Shell acquires stake in Corvus to support maritime battery technology
The British-Dutch oil and gas company said that the investment is part of its plan to cut the carbon footprint of energy products by nearly 20% by 2035 and almost 50% by 2050. Corvus Energy offers ESS for maritime, offshore, subsea and port applications. Its line-up of lithium-ion battery ESSs is central to the propulsion and power management systems of over half of the battery-hybrid and zero-emission vessels across the globe. So far, Corvus Energy has supplied ESSs for more than 30 offshore support vessels, subsea applications and solutions for regenerative energy solutions. “We look forward to working with Shell to power a clean future and support Shell’s determination to make their operations more sustainable.” Corvus Energy intends to use proceeds to expand its operational and technological prowess globally, as well as strengthen its technological leadership within maritime energy storage.