Corvus Ink Deal for its "Next Generation" Maritime Energy Storage Systems

Corvus says the deal with LG Chem will give it access "to the most cost-effective, high quality cells available today and into the future."

Canada-based maritime battery manufacturer Corvus Energy today announced a new multi-year agreement with Korea's LG Chem Ltd. (LG Chem) that will see the Seoul-headquartered company provide lithium-ion pouch cells for Corvus' next generation maritime energy storage systems (ESS).

The marine market was said to be a "strategic priority" for LG Chem, while Corvus will get access "to the most cost-effective, high quality cells available today and into the future."

The new systems will launch some time later in 2016.

"We are excited to provide to our customers a step change in cost-per-kWh for purpose-built high quality maritime ESS solutions" said Andrew Morden, CEO of Corvus Energy.

"LG Chem will be one of our most trusted strategic partners and this agreement allows Corvus to better serve our maritime partners."

Corvus technology powers more than 50 commercial hybrid and electric maritime installations around the world, with an installed-base totaling over 30 megawatt-hours, the company says, such as those employed by Danish ferry operator Scandlines.

"LG Chem is very focused on success in the rapidly growing marine market and we know that success takes not only cost-effective energy storage components and deep customer relationships, but also application-specific engineering to ensure the energy storage is designed for a smooth integration, long-term durability and safe operation aboard a ship," said Chris H. Cha, Team Leader Marine TFT, ESS Marine & Offshore Applications, LG Chem.

"Through its large reference list and leadership in marine ESS innovation and safety, Corvus has demonstrated it is the correct partner."

In January Ship & Bunker reported that a validation process had demonstrated "vastly improved" product specifications of Corvus' lithium ion battery systems than previously reported.