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Oil producer pumps cash into ESSs for offshore vessels

Thu, 11/12/2015 - 15:09 -- Paul Crompton
Oil producer pumps cash into ESSs for offshore vessels

Canadian-based lithium-ion energy storage system (ESS) developer Corvus Energy has won investment from the largest oil producer on the Norwegian continental shelf.

Gas and oil producer Statoil has agreed to pump cash into Corvus, which specialises in advanced lithium-ion ESSs for maritime hybrid and fully electric propulsion systems.

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