Corvus Energy has announced it is moving forward with plans to boost maritime battery manufacturing capacity at its facilities in Norway and Canada.
In a statement issued yesterday (25 March), Corvus Energy said that a new automated battery factory in Bergen began producing energy storage systems (ESS) in the fourth quarter (Q4) of last year and now it has signed a contract for investment in new production line equipment for its Richmond plant in British Columbia.
Geir Bjørkeli, Chief Executive Officer of Corvus Energy, commented: ‘With anticipated growth in the market, increased capacity and production flexibility are crucial to keeping up with customer demand.
‘The Canadian facility will begin producing our newest multi-megawatt hour ESS, which we call Blue Whale and expect to be the cornerstone of Corvus’ growth in coming years.
‘The market for these enormous battery systems will increase rapidly as cruise ships, large ferries and merchant vessels strive for zero-emissions operation. Some forecasts predict it will be a $1 billion market by 2026. Corvus is well positioned to be an innovator and market leader in zero-emissions solutions.’
Corvus Energy sadid that the total investment in research and development (R&D), plant and equipment is expected to be over $16 million. The R&D carried out in Richmond is partly funded by Canada’s National Research Council Industrial Research Assistance Program (NRC IRAP).