Corvus Energy has been awarded CAD 469,000 in non-repayable funding from the Government of Canada to continue its research and development for progressing lithium-ion based battery systems and next generation of Energy Storage Systems (ESS).
The funding has come from the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP), which helps small and medium sized enterprises in Canada to development and commercialise their technologies to spread innovation throughout the country.
The capital investment will be put towards developing Corvus’ latest line, the Orca ESS, which is specifically designed for hybrid and all-electric maritime applications to meet a range of range of requirements. The Orca line includes the Orca Energy, which is particularly suitable for applications that require large amounts of energy such as ferries and merchant vessels, while Orca Power was designed for applications that require a seamless response to dynamic power loads such as offshore supply vessels and port equipment.
Orca ESS solutions are designed to scale for applications of all sizes, up to and beyond 10MWh, at a lower total cost of ownership. According to Corvus, Orca solutions should expect total installed costs to be reduced by up to 50%.
Andrew Morden, President & CEO of Corvus Energy Inc. commented: “NRC-IRAP’s support is enabling us to accelerate the development and global marketing of our industry leading energy storage systems. The amount of innovation our team has packed into Orca, our next generation product line, has garnered attention from customers around the globe. We are extremely grateful for the continued support from the Government of Canada and the National Research Council.”
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