Corvus Energy secures funding from Government of Canada

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Corvus Energy secures funding from Government of Canada

Corvus Energy secures funding from Government of Canada

Corvus Energy has been awarded funding from the National Research Council of Canada’s Industrial Research Assistance Program for the development of the company’s next-generation products

Richmond, B.C – September 7, 2016 – Corvus Energy Inc., a Canadian manufacturer of lithium-ion based battery systems, is receiving up to $469,500 in non-repayable funding from the Government of Canada. The funding will support Corvus’ continued development and expansion of its next generation line of maritime energy storage systems (ESS) – Orca ESS.

This investment is made through the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) which supports numerous small and medium-sized enterprises in Canada every year in the development and commercialization of technologies. NRC-IRAP works with industry to bridge technology gaps, helping build a more innovative Canadian economy that reflects today’s global realities.

“NRC-IRAP’s support is enabling us to accelerate the development and global marketing of our industry leading energy storage systems,” said Andrew Morden, President & CEO of Corvus Energy Inc. “The amount of innovation our team has packed into Orca, our next generation product line, has garnered attention from customers around the globe. We are extremely grateful for the continued support from the Government of Canada and the National Research Council.”

Orca ESS is the recently announced product line from Corvus which is specifically designed for hybrid and all-electric maritime applications. As the leading manufacturer of energy storage systems for maritime applications, Corvus designed the Orca ESS solutions portfolio based on the experience from 50+ maritime projects 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 that are designed to meet the needs of various customer applications.

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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