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Corvus strengthens portfolio with Grenland acquisition

Mon, 02/18/2019 - 00:00 -- Hugh Finzel
Geir Bjørkeli (left) and Roman Stoiber, CEO at Grenland Energy

Corvus Energy Holdings has signed an agreement to acquire all shares in Norwegian maritime battery manufacturer Grenland Energy, to “offer extended and more specialised solutions and services”.

The acquisition will add “lightweight and subsea batteries” to Corvus’ existing portfolio of over 200MWh of “large-scale maritime energy storage systems”. Grenland’s current operations will continue without interruption.

“We knew that Grenland Energy had technology that would accelerate our long-term strategy by complementing and strengthening our product portfolio”, said Geir Bjørkeli, CEO of Corvus Energy. “The Grenland team will play a vital role in future R&D programmes within the Corvus family and help shape a hub for leading battery technology.”

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