Corvus Energy Inc secures financing to grow international business

Corvus Energy Inc secures financing to grow international business

Export Development Canada (EDC) has announced the closing of a CAD $6.5M contract financing credit facility for Richmond, BC-based Corvus Energy Inc. Corvus designs, develops and manufactures energy storage systems (ESS) and lithium-ion battery solutions for hybrid and electric marine applications to help reduce fuel consumption and emissions. The financing will allow Corvus to fulfill various export contracts, primarily for hybrid ferries in Europe. "The electrification of the maritime industry in Europe is accelerating and the award-winning Orca ESS from Corvus Energy is facilitating that transition", says Andrew Morden, President and CEO of Corvus Energy. "This credit facility will allow Corvus to aggressively ramp up production to meet the growing demand for our technology which now leads the industry in project wins." One of EDC's priorities is to support the global g...

Full article: http://www.electricvehiclesresearch.com/articles/11257/co...

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