Vancouver, BC. – September 7, 2017: Corvus Energy is pleased to announce that it has been selected by Norwegian maritime electronics firm Elmarin AS as the supplier of lithium ion based energy storage systems (ESS) for three new hybrid fishing vessels. The Orca Energy ESS from Corvus will supply electrical power to the fishing vessels’ propulsion systems and electrical networks to enable environmentally-friendly and lower cost operations. Each fishing vessel will be equipped with an ESS, with capacity of approximately 250kWh, which will be utilized during many aspects of the fishing vessel operations. The vessels are expected to be delivered in mid-2018. “This project is a good example of how the marine industry is quickly moving towards hybrid power for more cost effective and environmentally friendly operations”, says Halvard Hauso, SVP Business Development of Corvus Energy. Adding, “the Orca ESS product line was designed to meet the needs of a wide range of vessels. The adoption by fishing vessels is a great validation of this.” “In these projects, we had the privilege to work closely with an enthusiastic ship owner who really wanted to make a difference, and together with several other competent partners we designed a complete solution for the vessels that meets all the requirements for this application,” said Lars Eide, head of electric propulsion systems at Elmarin AS. Adding, “the battery system is a very important factor to the whole solution. Thanks to financial support from Enova, the projects will now be realized and we believe they will be a trend setter for this market. For Elmarin, a relatively new player in this market segment, the well proven solutions from Corvus and the competent team located here in Norway made Corvus a safe and reliable choice for us and we are looking forward to working with the Corvus team in the near future.” As the leading manufacturer of energy storage systems for maritime applications, Corvus continues to lead the industry with 90+ installations utilizing a Corvus ESS, now totaling over 50MWh and 1.5 million operating hours. About Corvus Energy Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose-built, field-proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine propulsion drives. For more information, please visit www.corvusenergy.com.