Corvus Energy partners with LG Chem for new batteryCompany News // March 30, 2016
Corvus Energy has announced a multi-year agreement with LG Chem Ltd under which LG Chem, a leading manufacturer of lithium-ion batteries, will be a key supplier of lithium-ion 'pouch' cells for Corvus’ next generation maritime energy storage systems (ESS).
The agreement provides Corvus with the latest technology from the producer of cells for both transportation and grid applications. As such, LG Chem has significant expertise in the development of safe, high energy, compact and lightweight lithium-ion pouch cells, ideal for the maritime solutions designed and built by Corvus.
The marine market is a strategic priority for LG Chem so they have chosen a long-term partnership with Corvus Energy, the market leader in marine energy storage technology.
“We are excited to provide to our customers a step change in cost-per-kWh for purpose-built high quality maritime ESS solutions,” said Andrew Morden, CEO of Corvus Energy.
“LG Chem is very focused on success in the rapidly growing marine market and we know that success takes not only cost-effective energy storage components and deep customer relationships, but also application-specific engineering to ensure the energy storage is designed for a smooth integration, long-term durability and safe operation aboard a ship," said Chris H Cha, Team Leader Marine TFT, ESS Marine & Offshore Applications, LG Chem. “Through its large reference list and leadership in marine ESS innovation and safety, Corvus has demonstrated it is the correct partner.”