About Corvus Energy
Corvus Energy is an Energy & Utilities company based in Richmond (Canada) founded in 2009, and was acquired by Norsk Hydro in November 2017. Developer of energy storage systems (ESS) based on lithium NMC technology. It operates in the Energy & Utilities and Transportation, Automotive & Logistics sectors. Corvus Energy has raised $84.75 million across 10 funding rounds from investors including Morgan Stanley, Equinor and BW Group. Corvus Energy has completed 1 acquisition, including Grenland Energy. Its chief executive, as recorded, is Mette Rokne Hanestad. Its website corvusenergy.com draws about 16 thousand monthly visits. Corvus Energy offers products and services including Corvus Orca ESS, Corvus Blue Whale ESS, Corvus Dolphin NxtGen ESS, and Corvus Pelican Fuel Cell System. Its focus areas include Aerospace, Maritime and Defense Tech, Maritime Tech, Marine Electronics and Energy Storage Systems.
Company details
Corvus Energy was founded in 2009 in Richmond, Canada, within the energy storage sector. Lithium NMC technology is utilized to develop energy storage systems for industrial, commercial, and high-power applications. Solutions are provided for hybrid and electric commercial vessels, where hybridization or full electrification with these systems results in reduced fuel use, improved operational efficiency, and lower greenhouse gas emissions. Operations focus on maritime and heavy-duty equipment.
- Headquarters Richmond, Canada
- Stage Acquired
- SectorsEnergy & UtilitiesTransportation, Automotive & Logistics
- Website category Business and Consumer Services · Shipping and Logistics
- Website corvusenergy.com
- Social LinkedIn Facebook Instagram
- Acquired by Norsk Hydro (Nov 2017)
- Total Equity Funding$84.75M (USD)
in 10 rounds
- Latest Funding Round$60M (USD), Series C
Oct 2025
- InvestorsMorgan Stanley
& 10 more
- Investments & Acquisitions
- Acquired byNorsk Hydro
(Nov 2017)
Products & Services of Corvus Energy
Corvus Energy offers a comprehensive portfolio of products and services, including Corvus Orca ESS, Corvus Blue Whale ESS, Corvus Dolphin NxtGen ESS, and Corvus Pelican Fuel Cell System.
Provides zero-emission operations for maritime vessels
Offers advanced energy storage for larger maritime applications
Delivers high-performance solutions for marine power needs
Supports hydrogen-based zero-emission maritime operations
Funding Insights of Corvus Energy
Corvus Energy has successfully raised a total of $84.75M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $84.75M
- Total Rounds 10
- Last Round Series C — $60M
- Investors Count 11
All 10 funding rounds of Corvus Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $60M | Series C | – | Morgan Stanley | |
| Jan 2024 | Series B | – | Woven Capital | ||
| May 2020 | $743,890 | Grant | – | – | |
| Dec 2019 | $120,074 | Grant | – | – | |
| Aug 2019 | $20M | Series B | – | Shell Ventures | – |
| Jun 2017 | $4.9M | Debt – Conventional | – | – | |
| Apr 2017 | Series A | – | – | – | |
| Sep 2016 | $469,500 | Grant | – | – | |
| Nov 2015 | $4.75M | Series A | – | Equinor | – |
| Jun 2013 | Series A | – | BW Group | – |
11 investors in total: 11 institutional.
Investors in Corvus Energy
Corvus Energy has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Morgan Stanley, Equinor and BW Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global funding is provided to growth-stage mobility ventures. | woven.vc | Chuo, Japan | ||
Venture capital firm backed by Shell | shell.com/energy-and-innovation/innovating-together/shell-technology-ventures.html | The Hague, Netherlands | ||
Offshore transportation of crude oil and natural gas is managed. | 1955 | bw-group.com | Oslo, Norway | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Aluminium exploration services are provided by Norsk Hydro globally. | 1905 | hydro.com | Oslo, Norway | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
SME loans are provided to support business exports. | 1944 | edc.ca | Ottawa, Canada | |
Canadian space agency focused on social and economic benefits | 1989 | asc-csa.gc.ca | Longueuil, Canada | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Invests in climate solutions through equity and finance for emission reductions. | 2004 | justclimate.com | London, United Kingdom |
Investor details for Corvus Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Corvus Energy
45 people are tracked at Corvus Energy (16 in leadership, 8 in board & advisors, 21 in team).
| Name | Role | Group |
|---|---|---|
Mette Rokne Hanestad | Interim CEO | Leadership |
Fredrik Witte | CEO | Leadership |
Magnus Lindén | Evp & Chief Operating Officer | Leadership |
Isaac Tang | Senior Vice President Of Product Development | Leadership |
Tor-Gunnar Hovig | Executive Vice President, Americas | Leadership |
Kristian Eikeland Holmefjord | EVP & Project Director - Fuel Cells | Leadership |
Philip Baynton | Director, Customer Projects Americas & Global PM Lead | Leadership |
Mia Sydnes Lampe | Vice President Finance | Leadership |
Shell Zhong | VP Financial Reporting | Leadership |
Aron Rader | Vice President Sales Americas | Leadership |
Sonja Vernøy Hansen | VP Marketing & Communication | Leadership |
Koen Boerdijk | Vice President Sales Benelux | Leadership |
Roger Rosvold | Senior Vice President Sales | Leadership |
David Lokhorst | VP Battery Management Systems, Modeling, Analytics | Leadership |
Avi Feinberg | (head Of) Global Capital Projects | Leadership |
Erik Larsen | Vice President Of Sales | Leadership |
Svenn Kjetil Haveland | Director | Board & advisors |
Erik Strømsø | Director | Board & advisors |
Mariella Deltcheva | Director | Board & advisors |
Kjersti Reinsnos | Director | Board & advisors |
25 more people are available in the full profile.
Complete people profiles for Corvus Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Corvus Energy
Corvus Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Grenland Energy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Lithium storage systems are manufactured for maritime and offshore uses. | grenlandenergy.com | Skien, Norway | 2012 | Feb 2019 | •••• |
Complete acquisition details for Corvus Energy
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Corvus Energy
5 dated milestones of Corvus Energy across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Corvus Energy is founded.
- Funding First funding round.
- Exit Acquired by Norsk Hydro.
- Acquisition Acquires Grenland Energy.
- Funding Latest funding round, Series C, of $60.0M.
Web traffic of Corvus Energy
The website of Corvus Energy (corvusenergy.com) receives about 16.5K visits a month and ranks #1,764,387 among all websites worldwide, #7,265 in Shipping and Logistics.
- Monthly visits16.5K
▲ 31.5% vs previous month
- Unique visitors5.3K
per month
- Global rank#1,764,387
among all websites
- Category rank#7,265
Business and Consumer Services · Shipping and Logistics
- Bounce rate34%
- Pages per visit2.2
- Average visit51 sec
- DevicesDesktop 28% · Mobile 72%
Websites whose visitors overlap most with Corvus Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vard.com | 100% | 41.7K | #594,011 | View details | |
| eidesvik.no | 99% | 7.2K | #2,502,890 | View details | |
| idtechex.com | 36% | 94.9K | #421,745 | View details |
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Frequently Asked Questions about Corvus Energy
Corvus Energy was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Corvus Energy is headquartered in Richmond, Canada. It is registered at Richmond, British Columbia, Canada.
Mette Rokne Hanestad is the CEO of Corvus Energy, as recorded in our data.
Corvus Energy is a funded company, having raised a total of $84.75M across 10 funding rounds to date.
Corvus Energy was founded in 2009 in Richmond, Canada, within the energy storage sector. Lithium NMC technology is utilized to develop energy storage systems for industrial, commercial, and high-power applications. Solutions are provided for hybrid and electric commercial vessels, where hybridization or full electrification with these systems results in reduced fuel use, improved operational efficiency, and lower greenhouse gas emissions. Operations focus on maritime and heavy-duty equipment.
Corvus Energy offers Corvus Orca ESS, Corvus Blue Whale ESS, Corvus Dolphin NxtGen ESS, and Corvus Pelican Fuel Cell System.
Corvus Energy has made 1 acquisition, including Grenland Energy.
Corvus Energy has 11 investors. Key investors include Morgan Stanley, Equinor, BW Group, Norsk Hydro, and European Union.
Yes. Corvus Energy was acquired by Norsk Hydro in November 2017.