ESS manufacturer Corvus Energy and Sumitomo Corporation have established a Tokyo-based joint venture (JV) agreement to conduct the marketing, sales and after-service for Corvus Energy’s battery and fuel cell systems in the Asian market
A new company, Sumisho Corvus Energy, jointly owned by both companies and headquartered in Tokyo will sell Corvus Energy’s energy storage systems (ESS) and provide technical support after delivery. The new company will carry out sales activities for Japanese coastal and oceangoing vessels, leveraging the customer network of Sumitomo Corporation cultivated through its vessel owning and trading business.
“We are delighted to partner with Sumitomo Corporation. Sumitomo Corporation is one of the world’s largest traders of goods and services across many sectors,” said Corvus Energy chief executive Geir Bjørkeli.
“The future of shipping is zero emissions of CO2, NOx, SOx and particulates, dramatically reducing environmental impact. Japan is an important market for Corvus Energy and a big part of our future growth strategy,” said Mr Bjørkeli. “Japan has already announced ambitious plans to become carbon neutral by 2050, and Sumitomo will be a valuable partner bringing zero-emissions solutions to the Asian market.”
Sumitomo Corporation and Corvus Energy have been conducting market research and sales expansion activities for maritime ESS in Japan and Asia since 2019. The joint venture will be effective from April 2021.
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