Danish shipowner major J. Lauritzen is among a consortium investing in marine battery specialist Corvus Energy.
Corvus Energy announced yesterday it has secured a $60m growth capital injection from a group of blue-chip international investors. Morgan Stanley Investment Management led an investor consortium that includes Just Climate and J. Lauritzen.
Founded in 2009, Corvus Energy has pioneered maritime energy storage systems (ESS) and today supplies more than half of the world’s zero-emission vessels. The company has delivered over 1,300 hybrid or all-electric ESS installations worldwide.
“The investment in Corvus Energy is in line with our overall goal of creating a lasting impact on the maritime industry through our investments – Corvus Energy has proven that it is possible to deliver truly scalable zero emission solutions to the maritime industry, and we are proud to become investors and support the further development of the company,” said Kristian Morch, CEO of J. Lauritzen.
“The maritime industry is entering a decisive decade for decarbonization, with accelerating demand for clean energy shipping solutions which also deliver cost savings for our customers compared to fossil-based alternatives,” said Fredrik Witte, CEO of Corvus Energy. “We are excited to welcome this group of international investors as we strengthen our ability to meet surging global demand for zero-emission solutions.”
Other shipowners to have invested in Corvus Energy in the past include Andreas Sohmen-Pao’s BW Group.
