November 7th 2024, BERGEN — Corvus Energy, the leading supplier of zero- emission solutions for the maritime industry is proud to announce that, as of this week, Corvus Energy battery systems have cumulatively helped their customers reduce 10 million tons* of CO2 since the first installation in 2013.
With shipping accounting for nearly 3% of global greenhouse gas emissions, reducing the industry’s carbon footprint has become one of the most pressing challenges in the fight against climate change.
Transforming the Maritime Industry
Over the past decade, Corvus Energy has worked closely with integrators, shipowners, operators, and industry stakeholders to implement its innovative battery systems across a wide range of vessels globally. These include many different vessel types from ferries and cruise ships to offshore vessels, workboats and cargo vessels. By integrating battery power with hybrid or fully electric propulsion, Corvus Energy has been able to significantly cut fuel consumption and reduce the environmental impact of maritime transport.
The company’s milestone of cutting 10 million tons of CO2, underscores the scale at which these battery solutions are making a difference. For context, the average car in Europe emits about 1.6 metric tons of CO2 annually. This means that the 10 million tons of CO2 reduced, is equivalent to removing more 6 million cars off the roads for a year.
A Commitment to Innovation and Sustainability
“Reaching the 10-million-tons CO2 reduction mark is an extraordinary achievement for us,” says Fredrik Witte, CEO of Corvus Energy. “Helping our customers to cut significant amounts of emissions through our pioneering technology makes us very proud. The future of shipping lies in sustainability. Through our work, we have proven that marine battery energy storage is key in the marine energy transition. By continuing to innovate and scale our zero-emission solutions, we aim to help the shipping industry achieve its environmental targets while supporting the broader goal of a sustainable, carbon-neutral global economy.”
The company’s marine battery systems utilize the latest advancements in lithium-ion battery technologies offering increased energy density, lower weight and increased safety as well as unique digital offerings. In addition, Corvus Energy also supply hydrogen fuel cells built on technology from world leader Toyota. The systems are designed to work in conjunction with existing propulsion systems, allowing vessels to reduce reliance on heavy fuel oil (HFO) and liquefied natural gas (LNG), which are both major sources of CO2 emissions in the maritime sector.
Helps Shipowners save operational costs
By enabling vessels to operate more efficiently and reduce fuel consumption, the battery systems also help shipping companies cut operational costs. With global regulations tightening around emissions, especially in the wake of the International Maritime Organization’s (IMO) Greenhouse Gas Strategy, the demand for cleaner, more sustainable shipping solutions has never been higher.
Industry Recognition and Future Goals
Corvus Energy’s innovation has not gone unnoticed. The company has garnered recognition from leading environmental organizations, maritime industry experts, and governmental agencies for its role in helping to pave the way toward a greener shipping industry. Corvus has also received several prestigious awards for its contributions to environmental sustainability
Looking ahead, Corvus Energy will continue to expand its impact by rolling out its safe, scalable and reliable battery systems along with other zero emission technologies to more ships worldwide.
*Source. Estimation of CO2 reduction is based on data from IMO 4th GHG study, DNV and Corvus Operational data.
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About Corvus Energy
Corvus Energy is the leading supplier of energy storage systems (ESS) for maritime, offshore and port applications. Corvus Energy offers a full portfolio of energy storage and fuel cell systems, suitable for almost every vessel type, providing power systems in the form of modular lithium-ion battery systems and Hydrogen PEM fuel cell systems. Corvus Energy has unsurpassed experience from more than 1,200 projects. More than 50% of the world`s vessels with zero-emission technology are equipped with Corvus Energy systems.
For more information, please visit corvusenergy.com
Marketing & Media Contacts
Corvus Energy – Europe and Asia
Sonja Vernoy Hansen
VP Marketing & Communications
+47 99 309 309
Corvus Energy – Americas
Angela McClellan
Marketing Manager, Americas