Financials

Estimates*

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Revenues, earnings & profits over time
CAD20182019202020212022
Revenues37.3m63.1m83.1m82.1m100m
% growth-69 %32 %(1 %)22 %
Profit(7.2m)(22.4m)(6.2m)(19.1m)(17.0m)
% profit margin(19 %)(35 %)(7 %)(23 %)(17 %)
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DateInvestorsAmountRound
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N/A

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$6.0m

Grant

NOK280k

Grant

NOK50.0m

Grant

NOK11.0m

Grant
*

N/A

Growth Equity VC
Total Funding€12.7m

Recent News about Corvus Energy

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More about Corvus Energyinfo icon
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Corvus Energy is a pioneering company in the maritime industry, specializing in the development and implementation of advanced battery technology for ships. Their primary goal is to reduce emissions and achieve zero emissions by 2050. They serve a broad range of clients in the maritime industry, including shipping companies and tugboat operators.

Their business model revolves around the research, development, and installation of Energy Storage Systems (ESS) on ships. These systems, which include the Corvus Orca, Dolphin, Moray, and Blue Whale, are designed to be high-performing, safe, reliable, and cost-effective. They use advanced lithium power technology to provide clean energy solutions for ships.

Corvus Energy is also working with Toyota to develop large-scale, maritime-certified hydrogen fuel cell systems, which will further enhance their clean energy offerings.

The company makes money by selling their ESS solutions to maritime companies and providing ongoing support and maintenance services. They also generate revenue through their partnerships, like the one with Toyota.

Corvus Energy's commitment to innovation and sustainability has led to several notable achievements, including powering the first tugboat to receive ABS Underwater Noise Notation for ultra-quiet operations and supplying energy storage systems for a fleet of 100% electric tugs.

Keywords: Maritime Industry, Battery Technology, Emissions Reduction, Energy Storage Systems, Hydrogen Fuel Cells, Clean Energy, Sustainability, Innovation, Toyota Partnership, Electric Tugs.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.