Americas News
Statoil Unit Invests In Marine Battery Maker
Statoil Technology Invest has invested an undisclosed amount into Canada-based energy storage system (ESS) company Corvus Energy, the latter announced in a statement Wednesday.
"We are building on our success in the offshore supply and service market where we have successfully demonstrated our technology is perfectly suited to the sector's stringent performance, safety and operational requirements," said Andrew Morden, President & CEO of Corvus Energy.
"These vessels run at peak efficiency for longer periods of time, saving fuel and maintenance costs and dramatically reducing emissions."
Corvus' ESS technology is already reportedly installed on 35 commercial hybrid and electric vessels globally.
"We see initial applications in vessels, with long term potential to apply the same technology to rigs and platforms, which will contribute to Statoil's ambition to reduce CO2 emission," said Richard Erskine, Managing Director of Statoil Technology Invest.
"This investment also represents an exciting opportunity to accelerate the growth of hybrid marine technology complementing Statoil's increased focus on alternative energy solutions."
Ship & Bunker reported earlier this year that Corvus had signed a deal to install its ESS aboard a new hybrid vessel owned by Germany-based Siemens AS and Norway-based Ostensjo Rederi.
