Morgan Stanley Investment Management's 1GT leads MUSD 60 million Series E in Corvus Energy
Together with Gibson Dunn as lead counsel, we are pleased to have assisted Morgan Stanley Investment Management's 1GT fund in their role as lead investor in the MUSD 60 series E equity issue in Corvus Energy. 1GT led an investor consortium that includes Just Climate and J. Lauritzen.
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Headquartered in Bergen, Corvus Energy is the leading supplier of zero-emission battery 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 1,300 projects. More than 50% of the world's vessels with zero-emission technology are equipped with Corvus' systems.
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.
The core transaction team comprised of Magnus Øie, Alexander Bernhard Wintervold and Ole Henrik Wille.
The transaction was announced on 9 October 2025 and is subject to completion.