Corvus Energy has raised US$60 million in growth capital from a group of international investors led by Morgan Stanley Investment Management, with participation from Just Climate and J. Lauritzen.
The Norwegian-Canadian company, a global leader in maritime energy storage systems (ESS), said the funding will accelerate production expansion, product innovation, and deployment of zero-emission solutions.
Founded in 2009, Corvus Energy has supplied ESS systems to more than half of the world’s zero-emission vessels, with over 1,300 installations and one million operating hours logged. Its technology has already helped prevent an estimated 11 million tonnes of CO₂ emissions.
CEO Fredrik Witte said the investment will strengthen Corvus’s position amid growing global demand for clean energy solutions. “This new capital and strategic support enable us to scale faster and help more shipowners transition to zero-emission operations,” he said.
Corvus operates across 15 global locations, including manufacturing sites in Norway, Canada, and the U.S. Its systems power several industry firsts, including the world’s largest fully-electric fast ferry and the first all-electric offshore vessel.
