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Corvus Secures CAD 6.5M in EDC financing to grow its international business

Corvus Secures CAD 6.5M in EDC financing to grow its international business

EDC provides CAD 6.5M in financing to cleantech company Corvus Energy Inc. to grow its international business

(OTTAWA)- June 22, 2017

Export Development Canada (EDC) today announced the closing of a CAD $6.5M contract financing credit facility for Richmond, BC-based Corvus Energy (Corvus) Inc.

Corvus designs, develops and manufactures energy storage systems (ESS) and lithium-ion battery solutions for hybrid and electric marine applications to help reduce fuel consumption and emissions. The financing will allow Corvus to fulfill various export contracts, primarily for hybrid ferries in Europe.

“The electrification of the maritime industry in Europe is accelerating and the award-winning Orca ESS from Corvus Energy is facilitating that transition”, says Andrew Morden, President and CEO of Corvus Energy. “This credit facility will allow Corvus to aggressively ramp up production to meet the growing demand for our technology which now leads the industry in project wins.”

One of EDC’s priorities is to support the global growth potential of Canadian cleantech companies. EDC has a dedicated team to focus on understanding the industry’s needs and delivering the right solutions to help Canadian cleantech companies start up and grow their business internationally.

“Cleantech is one of Canada’s fastest growing sectors and more than half of the industry’s revenues come from exports,” said Carl Burlock, Senior Vice President, Financing, EDC. “With 99 per cent of revenue coming from international contracts, Corvus is a great example of an innovative Canadian company responding to increasing global demand for clean energy technology. EDC is built to help businesses like this grow their sales into new markets.”

EDC is Canada’s leading provider of financing, insurance and bonding for Canadian companies of all sizes that do business outside of Canada.

“If your company works in cleantech and you’re interested in hearing more about expanding to markets outside of Canada, EDC is here to help you,” added Burlock.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose-built, field-proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including port equipment and large marine propulsion drives. For more information, please visit: www.corvusenergy.com.

Media Contact:

Sean Puchalski

VP Strategic Marketing and Accounts

(604) 227-0280 ext. 123

spuchalski@corvusenergy.com

 

About EDC

EDC helps Canadian companies go, grow, and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies.

For more information about how we can help your company, call us at

1-888-434-8508 or visit www.edc.ca. 

Spokesperson

Elise Dedekam

Export Development Canada

ededekam@edc.ca

(613) 851-3076

 

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Corvus Energy wins top industry awards for third consecutive year

Corvus Energy wins top industry awards for third consecutive year

News Release

Corvus Energy wins top industry awards for third consecutive year

Corvus Energy wins both Supplier of the Year and Innovation of the Year at the 2017 Electric & Hybrid Marine World Expo Awards

Richmond, B.C. – June 13, 2017 – Corvus Energy has been awarded both ‘Supplier of the Year’ and ‘Innovation of the Year’ at the 2017 Electric & Hybrid Marine Awards being held at the Electric & Hybrid Marine World Expo. This is the third consecutive year that Corvus has received the Supplier of the Year award and a first time win for Innovation of the Year. The award recipients are decided up on by a panel of highly regarded industry experts.

“Battery technology is at the heart of electric and hybrid marine propulsion technology. Corvus is a true leader in this area and its growth and achievements in 2016 serve as a reminder of how important this company continues to be”, said awards panel judge Martyn Lasek, editor, Ship & Bunker.

The awards were presented to Willie Wagen, Corvus Energy Global VP of Sales & Marketing and Managing Director of Europe, on the final day of another very successful Electric & Hybrid Marine Expo taking place in Amsterdam. “The team at Corvus is very pleased to have been selected once again as Supplier of the Year and extremely proud to have also been awarded Innovation of the Year for the industry leading Orca ESS”, said Wagen. Adding, “over a year ago Corvus set out to design and develop the world’s best energy storage system. The result of that was Orca ESS, the safest, highest performing, and most cost effective ESS for all-electric and hybrid applications. Orca ESS is accelerating the transition to electrification for many operators and ship owners. No other firm understands this technology and industry better than Corvus and we have the greatest number of installations & upcoming projects to prove it.”

Further recognition from awards judges: “Corvus’ exceptional growth and high spending on R&D merit recognition for a third consecutive year as the company’s innovative solutions, and especially the Orca ESS, gain rapid acceptance among customers” – Jack O’Connell, senior editor, The Maritime Executive.

Following the successful launch of Orca ESS at the Electric & Hybrid Marine World Expo one year ago, Corvus has won over 2 dozen new projects totalling over 15MWh that will utilize Orca ESS. In total, Corvus Energy has deployed 70+ installations with over 43MWh installed and now exceeding 1 million operating hours. Corvus has unsurpassed experience and knowledge that enables revolutionary innovation.

“Corvus has shown again why it is at the forefront of one of the fastest-growing maritime sectors. An impressive performance that bodes well for the future for the company”, concluded Rich Miller, managing editor, Professional Mariner and American Ship Review.

About Orca ESS

The Orca ESS product line was specifically designed and built to meet the needs of maritime applications at the industry’s highest levels of performance and safety, while making economic sense to ship owners and builders. No other maritime ESS has been designed with as much real field experience and performance data than Orca has.

Rather than a single product approach, the Orca ESS product line delivers a range of products which are designed to meet the various needs of maritime customers. Orca Energy is ideal for applications that require large amounts of energy such as ferries and merchant vessels, while Orca Power was designed for applications that require a seamless response to dynamic power loads such as offshore supply vessels and port equipment.

With the industry’s highest C-Rates, unparalleled density and increased lifespan, Orca ESS solutions are designed to scale for applications of all sizes, up to and beyond 10MWh, at a lower total cost of ownership.

In addition to the superior performance and economic advantages, the purpose-built Orca product line also includes industry leading innovations related to safety and operations. Among those innovations, both Orca Energy and Orca Power feature patented-pending technology that delivers cell-level thermal runaway isolation. This unprecedented level of safety is standard across the Orca ESS product line and does not require active cooling techniques, such as liquid cooling for it to be effective. Additional innovations such as ‘blind-mate’ power connections contained within the rack, eliminate the need for cables and manual connections resulting in enhanced reliability, increased safety and reduced installation costs.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose built, field proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine propulsion drives. For more information, please visit www.corvusenergy.com.

Media Contact:
Sean Puchalski
VP Strategic Marketing and Accounts
(604) 227-0280 ext. 123
spuchalski@corvusenergy.com

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Corvus Energy Orca ESS to power one of the world’s cleanest offshore platform supply vessels

Corvus Energy Orca ESS to power one of the world’s cleanest offshore platform supply vessels

News Release

Corvus Energy Orca ESS to power one of the world’s cleanest offshore platform supply vessels

Corvus Energy’s next generation Orca Energy ESS has been selected by Wärtsilä to provide battery power to the Eidesvik Viking Princess

Richmond, B.C. – May 30, 2017 – Corvus Energy is pleased to announce that it has been selected by Wärtsilä as the supplier of lithium ion based energy storage systems (ESS) for the retrofit of an offshore platform supply vessel, the Viking Princess. Corvus will be supplying the industry leading Orca Energy ESS solution for the project. The Viking Princess is the second Eidesvik platform supply vessel to adopt a Corvus energy storage system, following the Viking Lady.

The Viking Princess is a state-of-the-art offshore supply vessel designed to safely service offshore installations in the extremely harsh waters of the North Sea. The 533kWh Orca Energy ESS will be installed on the vessel in a hybrid arrangement, replacing one LNG genset, approved by DNVGL & NMA as spinning reserve resulting in 1 tonne of fuel savings per day.

“Corvus Energy is honoured to be working with Wärtsilä and Eidesvik once again, on the retrofit of the Viking Princess”, says Halvard Hauso, SVP Business Development of Corvus Energy. “The first Eidesvik ship powered by a Corvus ESS, the Viking Lady, has become a well-known industry case study of a hybrid-electric vessel. We are excited to demonstrate on the Viking Princess that the well-documented benefits of an ESS on offshore vessels can be achieved at a lower cost to ship owners, thereby improving the economic rationale for such deployments.”

“Corvus Energy, and more specifically the Orca Energy ESS, was selected for its compelling safety, performance and return on investment”, said Dag Håvard Håvardsholm of Wärtsilä. “Based on the innovative approach of Orca and Corvus’ industry leading experience, ship owner Eidesvik has complete trust in this solution.”

As the leading manufacturer of energy storage systems for maritime applications, Corvus designed and built the Orca ESS solutions portfolio based on the experience from 70+ installations utilizing a Corvus ESS, totaling over 35MWh and 1 million operating hours. Rather than a single product, the Orca ESS product line delivers a range of products which are designed to meet the needs of various marine customers.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose-built, field-proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine propulsion drives. For more information, please visit www.corvusenergy.com.

Media Contact:
Sean Puchalski
VP Strategic Marketing and Accounts
(604) 227-0280 ext. 123
spuchalski@corvusenergy.com

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Corvus Energy showcases energy storage innovation at Nor-Shipping 2017

Corvus Energy showcases energy storage innovation at Nor-Shipping 2017

News Release

Corvus Energy showcases energy storage innovation at Nor-Shipping 2017

Corvus Energy joins innovation leaders at the Norwegian Centre of Expertise Maritime Cleantech Pavilion

Richmond, B.C. – May 29, 2017 – Corvus Energy is pleased to announce that it will be presenting at Nor-Shipping 2017 as part of the Norwegian Center of Expertise (NCE) Maritime CleanTech Pavilion in the Disruptive Sustainability Hall.

The Nor-Shipping exhibition showcases the best and latest in maritime technology, services and solutions. Presenting the latest insights into energy storage for maritime applications on behalf of Corvus Energy:

  • Geoff Crocker, Director of Product Management & Technical Sales:
    • Inside a state-of-the-art marine ESS – Tuesday May 30th
  • Willie Wagen, Global VP of Sales and Marketing, Managing Director of Europe:
    • Panel: Does industry need to collaborate or be disrupted out of business? – Wednesday 31 May, 10:30 – 11:30 Disruptive Room, Hall A
    • Global trends driving ESS adoption – Thursday June 1st

Corvus Energy, along with other leading innovators such as Bostek, NorthSea Container Line, Servogear, The Switch Norway, Wärtsilä and Westcon Power & Automation, will highlight innovative technologies that will enable the industry to tackle the challenges and opportunities that lie ahead.

Specifically, Crocker & Wagen will be discussing Orca ESS, the worlds safest and most technically advanced maritime ESS. Designed and built specifically for the maritime industry, the innovative Orca ESS product line represents the future of maritime ESS solutions.

An all-electric or hybrid propulsion system powered by a Corvus Energy Storage System (ESS) makes vessels more efficient by reducing fuel and maintenance costs. A reliable source of always-available instant power, a Corvus ESS will also improve vessel responsiveness and safety. Since introducing the concept of energy storage to the marine industry, Corvus has led the market with its innovative and cost effective solutions.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose-built, field-proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine propulsion drives. For more information, please visit www.corvusenergy.com.

Media Contact:
Sean Puchalski
VP Strategic Marketing and Accounts
(604) 227-0280 ext. 123
spuchalski@corvusenergy.com

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Corvus Energy to Deliver Battery Solutions to Cut Emissions in Chinese Ports

Corvus Energy to Deliver Battery Solutions to Cut Emissions in Chinese Ports

News Release

Corvus Energy to Deliver Battery Solutions to Cut Emissions in Chinese Ports

Corvus Energy’s Orca ESS to Power Multiple Hybrid RTG Cranes at Changshu Port

Richmond, BC – April 13, 2017 – Corvus Energy is pleased to announce that it will provide Orca Energy lithium-ion energy storage systems (ESS) for four hybrid rubber-tired gantry cranes (RTGs) for CCCC Shanghai Equipment Engineering (CCCCSEE). The RTGs are the first of many cranes at the Chinese Port of Changshu to undergo a diesel to battery hybrid conversion using a Corvus Orca ESS.

Corvus Energy will supply its latest generation ESS, Orca Energy, for the retrofit of four RTGs that will be converted to battery hybrid-electric cranes by integrator CCCCSEE. Unlike conventional diesel electric port cranes, the hybrid version is powered primarily from the Orca Energy ESS resulting in fuel savings of up to 65% with the added benefits of reduced operating costs, reduced greenhouse gas emissions and lower noise levels at the terminal. This order represents the first port equipment order to leverage the industry leading performance, safety, reliability and cost effectiveness of the Orca Energy ESS.

“This latest order from CCCCSEE for the Port of Changshu, once again proves the viability of energy storage for the hybridization of industrial equipment such as port cranes. The design and performance of Orca Energy enables the ESS to support aggressive load profiles with a significant reduction in cost.” says Sean Puchalski, Vice President Strategic Marketing of Corvus Energy. “With dozens of RTGs now using a Corvus Energy ESS, Corvus technology continues to be the answer for progressive port operators worldwide, who seek to increase efficiencies while reducing emissions and the environmental impact of their operations.”

“Corvus has positively shifted the economics and viability of converting diesel port equipment to battery hybrid-electric with Orca Energy. Exceeding all requirements and expectations with Orca Energy ESS, Corvus technology is a solid cornerstone of our advanced technology solutions strategy and the proven performance, durability and reliability of its battery systems is ideally suited to the demands of our industrial applications,” said Gao Jianzhong, Chief Engineer, CCCCSEE.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose-built, field-proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including port equipment and large marine propulsion drives. For more information, please visit: www.corvusenergy.com.

Media Contact:

Sean Puchalski

VP Strategic Marketing and Accounts

(604) 227-0280 ext. 123

spuchalski@corvusenergy.com

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Corvus Energy signs long-term service agreement for world’s largest hybrid ferry fleet

Corvus Energy signs long-term service agreement for world’s largest hybrid ferry fleet

News Release

Corvus Energy signs long-term service agreement for world’s largest hybrid ferry fleet

Corvus Energy has been awarded a long-term contract to provide service & maintenance to Scandlines hybrid ferry fleet

Richmond, B.C – April 10, 2017 – Corvus Energy has been awarded a 10-year long-term service and maintenance agreement for the entire Scandlines hybrid ferry fleet. The comprehensive multi-year contract includes both traditional service & maintenance of the fleets’ energy storage systems, plus Corvus’ remote condition-based monitoring service, WatchmanTM.

Demonstrating their unequalled leadership in environmental sustainability, Scandlines was the first ferry operator to build and operate large ROPAX (roll-on/off passenger) hybrid ferries that combine traditional diesel power with advanced battery power. Scandlines utilizes Corvus’ lithium-ion based energy storage systems throughout the entire fleet to provide the battery power.

“We thank Scandlines for their continued confidence in our products and services as they execute their ambitious environmental strategy,” said Ronald Hansen, Global Head of Service & Commissioning for Corvus Energy. “Supported by our highly experienced technical experts, our strong presence in the region and working closely with Scandlines, our advanced services and maintenance solutions will help ensure the Scandlines hybrid ferries operate reliably for many years to come.”

“Scandlines is very pleased to continue and expand our long partnership with Corvus Energy. Beginning with Corvus in 2012, their industry leading energy storage technology has become the standard electric battery power solution for all of our hybrid vessels,” said Fini Hansen, Technical Superintendent of Fleet Management at Scandlines.

On February 5th 2017, Scandlines put their two newest Corvus powered hybrid ferries, the M/V Berlin and M/V Copenhagen, into regular service on their Rostock-Gedser route between Denmark and Germany. Along with the decreased environmental impact, the fuel consumption of the vessels has been reduced to almost one third per crossing per car compared to the previous ferries used on the same route.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose built, field proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine propulsion drives. For more information, please visit www.corvusenergy.com.

Media Contact:
Sean Puchalski

VP Strategic Marketing and Accounts
(604) 227-0280 ext. 123
spuchalski@corvusenergy.com

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Corvus energy storage system to reduce emissions for new cruise ships

Corvus energy storage system to reduce emissions for new cruise ships

Corvus Energy’s next generation Orca ESS has been selected for two new polar expedition cruise ships

Richmond, B.C. – March 6, 2017 – Corvus Energy is pleased to announce that it has been selected as the supplier of lithium ion based energy storage systems (ESS) for two new polar expedition cruise vessels being built for a European expedition cruise operator. Corvus will supply its Orca Energy ESS to provide supplemental energy to the vessels in order to improve performance and reduce both operating costs and emissions.

The two new state-of-the-art vessels will be designed and customized specifically for polar expedition voyages. The selection of the Orca Energy ESS demonstrates the ship owner’s commitment to environmental sustainability by equipping the ships with advanced environmentally-friendly technology to reduce emissions. Each polar exploration vessel has capacity for a 6MWh Orca Energy ESS to provide operational power. The Energy Storage System will not only reduce fuel and operating costs but it will also drastically reduce the environmental impact of each vessel. In alignment with the operator’s goal of environmental sustainability, and while providing its passengers with the experience of exploring some of the world’s most exceptionally beautiful and unspoiled natural surroundings, the vessels will be capable of sailing silently on ESS battery power alone into pristine locations, lifting the natural experience to an entirely new level for cruise ships.

“The selection of Orca ESS for these two large and technologically advanced expedition cruise ships is further validation of Orca’s industry leading safety, performance and reliability innovations”, says Halvard Hauso, SVP Business Development of Corvus Energy. Adding, “Corvus is honoured to have Orca ESS as an integral part of the customer’s objective of designing these ships with the world’s most innovative ship technology. Orca’s advancements on safety and performance have not only caught this customer’s attention but also the attention of ship builders and integrators around the globe.”

As the leading manufacturer of energy storage systems for maritime applications, Corvus designed and built the Orca ESS solutions portfolio based on the experience from 65+ vessels utilizing a Corvus ESS, totaling over 35MWh and 1 million operating hours. Rather than a single product, the Orca ESS product line delivers a range of products which are designed to meet the needs of various marine customers. Orca Energy is ideal for applications that require large amounts of energy such as cruise ships, ferries and merchant vessels, while Orca Power has been designed for applications that require a seamless response to dynamic power loads such as offshore supply vessels and port equipment.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose built, field proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including port equipment and large marine propulsion drives. For more information, please visit www.corvusenergy.com.

Media Contact:

Sean Puchalski
, VP Strategic Marketing and Accounts
(604) 227-0280 ext. 123
spuchalski@corvusenergy.com

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Corvus Energy announces availability of liquid-cooling for Orca ESS

Corvus Energy announces availability of liquid-cooling for Orca ESS

Corvus Energy has announced the immediate availability of a liquid cooling option for its Orca ESS solutions for unique environmental and performance requirements

Richmond, B.C – February 23, 2017 – Corvus Energy, the world’s leading manufacturer of lithium-ion based energy storage systems (ESS) for maritime industries, is pleased to announce the availability of Orca LQ – a liquid cooled variant of its ground breaking, next-generation Orca ESS. Expanding the ESS product line, this latest option in the Orca ESS portfolio has been designed to specifically meet the demanding requirements of extreme environments and ultra high performance use cases. In keeping with rest of the Orca portfolio, the Orca LQ will provide the industry’s highest levels of performance and safety while making economic sense to ship owners and builders.

“Building on the incredible performance and affordability of Orca Energy, we have added the liquid cooled option for applications where there is a critical need to control the battery temperature”, says David Lokhorst, VP Engineering of Corvus Energy. “Our ability to match the ESS solution to the customer application is enabled by the knowledge and experience gained as the leading provider of ESS solutions. As a result, no other ESS provider can provide a fit-for-purpose ESS as cost effectively as Corvus Energy.”

As the market leader for maritime ESS, Corvus Energy designed the Orca ESS product line based on experience from 50+ vessels currently utilizing a Corvus ESS, totaling over 35MWh installed and 1 million operating hours. Each Orca solution leverages the knowledge gained from this industry leading experience to optimally solve the needs of different applications. Rather than a single product approach, the Orca ESS product line delivers a range of products which are designed to meet those various needs. Orca Energy is ideal for applications that require large amounts of energy such as ferries and merchant vessels, while Orca Power was designed for applications that require a seamless response to dynamic power loads such as offshore supply vessels and port equipment.

Orca ESS solutions equipped with liquid cooling are built on the same Orca platform as the air-cooled solutions, which includes industry leading innovations related to safety and operations. Among those innovations, both Orca Energy and Orca Power feature patented technology that delivers cell-level thermal runaway isolation. This unprecedented level of safety is standard across the Orca ESS product line and does not require active cooling techniques, such as liquid cooling, for it to be effective. Additional innovations such as power connections contained within the rack, eliminate the need for cables and manual connections resulting in enhanced reliability, increased safety and reduced installation costs.

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose built, field proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine propulsion drives. For more information, please visit www.corvusenergy.com.

 

Media Contact:
Sean Puchalski

VP Strategic Marketing and Accounts
(604) 227-0280 ext. 123
spuchalski@corvusenergy.com

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Corvus Energy recognized as global leader in clean technology

Corvus Energy recognized as global leader in clean technology

Corvus Energy has been selected for the 2017 Global Cleantech 100 list as one of the top companies solving clean technology challenges

Richmond, B.C. – February 6, 2017 – Corvus Energy Inc. is pleased to announce that it has been selected by the Cleantech Group for the 2017 Global Cleantech 100. The 8th edition of the Global Cleantech 100 list was collated by combining proprietary Cleantech Group research data, with over 9,000 nominations and specific input from their expert panel. These recognized companies are deemed to represent the most innovative and promising solutions in clean technology and are best positioned to solve the world’s clean technology challenges. Corvus was selected for its industry leading innovation and commercialization of its environmentally sustainable lithium-ion based energy storage systems which are utilized for hybrid and all-electric industrial applications such as marine propulsion and power.

The Cleantech Group expert panel is drawn principally from representatives of multinational corporations and industrials active in technology and innovation and from leading financial investors in Asia, Europe and North America. The panel includes pioneers, leaders, old veterans, and new entrants in Cleantech.

“Corvus is very proud to be recognized a global leader and innovator in clean technology”, says Andrew Morden, President and CEO of Corvus Energy. “Corvus technology enables industries which have traditionally relied upon fossil fuels for energy, to transition towards a future of clean, renewable power sources. Our industry leading solutions are accelerating the shift towards environmentally sustainable energy solutions by providing economic, safe and reliable energy storage systems which reduce fuel consumption, emissions and operating costs.”

The 2017 Global Cleantech 100 list: https://i3connect.com/gct100

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose-built, field-proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine power systems and propulsion drives. For more information, please visit:  www.corvusenergy.com.

 

Media Contact:

Sean Puchalski

VP Strategic Marketing and Accounts

(604) 227-0280 ext. 123

spuchalski@corvusenergy.com

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Corvus Energy wins contract to supply energy storage for first hybrid chemical tanker

Corvus Energy wins contract to supply energy storage for first hybrid chemical tanker

Corvus Energy’s next generation Orca ESS has been selected for world’s first hybrid chemical tanker being built for Rederiet Stenersen AS

Richmond, B.C. – February 2, 2017 – Corvus Energy Inc. is pleased to announce that it has been selected as the supplier of the lithium ion based energy storage system (ESS) for a new hybrid chemical tanker being built for Rederiet Stenersen AS of Norway. The chemical tanker will be the first vessel of its kind to utilize an ESS for propulsion. Corvus Energy will supply its next generation Orca Energy ESS solution to integrate with WE Tech Solutions’ propulsion system, which will deliver industry leading environmental performance for this new vessel. Orca Energy is part of the Orca ESS product line from Corvus Energy which is specifically designed for maritime applications.

Specifically, the Orca ESS solution will be integrated with WE Tech’s Direct Drive Permanent Magnet Shaft Generator solution into the 17,500 DWT IMO class II chemical tanker. This vessel is the first of 2 on order by Stenersen. The delivery from WE Tech to the first vessel is scheduled for Q2 of 2017. “Corvus Energy’s industry leadership and experience made our selection of Orca a very straightforward decision”, said Niklas Jakobsson Project Manager at WE Tech. “The innovations Corvus has achieved on cost, safety and performance have created an extremely compelling energy storage solution.”  

Rederiet Stenersen AS operates a fleet of 16 purpose built chemical/product carriers ranging from 13-19,000 DWT. All vessels are deployed in North West European Trade and equipped to the highest standards in order to meet the customers’ requirements and the harsh conditions in Northern Europe. Utilizing Corvus Energy’s Orca ESS solution for the hybrid power and propulsion systems will allow for running fewer diesel generators for certain operations – improving efficiency, reducing the exhaust emissions and lowering noise levels, making it the most environmentally friendly chemical tanker ship in the Rederiet Stenersen fleet. “The Orca Energy ESS from Corvus was an attractive solution for our new ships”, said John Stenersen, Director, Ship Management at Rederiet Stenersen AS. “By combining industry leading safety, performance and economic feasibility, the Orca ESS aligns with our mission to provide our customers with safe, reliable & cost efficient tanker transportation while meeting the highest quality, safety and environmental standards.”

“This latest order from WE Tech Solutions shows the viability of energy storage for the hybridization of longer-haul vessels”, said Halvard Hauso, SVP Business Development of Corvus Energy based in Bergen Norway. “As the cost of lithium ion batteries continues to improve we will see more and more applications beyond the traditional ferry and tug base.”

As the leading manufacturer of energy storage systems for maritime applications, Corvus Energy designed and built the Orca ESS solutions portfolio based on the experience from 50+ projects utilizing a Corvus Energy ESS, totaling over 35MWh and 1 million operating hours. Rather than a single product, the Orca ESS product line delivers a range of products which are designed to meet the performance, safety and economic requirements of various maritime customers. Orca Energy is ideal for applications that require large amounts of energy such as ferries and cargo vessels, while Orca Power has been designed for applications that require a seamless response to dynamic power loads such as offshore supply vessels and port equipment.

About WE Tech Solutions

WE Tech is a leading energy efficiency solution provider with a global presence in the marine industry. The company specializes in supplying solutions based on variable frequency drives and permanent magnet technologies. WE equips ships for success, providing benefits for new builds and existing ship upgrades worldwide. For more information, please visit: www.wetech.fi

About Corvus Energy

Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose built, field proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including port equipment and large marine propulsion drives. For more information, please visit www.corvusenergy.com.

Media Contact:

Sean Puchalski
VP Strategic Marketing and Accounts

(604) 227-0280 ext. 123

spuchalski@corvusenergy.com

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