Corvus Energy
Corvus Energy supplies lithium-ion battery energy storage systems and hydrogen PEM fuel cell systems for maritime vessels, serving shipowners, shipyards, and system integrators across ferries, cruise, offshore, tugs, and merchant segments with over 50% global market share in maritime zero-emission solutions.
- Company typePrivate
- Founded2009
- HeadquartersBergen, Norway
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Corvus Energy does
Corvus Energy, founded in 2009 and headquartered in Bergen, Norway, is the world's leading supplier of energy storage systems (ESS) and hydrogen fuel cell systems for the maritime industry. Its product portfolio spans the Corvus Orca ESS (the most installed marine battery system worldwide, in 700+ vessels, based on NMC/graphite chemistry with up to 3C charge/discharge), the Corvus Dolphin NxtGen ESS in Power and Energy variants (NCA and LFP, space-efficient for lightweight applications), the Corvus Blue Whale NxtGen (a cobalt-free LFP system sized from 1 MWh to 200+ MWh for medium-to-large vessels), and the Pelican Marine Fuel Cell System (a PEM hydrogen range-extender co-developed with Toyota). All systems run on a proprietary 4th-generation Battery Management System, with type approvals from DNV, ABS, Bureau Veritas, RINA, Lloyd's Register, ClassNK, and ES-TRIN, plus DNV cybersecurity type approvals across the portfolio.
The company generates revenue primarily through hardware sales of custom-engineered ESS and fuel cell systems to shipowners, shipyards, and tier-1 maritime system integrators (Wärtsilä, ABB, Kongsberg, Siemens), priced per kWh or kW on a quote basis. A growing recurring layer comes from the Life Cycle Service Program — 24/7 support, remote monitoring via the Corvus Lighthouse/Vessel Information Portal (Microsoft Azure IIoT, with ML-driven condition-based monitoring), performance warranties, spare parts, and advisory services — plus a consultancy practice leveraging 10M+ hours of operational data. Go-to-market is enterprise field sales organized across EMEA, the Americas, and Asia, with 15 offices and automated production in Norway, Canada (Vancouver), and the USA (Bellingham, BABA-compliant).
Corvus serves five primary verticals — Cruise & Ferry, Offshore (OCV/CSOV/SOV), Merchant & Industrial (tankers, cargo, workboats), Tugs & Workboats, and Ports — with marquee customers including Norled, Crowley, AIDA Cruises, Havila Voyages, Asahi Tanker, Altera Infrastructure, Buquebus, Bibby Marine, CMAL, Washington State Ferries, BC Ferries, and Incat. The company reports more than 50% global market share in maritime zero-emission solutions, 1,300+ installations, 1,450+ MWh of ESS sold, and 10M+ cumulative running hours. Ownership is private, with strategic and financial investors including Morgan Stanley Investment Management (1GT), Just Climate, J. Lauritzen, Toyota Woven Capital, Equinor Ventures, Shell Ventures, and BW Group; the most recent round was a $60M Series E in October 2025.
Corvus Energy firmographics
Firmographics- Name
- Corvus Energy
- Legal name
- Corvus Energy AS
- Website
- https://corvusenergy.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Corvus Energy supplies lithium-ion battery energy storage systems and hydrogen PEM fuel cell systems for maritime vessels, serving shipowners, shipyards, and system integrators across ferries, cruise, offshore, tugs, and merchant segments with over 50% global market share in maritime zero-emission solutions.
- Ownership category
- akta.pro rank
Corvus Energy industry classification
Industry- Product category
- Maritime Energy Storage Systems
- NAICS
- Ship and Boat Building (3366), Ship Building and Repairing (336611), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Industrial Instruments For Measurement, Display, And Control (3823), Engines & Turbines (3510)
- akta.pro primary industry
- Energy Storage Systems for Marine (Batteries, supercapacitors) (IMAJAHAJ)
- akta.pro secondary industries
- Marine Power Generation & Energy Storage (Generators, Batteries, UPS) (IMAJAJAB), Shipboard Propulsion, Power Generation & Energy Storage (IMABAKAF)
Keywords
Where Corvus Energy is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices11 records
Markets served
Corvus Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Marine Energy Storage Systems (ESS) Hardware: Sale of modular lithium-ion battery systems (Orca, Dolphin NxtGen, Blue Whale NxtGen) and hydrogen PEM fuel cell systems (Pelican) to shipowners, shipyards, and maritime integrators. Systems are custom-configured per vessel, with pricing based on kWh capacity, system complexity, and integration scope. The largest single contract (Buquebus ferry) involves 40+ MWh of Dolphin systems.
- Life Cycle Service Program & Digital Services: Recurring service contracts covering the full design life of ESS installations. Includes 24/7 technical support, remote monitoring via Vessel Information Portal, performance warranty, spare parts, training, and advisory reports. Customers receive continuous monitoring and optimization recommendations. 20% discount on spare parts and training for service program subscribers.
- Consultancy Services: Expert advisory services including battery sizing, lifetime calculations, system design, retrofits, upgrades, and performance analysis. Leverages Corvus's dataset of 9+ million operational hours from 1,000+ projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Custom ESS systems priced per project |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Corvus Energy product offering
Product offeringCore offering
Corvus Energy designs, manufactures, and supplies lithium-ion battery energy storage systems (Orca, Dolphin NxtGen, Blue Whale NxtGen) and PEM hydrogen fuel cell systems (Pelican) for maritime, offshore, subsea, and port applications, sold to shipowners, shipyards, and maritime system integrators. The portfolio is complemented by a cloud-based Vessel Information Portal for monitoring and a Life Cycle Service Program for recurring support, training, and spare parts.
Product overview
Corvus Energy provides a comprehensive portfolio of maritime energy storage and fuel cell systems designed for zero-emission maritime operations. The product lineup includes the Corvus Orca ESS (the most installed marine battery system worldwide), the Corvus Blue Whale NxtGen (LFP-based large-scale system for medium to large vessels), the Corvus Dolphin NxtGen series (available in Power and Energy variants for lightweight applications), and the Pelican Marine Fuel Cell System (hydrogen fuel cell range extender developed with Toyota). The portfolio is complemented by the Corvus Vessel Information Portal, a cloud-based digital monitoring platform. Together, these products serve hybrid and all-electric applications across diverse vessel types including ferries, cruise ships, tugs, offshore vessels, and tankers.
Differentiator
Problem solved
Functional benefit
Brands
- Corvus Orca: The most installed marine battery energy storage system worldwide, operating in over 700 vessels
- Corvus Blue Whale
- Corvus Dolphin NxtGen
- Corvus Pelican
Products and services
- Corvus Orca ESS Lithium-ion NMC/graphite marine battery energy storage system for hybrid and fully electric vessels, operating in over 700 vessels worldwide. Features passive single-cell Thermal Runaway protection, hardware-based fail-safe circuits, and up to 3C charge/discharge rates.
- Corvus Blue Whale NxtGen ESS Large-scale cobalt-free LFP marine energy storage system designed for medium to large vessels, scalable from 1 MWh to 200+ MWh, with up to 15 years lifetime, ~30% weight and ~50% volume reduction versus Orca ESS.
Quantifiable outcome
- 4,415,508,112 liters of diesel saved globally across all Corvus installations
- +7 more outcomes
Companies that use Corvus Energy
Customer profileNamed customers16 records
Segments5 records
Ideal customer profiles3 records
Corvus Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature6 records
Corvus Energy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship / core, minor, core and supporting.
- BYD Energy Storageflagship / coreStrategic Cooperation Agreement (SCA) signed May 13, 2026, formalizing and expanding the December 2025 MoU. Combines Corvus' marine system integration expertise with BYD Energy Storage's advanced LFP cell technology to co-develop next-generation low-cost, safe, and reliable LFP marine battery systems. Covers R&D, certification, and large-scale deployment of high-rate marine battery systems for the global market. BYD is one of the world's largest battery cell manufacturers.
- SINTEF / OLiMPUS ProjectminorCorvus Energy participates in the EU-backed OLiMPUS project (€9M Horizon Europe initiative coordinated by SINTEF) exploring advanced LMFP battery materials for maritime applications. This is a 16-partner consortium including Volvo Trucks, Magna Steyr, and Verkor.
- H2NOR Project PartnerscoreH2NOR is a joint collaboration between Corvus Energy, Toyota, and other partners for the development of the Pelican Hydrogen Fuel Cell System. The project aims to develop and produce PEM fuel cell systems tailored to stringent maritime standards.
- APOLO Project ConsortiumminorCorvus Energy Fuel Cells participates in the APOLO project (coordinated by Tecnalia with H2SITE as technical lead) developing ammonia cracking membrane reactor technology for maritime decarbonization. Key partners include Johnson Matthey, Nuvera, LEC, Fertiberia, Bureau Veritas, and Corvus Energy Fuel Cells.
- BYD Energy Storage (MoU)flagship / coreMemorandum of Understanding signed December 2025 to establish strategic collaboration for next-generation maritime battery solutions. Partnership combines BYD's LFP battery technology and manufacturing scale with Corvus' marine ESS expertise and global market reach.
- Norwegian Maritime AI CentresupportingNorwegian government designated Norwegian Maritime AI Centre as a national research centre for applied AI in shipping, committing ~$10M over five years. Corvus Energy is one of the participating maritime companies alongside Kongsberg, Equinor, DNV, Vard, Ulstein, and Inmarsat.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Corvus Energy competitors and assessment
Company assessmentDirect peers
- Leclanché: Swiss-headquartered lithium-ion battery systems manufacturer focused on e-mobility and marine ESS. Direct competitor to Corvus in maritime battery storage, supplying ferry and hybrid vessel operators across Europe and North America.
- Shift Clean Energy: Canadian marine ESS specialist (formerly Corvus competitor under different brand). Direct peer in lithium-ion battery systems for ferries, workboats, and offshore vessels; comparable scale and customer segments to Corvus.
- EST-Floattech: Dutch marine battery systems specialist supplying LFP and NMC ESS for ferries, offshore vessels, and superyachts. Direct competitor with overlapping class society approvals and similar European customer base.
Broad incumbents
- Wärtsilä: Global marine systems integrator that is both a Corvus channel partner and a broader incumbent offering integrated hybrid propulsion, energy storage, and fuel cell systems. Competes in the same vessel electrification projects but as part of a wider portfolio including engines and lifecycle services.
- ABB Marine & Ports: Major marine systems integrator specifying Corvus ESS for hybrid and electric vessels while also developing its own Onboard DC Grid and energy storage offerings. Competes at the system-integration level for major newbuilds and retrofits.
- Saft (TotalEnergies): French battery manufacturer owned by TotalEnergies, producing lithium-ion ESS for marine, industrial, and grid applications. Directly competes in maritime battery storage with established class society approvals and broader industrial energy storage portfolio.
- Kongsberg Maritime: Norwegian maritime technology and system integrator that specifies Corvus ESS in vessel hybrid-electric packages. Competes at the integrated vessel systems level for hybrid and autonomous ship projects globally.
- Akasol (by BorgWarner): German high-performance battery systems manufacturer (now part of BorgWarner) serving marine, rail, and commercial vehicle markets. Competes in commercial marine applications with a broader industrial mobility portfolio.
- Rolls-Royce (mtu marine): Rolls-Royce's Power Systems division (mtu) supplies hybrid marine propulsion and energy management systems. Overlaps with Corvus in vessel electrification projects while offering broader engine and propulsion portfolio.
Emerging players
- FREYR Battery: Norwegian-headquartered battery cell and ESS developer (now T1 Energy) with maritime ambitions. Earlier-stage and more capital-constrained than Corvus, but a potential competitor for large-scale LFP marine battery deployments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Corvus Energy social profiles
Digital presenceCorvus Energy compliance and trust
Trust signalCompliance8 records
Corvus Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corvus Energy leadership team
Management profileNumber of profiles
Profiles10 records
Corvus Energy funding detail
Funding detailFunding overview
Funding rounds8 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corvus Energy M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Corvus Energy
What does Corvus Energy do?
Corvus Energy designs, manufactures, and supplies lithium-ion battery energy storage systems (Orca, Dolphin NxtGen, Blue Whale NxtGen) and PEM hydrogen fuel cell systems (Pelican) for maritime, offshore, subsea, and port applications, sold to shipowners, shipyards, and maritime system integrators. The portfolio is complemented by a cloud-based Vessel Information Portal for monitoring and a Life Cycle Service Program for recurring support, training, and spare parts.
Is Corvus Energy a public or private company?
Corvus Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Corvus Energy founded?
Corvus Energy was founded in 2009. It employs 251 to 500 people.
Where is Corvus Energy based?
Corvus Energy is headquartered in Bergen, Norway, in the Europe region.
How does Corvus Energy make money?
Three revenue lines are on record. Marine Energy Storage Systems (ESS) Hardware is the primary driver. The others are life Cycle Service Program & Digital Services and consultancy Services.
Who are Corvus Energy's main competitors?
Direct peers on record are Leclanché, Shift Clean Energy and EST-Floattech. Broad incumbents are Wärtsilä, ABB Marine & Ports, Saft (TotalEnergies), Kongsberg Maritime, Akasol (by BorgWarner) and Rolls-Royce (mtu marine). FREYR Battery is listed as an emerging player.
Does Corvus Energy have an API?
No public API is recorded for Corvus Energy.
What industry is Corvus Energy in?
Corvus Energy's product category is Maritime Energy Storage Systems. Its primary akta.pro industry code is IMAJAHAJ, Energy Storage Systems for Marine (Batteries, supercapacitors), with a secondary code of IMAJAJAB, Marine Power Generation & Energy Storage (Generators, Batteries, UPS). Its NAICS code is 3366 and its SIC code is 3600.