NEWS COMMENTARY

Corvus Energy expands production capabilities to Canada as part of $16 million investment

Published:
April 08, 2020
Services:
Government & Non-Profit More...
Priorities:
Evolution of the Power Grid More...
Activities:
Investment More...
Average importance

The investment in the Richmond BC facility includes expanded production of its 20 MWh to 50 MWh battery pack, Blue Whale. Corvus Energy expects to begin shipping its products from the Richmond plant in 2021. Canada's National Research Council contributed to the investment to drive R&D efforts. Corvus was recently selected by Westcon Power & Automation to supply 1,500 kWh battery packs for a new hybrid vessel. The Canadian facility signals the company's intention to target North American markets, but electrification efforts in marine vessels have historically been driven by policy centered in Europe. Clients should be aware that North America lacks the same policy incentives, but the move gives Corvus a first-mover advantage.

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