Corvus Energy and BYD Energy Storage have signed a Strategic Cooperation Agreement to co-develop next-generation LFP maritime battery systems. The partnership combines BYD’s world-leading cell technology with Corvus’ integration expertise to deliver high-safety, low-cost energy storage for the global fleet.
Bergen and Shenzhen | May 13, 2026 – The maritime energy transition has moved into a high-capacity new phase. Corvus Energy, the undisputed global leader in zero-emission maritime solutions, and BYD Energy Storage, a titan in the global battery sector, have officially signed a Strategic Cooperation Agreement (SCA) to co-develop and deploy next-generation maritime battery technology.
The agreement, signed at the CIBF exhibition in Shenzhen, formalizes a partnership that began with a Memorandum of Understanding in December 2025. This SCA moves beyond theory into the large-scale industrialization of high-rate Lithium Iron Phosphate (LFP) systems specifically optimized for the rigors of the sea.
The Power of Two: Integrating Marine Expertise with Cell Dominance
The partnership creates a formidable “closed-loop” ecosystem. Corvus Energy brings its peerless record of 1,350+ maritime projects and deep system integration knowledge, while BYD Energy Storage provides the raw power of one of the world’s largest battery cell manufacturing engines.
By focusing on LFP technology, the partners are targeting the “sweet spot” of the maritime market: high safety, long cycle life, and, most importantly, a significantly lower cost-per-kilowatt-hour compared to traditional chemistries.
Leadership Perspective
Fredrik Witte, CEO of Corvus Energy, highlighted that the deal is a game-changer for vessel owners’ return on investment “This agreement accelerates our ability to deliver highly competitive LFP solutions at scale. By pairing Corvus’ deep maritime knowledge with BYD’s world-leading cell technology, we can reduce system cost significantly while maintaining the safety and performance standards this industry needs. No other supplier matches our safety record or digital capabilities that maximize uptime for our customers.”
A Global Roadmap for Deployment
The SCA outlines a comprehensive framework for collaboration that spans the entire value chain:
- Joint R&D: Focused on high-rate LFP systems that can handle the rapid charging and discharging required by ferries, tugs, and offshore vessels.
- Resource Sharing: Leveraging BYD’s massive supply chain and Corvus’ global service and support network.
- Market Expansion: Accelerating the certification and large-scale deployment of battery systems across Europe, Asia-Pacific, and the Americas.
The partnership aims to meet the increasing demand for electric and hybrid vessels driven by global decarbonization targets and stricter port emissions regulations.
Strategic Alignment and Ceremony
The signing ceremony was a high-level affair, witnessed by:
- Yin Xueqin, General Manager of BYD Energy Storage.
- Dr. Lars Ole Valoen, Chief Technology Officer of Corvus Energy.
- Jiang Yufeng, Director of the New Battery Product Line at BYD.
The deal document was signed by Wang Hongbo of BYD Energy Storage and Geir Holberg Vice President of Procurement, Corvus Energy, signaling that the supply chain and procurement strategies are already in lockstep.
Technology Comparison: Why LFP for Maritime?
| Feature | Benefit to Shipowners |
| Lower Cost | Reduces the CAPEX barrier for vessel electrification. |
| High Safety Profile | LFP is inherently more stable, reducing thermal runaway risks. |
| High Cycle Life | Delivers better long-term value for high-utilization vessels like ferries. |
| Digital Integration | Corvus’ software optimizes battery health to extend lifespan and uptime. |
About the Partners
BYD Energy Storage
A division of the global EV giant BYD, the company has specialized in energy storage since 2008. They manage a full-industry-chain from energy acquisition to application. In the marine sector, BYD leverages its expertise in high-safety LFP cells to support the global decarbonization of shipping.
Corvus Energy
Headquartered in Bergen, Norway, Corvus Energy is the world’s leading provider of zero-emission solutions for maritime, offshore, and port applications. Powering more than 50% of the world’s zero-emission vessels, Corvus offers a portfolio of modular lithium-ion batteries and hydrogen-based PEM fuel cells.
Source: Corvus Energy