Corvus Gains Support from WINN Initiative

Maritime Activity Reports, Inc.

October 20, 2014

Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy Storage System.

The Corvus Energy system provides industrial scale energy storage to enable customers to power or hybridize fully electric heavy equipment. Designed for use in extreme environmental conditions, the Corvus lithium battery is also built to perform at an industrial scale. Used in vessels ranging from oil platform supply vessels to passenger ferries, the Corvus system enables fuel consumption, maintenance and emission reductions, the company said.

Andrew Morden, CEO and President of Corvus Energy stated, “This WINN funding will take Corvus to the next phase in its evolution. This project will accelerate the development of our energy storage technology and in turn allow us to drive industry adoption and further market acceptance.”

Corvus’ lithium energy storage is primarily designed for marine applications, but it is also a solution for variety of fully electric and hybrid heavy equipment. It provides the consistent power and reliability to support the performance attributes of fully electric and diesel-electric machinery of all types. Corvus claims to have the largest number of heavy industrial energy storage systems deployed today in the marine sector worldwide.

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