Corvus Energy secures investment from Shell's venture arm
Corvus Energy, a Richmond, British Columbia-based developer of maritime energy storage solutions, has raised additional, undisclosed financing. The investor was Shell Ventures, the venture capital arm of Anglo-Dutch energy and chemical group Royal Dutch Shell plc. Founded in 2009, Corvus provides energy storage in the form of modular lithium-ion battery systems for maritime, offshore, subsea and port applications. Its solutions optimize energy consumption and reduce costs and emissions. Led by CEO Geir Bjørkeli, Corvus will use the funds raised to expand internationally and further enhance its technology. Corvus' other backers include Equinor Technology Ventures and Norsk Hydro.
12 August 2019•4 mins read
