World News
New Corvus Energy US Battery Factory Will Serve Marine Market
Technology firm Corvus Energy is setting up a new battery factory in the US aimed at supporting demand from the shipping industry.
The new facility will have an annual production capacity of 200 MWh of stored energy capacity, Corvus said in an emailed statement on Thursday. The factory will be based at the Port of Bellingham,to the north of Seattle.
The firm estimates the market for maritime energy storage systems may be worth $800 million by 2030.
"We have seen a significant uptake in orders from the US market as well as a growing commitment from the government and industry players on reducing GHG emissions," Geir Bjørkeli, CEO of Corvus Energy, said in the statement.
"Increased capacity and production flexibility will be key to meeting anticipated growth.
"The US factory, along with a more robust sales and service organization, will ensure that we can meet American shipowners' goals and market demand, providing better services to the US maritime industry."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 25The firm has installed rotor sails expected to save 10-15% in fuel consumption on transpacific routes on board the Chinook Oldendorff. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel.