Morgan Stanley Investment Management announced that its 1GT private climate equity strategy has led a $60 million Series E funding round for Corvus Energy, a company specializing in low-carbon energy storage systems for maritime vessels. The investment consortium also includes Just Climate and J. Lauritzen.
The group aims to provide growth capital, industry expertise, and strategic partnerships to support Corvus Energy’s expansion as it responds to increasing demand for clean and efficient maritime energy storage solutions.
Vikram Raju, Head of Climate Private Equity Investing at MSIM and leader of 1GT, said: “Corvus Energy is the global market leader for a reason –their battery systems have an unmatched history of maritime safety, innovation and commercial competitiveness. Maritime decarbonization is a core theme for 1GT and we are honored to support Corvus in this next phase of the Company’s compelling story.”
Corvus Energy was founded in 2009 and has been headquartered in Bergen, Norway since 2019. The company provides advanced battery technology and intelligent energy management systems for various types of vessels, such as ferries, offshore service ships, and cruise liners. These technologies help enable zero-emission or low-emission operations globally.
Fredrik Witte, Chief Executive of Corvus Energy, stated: “We are excited to welcome 1GT, Just Climate and J. Lauritzen as we strengthen our ability to meet surging global demand for zero-emission solutions in the maritime space. Their support affirms Corvus’s position as the market leader in maritime energy storage and provides the capital and strategic support we need to accelerate growth globally.”
Corvus Energy reports having more than 1,300 installations worldwide across Europe, North America, and Asia. Its installed base delivers over 1,300 megawatt-hours (MWh) of power to fleets globally.
According to Morgan Stanley Investment Management's website (https://www.morganstanley.com/im), the firm oversees more than $1.7 trillion in assets under management or supervision as of June 30, 2025. It employs over 1,400 investment professionals around the world who provide investment management services to governments, institutions, corporations and individuals.
Morgan Stanley Climate Private Equity manages the 1GT strategy focused on companies developing climate solutions with significant potential to reduce emissions in sectors such as power generation and mobility across North America and Europe.