Corvus Energy and BYD Energy Storage have signed a Strategic Cooperation Agreement (SCA) to accelerate the development of next-generation marine battery systems.
The agreement builds on a Memorandum of Understanding signed in December 2025 and formalises the next phase of cooperation between the two companies.
The partnership combines Corvus Energy’s expertise in marine battery integration with BYD Energy Storage’s large-scale battery cell production capabilities. The focus will be on developing low-cost, safe and reliable lithium iron phosphate (LFP) battery systems for demanding maritime applications.
The companies will collaborate on technology development, certification and large-scale deployment of high-rate marine battery systems for the global market.
According to Corvus Energy, the cooperation aims to reduce system costs while maintaining high safety and performance standards for the maritime sector.
Picture Caption: Picture from the signing ceremony for the strategic cooperation agreement held at the CIBF exhibition in Shenzhen Marintec China. Yin Xueqin, General Manager of BYD Energy Storage and New Application Battery Division; Jiang Yufeng, Director of the New Battery Product Line; and Dr. Lars Ole Valoen, Chief Technology Officer of Corvus Energy AS, witnessed the ceremony. Wang Hongbo, Deputy Principal of BYD Energy Storage New Battery Product Line, and Geir Holberg, Vice President of Procurement at Corvus Energy AS, signed the agreement on behalf of their respective companies.
