BYD Energy Storage and the Norwegian Corvus Energy have signed a strategic cooperation agreement. Their goal is to develop and promote the use of lithium iron phosphate (LFP) battery systems for maritime applications. The agreement was signed at the 18th China International Battery Fair in Shenzhen.
According to the companies, the agreement aims to advance the research, development, certification, and market launch of their joint battery systems. Specifically, they will focus on high-performance LFP systems for use on ships. The partners plan to combine BYD’s cell technology with Corvus Energy’s maritime energy storage system expertise.
Corvus Energy states that the new agreement follows a December 2025 memorandum of understanding that established a long-term framework for collaboration on maritime battery technologies. The recently signed agreement formalizes the next phase of this cooperation.
Corvus Energy is headquartered in Bergen, Norway. Founded in Canada in 2009, the company develops energy storage systems for maritime, offshore, and port applications. The company reports that more than 1,350 projects have been implemented across various maritime segments. Additionally, Corvus Energy systems are reportedly used by more than 50 percent of ships equipped with zero-emission technology.
