(Singapore, 14.05.2026)On 13 May, Corvus Energy and BYD Energy Storage have signed a Strategic Cooperation Agreement to expand collaboration on next-generation battery systems for the maritime sector.
The agreement follows a Memorandum of Understanding reached in December 2025 and formalises the next phase of cooperation between the two companies, focusing on the development and deployment of marine battery technologies.
Under the framework, the companies plan to combine Corvus Energy’s experience in marine system integration with BYD Energy Storage’s lithium iron phosphate (LFP) battery technology. The collaboration is expected to focus on improving system safety, performance, and cost efficiency in applications such as electric and hybrid vessels.
The two parties also indicated that cooperation may extend to areas including joint research and development, certification processes, and scaling production for global markets.
In a statement, Fredrik Witte, Chief Executive Officer of Corvus Energy, said the agreement would support the delivery of battery systems designed for demanding maritime environments, where reliability and safety remain key considerations.
Headquartered in Bergen, Norway, Corvus Energy develops energy storage and fuel cell systems for maritime, offshore, and port applications. The company has delivered battery systems for a range of vessel types, including passenger ferries and offshore vessels.
BYD Energy Storage, established in 2008, focuses on the development and application of energy storage systems across utility, industrial, and transportation sectors. In recent years, it has expanded its presence in marine applications, particularly in battery solutions for electric vessels.
The partnership comes as the maritime industry faces increasing regulatory and commercial pressure to reduce emissions. Battery and hybrid propulsion systems are seen as key technologies in supporting the sector’s transition toward lower-carbon operations.
