and also by around 50% by 2050.
Shell Ventures is the business financial backing arm of Royal Dutch Shell plc and also signs up with a team of tactical financiers that collectively possess Corvus Energy: BW Ventures Limited, a component of BW Group, a worldwide delivery business; Equinor Technology Ventures, the innovation financial investment department of Equinor, which has substantial overseas oil & & gas procedures; Norsk Hydro, a Norwegian renewable resource and also light weight aluminum manufacturer; and also a Canadian financial investment team concentrated on tidy power options.
Corvus Energy is a leading programmer and also vendor of sophisticated power storage space systems (ESS) for maritime, offshore, subsea and also port applications. Its variety of lithium-ion battery ESSs are indispensable to the propulsion and also power administration systems of over half of the globe’s battery-hybrid and also zero-emission vessels. The Shell financial investment will certainly assist Corvus Energy increase globally and also additionally boost its technical management within maritime power storage space.
As a leader in maritime power storage space, Corvus Energy has actually provided ESSs for greater than 30 overseas assistance vessels, along with different subsea applications and also options for regenerative power options from mechanical devices. Corvus has actually efficiently shown its ingenious and also trademarked innovation efficiently helps in reducing gas intake and also discharges, while surpassing the overseas field’s rigorous efficiency, security and also functional needs.
Geir Bj ørkeli, Chief Executive Officer of Corvus Energy is passionate regarding having Shell Ventures as one of the tactical financiers: “To have strong and active owners has been crucial to our success and has taught us that by working closely with strategic investors we can achieve great results. A good example is what we achieved with Equinor, which has now become the model and inspiration for the rest of the world,” states Bj ørkeli. “To have Shell onboard as an investor means that we can reach out to a much larger market and apply our technology to more rigs and platforms as well as continue the hybridization of offshore vessels. We look forward to working with Shell to power a clean future and support Shell’s determination to make their operations more sustainable.”
“Corvus Energy is strong partner for Shell,” states Kirk Coburn, Investment Director inShell Ventures “The energy sector is going through a major transition as the trend 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,” Coburn proceeds. “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.”
