Funding to help expand product portfolio and global presence
NEW YORK – October 9, 2025
Morgan Stanley Investment Management (MSIM) announced today that the 1GT private climate equity strategy (1GT) led a growth capital fundraise for Corvus Energy (Company), a leading provider of low-carbon Energy Storage Systems (ESS) solutions suitable for a wide range of fully electric and hybrid-powered vessels. 1GT led an investor consortium that includes Just Climate and J. Lauritzen.
The investor consortium brings dedicated growth capital, expertise across the maritime sector and strategic partnerships to accelerate Corvus Energy’s expansion as the Company directly addresses the rapidly growing demand for clean, efficient and high-performing maritime energy storage solutions.
“Corvus Energy is the global market leader for a reason –their battery systems have an unmatched history of maritime safety, innovation and commercial competitiveness,” said Vikram Raju, MSIM’s Head of Climate Private Equity Investing and 1GT. “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.”
Founded in 2009 and headquartered in Bergen, Norway since 2019, Corvus Energy is a global leader in low-carbon maritime ESS. These advanced solutions power a wide range of vessels – from ferries and offshore service vessels to cruise liners – delivering cleaner operations in demanding maritime environments. By combining advanced battery technology with intelligent energy management systems, Corvus Energy may enable vessels globally to achieve zero-emission and low-emission operations.
“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,” said Fredrik Witte, Chief Executive of Corvus Energy. “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 maintains one of the world’s largest installed bases of maritime energy storage systems, with more than 1,300 installations across Europe, North America and Asia, delivering over 1,300 MWh of clean, reliable power to a global fleet.
About Corvus Energy
Headquartered in Bergen, Norway, Corvus Energy is the leading supplier of zero-emission solutions for maritime, offshore and port applications. Corvus Energy offers a full portfolio of energy storage and fuel cell systems, suitable for almost every vessel type, providing power systems in the form of modular lithium-ion battery systems and Hydrogen PEM fuel cell systems. Corvus Energy has unsurpassed experience from more than 1300 projects. More than 50% of the world`s vessels with zero-emission technology are equipped with Corvus systems.
About Morgan Stanley Climate Private Equity
Morgan Stanley Climate Private Equity manages 1GT, a strategy that invests in growth companies delivering innovative climate solutions that meaningfully decarbonize the global economy. The strategy is focused on scaling opportunities in the Power, Mobility, Food & Agriculture, and Circularity themes across North America and Europe, with an emphasis on driving significant organic growth by leveraging the global breadth of Morgan Stanley capabilities.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.7 trillion in assets under management or supervision as of June 30, 2025. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit https://www.morganstanley.com/im
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
Morgan Stanley Private Equity Solutions team provides investors access to broadly diversified and thematic multi-manager portfolios, co-investments, impact investing strategies and custom solutions.
FINRA BrokerCheck. Investors may check the background of their Investment Professional by contacting the Financial IndustryRegulatory Authority (FINRA). FINRA BrokerCheck is a free tool to help investors check the professional background of current andformer FINRA-registered securities firms and brokers. FINRA BrokerCheck is available by calling 1-800-289-9999 and at www.FINRA.org. The FINRA BrokerCheck brochure describing this program is available to investors at www.FINRA.org.
To report a website vulnerability, please go to Responsible Disclosure.
Eaton Vance, Atlanta Capital, Parametric and Calvert are part of Morgan Stanley Investment Management. Morgan Stanley Investment Management is the asset management division of Morgan Stanley.
MSIM, the asset management division of Morgan Stanley (NYSE: MS), and its affiliates have arrangements in place to market each other’s products and services. Each MSIM affiliate is regulated as appropriate in the jurisdiction it operates. MSIM’s affiliates are: Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd, Calvert Research and Management, Eaton Vance Management, Parametric Portfolio Associates LLC, and Atlanta Capital Management LLC.
For USA PATRIOT Act Disclosure Notice please click here.
This image indicates content designed specifically for Financial Advisors / Investment Professionals. This material is not to be used with the public.
Before investing in any Eaton Vance, Calvert or Morgan Stanley Investment Management Inc.-advised fund, prospective investors should consider carefully the investment objective(s), risks, and charges and expenses. Read the prospectus carefully before you invest or send money. For open-end mutual funds, the current prospectus contains this and other information. To obtain an open-end mutual fund prospectus or summary prospectus and the most recent annual and semiannual shareholder reports, contact your financial advisor or download a copy here. For closed-end funds, you should contact your financial advisor. To obtain the most recent annual and semi-annual shareholder report for a closed-end fund contact your financial advisor or download a copy here. To obtain an exchange-traded fund, ("ETF") prospectus or summary prospectus, contact your financial advisor or download a copy here.
Before purchasing any variable product, consider the objectives, risks, charges, and expenses associated with the underlying investment option(s) and those of the product itself. For a prospectus containing this and other information, contact your investment or insurance professional. Read the prospectus carefully before investing.
See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.
Morgan Stanley Investment Management does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision. The information on this Web page is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities in any jurisdiction to any person to whom it is not lawful to make such an offer.
© Eaton Vance Management. All rights reserved.
Morgan Stanley Distribution, Inc. serves as the distributor for Morgan Stanley Funds. Morgan Stanley Distribution, Inc. Member FINRA / SIPC. Eaton Vance open-end mutual funds are offered through Eaton Vance Distributors, Inc. One Post Office Square, Boston, MA 02109. Member FINRA/SIPC. Exchange-traded funds are distributed by Foreside Fund Services, LLC.
NOT FDIC INSURED | OFFER NO BANK GUARANTEE | MAY LOSE VALUE | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT A DEPOSIT