BYD Energy Storage, a subsidiary of BYD, has signed a memorandum of understanding with Corvus Energy, a leading provider of marine energy storage systems (ESS). The agreement establishes a framework for collaboration to develop advanced battery solutions specifically designed for ships and offshore applications.
The partnership combines BYD's large-scale production capacity and expertise in lithium iron phosphate (LFP) battery technology with Corvus Energy's specialized knowledge in maritime energy storage systems and extensive experience in vessel installations worldwide.
"This MoU represents a significant step forward in our ambition to remain the market leader in high-quality marine battery systems," said Ole Jacob Irgens, head of EMEA and Asia at Corvus Energy. "By combining Corvus' deep maritime understanding and extensive experience in marine battery installations with BYD Energy Storage's scalability, innovation in LFP technology, and strong global supply chain, we are well positioned to bring new products to market faster and meet the evolving needs of the shipping industry."
BYD already has operational experience in the shipping sector, having built and deployed a fleet of eight pure car and truck carriers (PCTCs) in recent years to support its global vehicle export operations.
The collaboration comes as the maritime industry accelerates efforts to reduce emissions and adopt cleaner propulsion technologies. Battery-electric and hybrid vessel solutions are gaining traction, particularly for ferries, offshore support vessels, and short-sea shipping routes.
Other major automotive manufacturers are also entering the marine energy space. Hyundai Motor recently signed an agreement with HD Korea Shipbuilding & Offshore Engineering and Pusan National University to develop hydrogen fuel-cell systems for ships. Toyota has similarly advanced fuel-cell technology suitable for maritime use.
The partnership between BYD Energy Storage and Corvus Energy is expected to accelerate the development and deployment of high-performance, safe, and cost-effective energy storage solutions tailored to the demanding requirements of marine environments. The initiative supports the broader industry transition toward sustainable shipping and strengthens the availability of advanced battery systems for vessel operators worldwide.
