Corvus Energy, the Canadian energy storage systems developer, partnered up with Kitron; for the manufacturing of the company’s battery management control systems. According to the statement released this Friday, the value of the contract is around the USD$ 11 billion, or $100 million NOK.
Firstly, Kitron is a leading Scandinavian electronics manufacturing services company; specialized in the Connectivity, Electrification, Industry, Medical devices and Defense and Aerospace sectors. It is central-based in Norway, but has offices in Sweden, Lithuania, Germany, Poland, China, as well as the United states.
Secondly, Corvus and Kitron will be leveraging both of their expertise and experience in the field for the development of a top-notch technology battery systems. In fact, production of them will take place at Kitron’s facility in Arendal, Norway. Production will happen in 2021 and 2022.
In addition to the manufacturing itself, the contract also contemplates the assistance towards Corvus Energy’s product redesign.
On the other hand, Corvus Energy is the leading supplier of battery systems for marine, oil and gas and port applications. Its battery systems, purpose-built and field proven, provide sustained power to hybrid and all-electric heavy industrial equipment; including large marine propulsion drives.
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Kitron, strategic partner for Corvus Energy
Moreover, Nils Valland, Senior Vice President Supply Chain at Corvus Energy, said. “With our expansive growth and also the worldwide increasing interest in zero emission technology, it is important for us to have long term strategic and trusted suppliers. We are very pleased to sign this contract with Kitron; they are a highly capable and strong sourcing partner for Corvus.”
In the same way, Peter Nilsson, President and CEO of Kitron, sated. “We’re excited to be able to support Corvus Energy; also, in its push to transform the maritime industry to an emission-free future powered by batteries and fuel cells.”
He also remarked. “This fits perfectly with Kitron’s strategy of pursuing growth opportunities within electrification; a megatrend that has just started and will also fundamentally alter much of the technology we use for transportation and machinery.”
Finally, Corvus recently announced plans to start development and production of maritime hydrogen fuel cell systems with Toyota as a partner and supplier of mass-produced fuel cell technology; which will further expand the company’s solutions.