Morgan Stanley Investment Management (MSIM) has announced its 1GT private climate equity strategy (1GT) has taken the lead in a growth capital fundraising initiative aimed at supporting Corvus Energy, a leading provider of low-carbon Energy Storage Systems (ESS). These systems are specifically designed for a diverse range of vessels, including fully electric and hybrid-powered options, thereby establishing Corvus Energy as a crucial player in the maritime energy sector.
As part of the 1GT strategy, MSIM has formed an investor consortium that includes several influential partners, such as Just Climate and J. Lauritzen. This strategic collaboration not only injects essential growth capital into Corvus Energy but also brings together extensive industry expertise and resources. Such a partnership is vital for nurturing Corvus Energy’s growth trajectory and enabling it to better capitalize on emerging opportunities within the maritime energy market.
The collective efforts of this consortium are particularly important given the rapidly increasing global demand for innovative, clean, efficient, and high-performing maritime energy storage solutions. As the world shifts toward sustainability, the maritime sector faces mounting pressure to adopt technologies that reduce environmental impact and enhance operational efficiency.
Founded in 2009, Corvus Energy has its headquarters in Bergen, Norway, where it has operated since 2019. Over the years, the company has positioned itself as a global leader in the design and deployment of low-carbon maritime ESS. Its state-of-the-art energy storage solutions serve a variety of vessels, which include not just ferries and offshore service vessels, but also majestic cruise liners. These advanced systems are crucial for improving operational efficiency and facilitating cleaner practices in an industry often challenged by demanding environmental regulations.
Corvus Energy’s innovation lies in its ability to combine cutting-edge battery technology with sophisticated energy management systems. This integration empowers vessels around the globe to achieve low-emission and zero-emission operational capabilities. Such technological progress not only promotes environmental sustainability but also ensures that Corvus Energy remains at the forefront of the ongoing transition toward cleaner energy solutions in the maritime industry.
As it stands, Corvus Energy features one of the largest installed bases of maritime energy storage systems in the world. With more than 1,300 installations spread across key markets in Europe, North America, and Asia, the company provides over 1,300 MWh of clean and reliable power. This extensive portfolio equips a diverse global fleet with the energy solutions necessary to meet both current demands and future challenges in the maritime sector.
KEY QUOTES:
“Corvus Energy is the global market leader for a reason –their battery systems have an unmatched history of maritime safety, innovation and commercial competitiveness. Maritime decarbonization is a core theme for 1GT and we are honored to support Corvus in this next phase of the Company’s compelling story.”
Vikram Raju, MSIM’s Head of Climate Private Equity Investing and 1GT
“We are excited to welcome 1GT, Just Climate and J. Lauritzen as we strengthen our ability to meet surging global demand for zero-emission solutions in the maritime space. Their support affirms Corvus’s position as the market leader in maritime energy storage and provides the capital and strategic support we need to accelerate growth globally.”
Fredrik Witte, Chief Executive of Corvus Energy
