Corvus Energy and BYD Energy Storage strengthen partnership with Strategic Cooperation Agreement to Advance Next\u2011Generation Maritime Battery Technology<\/p>\n
Shipping: Emission Possible<\/p>\n
Corvus Energy AS, the global leader in zero\u2011emission maritime energy solutions, and BYD Energy Storage, a global leader in the energy storage sector, today signed a Strategic Cooperation Agreement (SCA) that marks a major milestone in the companies\u2019 collaboration.<\/p>\n
The new agreement builds on a Memorandum of Understanding (MoU) signed in December 2025, which created a long\u2011term framework for cooperation on next\u2011generation marine battery technologies. The SCA formalizes the next phase of this partnership and sets the foundation for the co\u2011development of next generation marine battery solutions<\/p>\n
Advancing Maritime Battery Technology with Next\u2011Generation LFP<\/p>\n
With BYD Energy Storage as one of the world\u2019s largest battery cell manufacturers and Corvus Energy as the leading supplier of marine battery systems, the partnership brings together two global powerhouses to accelerate the maritime energy transition.<\/p>\n
Picture from the signing ceremony for the strategic cooperation agreement held at the CIBF exhibition in Shenzhen Marintec China. Yin Xueqin, General Manager of BYD Energy Storage and New Application Battery Division; Jiang Yufeng, Director of the New Battery Product Line; and Dr. Lars Ole Valoen, Chief Technology Officer of Corvus Energy AS, witnessed the ceremony. Wang Hongbo, Deputy Principal of BYD Energy Storage New Battery Product Line, and Geir Holberg, Vice President of Procurement at Corvus Energy AS, signed the agreement on behalf of their respective companies. Photo credit: BYD Energy Storage<\/p>\n
Under the SCA, Corvus Energy and BYD Energy Storage will combine Corvus\u2019 deep expertise in marine system integration with BYD Energy Storage\u2019s advanced cell technology to develop a low cost, safe and reliable battery system optimized for demanding marine environments.<\/p>\n
Fredrik Witte, CEO of Corvus Energy, said:<\/p>\n
\u201cThis agreement accelerates our ability to deliver highly competitive LFP solutions at scale. By pairing Corvus\u2019 deep maritime knowledge with BYD Energy Storage\u2019s world\u2011leading cell technology, we can reduce system cost significantly while maintaining the safety and performance standards this industry needs. No other marine battery supplier matches our safety record or our digital capabilities, which help customers maximize uptime, reduce maintenance, and improve return on investment.\u201d<\/p>\n
The two parties will work together in areas such as technological collaboration, resource sharing, and market expansion to jointly advance the R&D, certification, and large-scale deployment of high-rate lithium iron phosphate marine battery systems, and bring them to the global market.<\/p>\n
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