Powering the Future: Why Thermal Management Defines the Future of Electronics
Standard of Excellence: Engineering Is the New Sales—How Technical Collaboration Wins Business
SMT Perspectives & Prospects: Artificial Intelligence, Part 7—Data Module 2
Incap Inks Partnership Contract With Corvus Energy
November 15, 2018 | IncapEstimated reading time: 2 minutes
Incap has signed a manufacturing services partnership contract with Corvus Energy, the leading provider of the world's most advanced maritime energy storage systems. According to the contract, Incap will act as the preferred supplier manufacturing for the new product lines of Corvus.
The manufacture and assembly of the products will take place in Incap's factory in Kuressaare, Estonia. Incap has already made the pre-production series and finalized the design for manufacture in house, and launched the actual mass production. The partnership contract is of great importance to Incap, as it is estimated to bring additional revenue of over EUR 5 million annually. The cooperation with Corvus fits well with Incap's prevailing strategic focus on energy and industrial electronics.
Corvus Energy provides high power energy storage in the form of modular lithium ion battery systems. Its purpose-built, field-proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment, including large marine propulsion drives. Corvus Energy was established in Canada with its head office, sales, product R&D, design and engineering, and production facilities in Vancouver, Canada. The company also has operations in Norway with sales, service and marketing activities in Bergen. The company's investors include Equinor Technology Ventures and Norsk Hydro of Norway, and BW Group of Singapore.
As the leading manufacturer of energy storage systems for maritime applications, Corvus offers the innovative Orca energy storage systems (ESS) solutions portfolio and has unsurpassed experience from more than 140 projects, totaling over 100MWh and 2 million operating hours. The company's battery systems have low maintenance costs and they enable reduced fuel consumption and emissions. More than 90% of large commercial hybrid vessels utilize Corvus energy storage systems.
Otto Richard Pukk, president and CEO of Incap Corporation states that partnership with Corvus Energy has significant impact on the whole company, as it enables Incap to expand the business of electronics manufacturing services for maritime industries. "We are happy to contribute to the production of Energy Storage Systems for green innovative ferries, which are equipped with Corvus Energy's advanced electronics," Pukk explains.
Geir Bjørkeli, CEO of Corvus Energy: "As we are developing our production in Norway, we are happy to state that we have found a partner in Europe that can co-operate with us and offer high-quality solutions for markets near Scandinavia. This partnership has a really high value for us, as it enables us to develop further our state-of-the-art battery systems offering a variety of benefits to our customers."
About Incap Corporation
Incap Corporation is an international contract manufacturer. Incap's customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and Hong Kong, and the company currently employs approximately 720 people. Incap's share is listed on the Nasdaq Helsinki Ltd. as from 1997. For more information, click here.
Share on:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
From AI to AEP, an Impressive Array of Keynotes at APEX EXPO 2026
04/17/2026 | Marcy LaRont and Nolan Johnson, I-Connect007Each year at APEX EXPO, the Global Electronics Association provides an impressive lineup of keynote speakers to kick off the largest electronics manufacturing event in North America. This year included four keynote speeches, on topics ranging from the promise and peril of AI to the power of electronics, quantum computing, and the importance of heterogeneous integration in advanced electronics packaging.
AI, Connectivity, and Systems-Level Thinking: New Frontiers in Advanced Packaging
04/16/2026 | I-Connect007 Editorial TeamThe upcoming issue of Advanced Electronics Packaging Digest examines key developments shaping the next phase of electronics innovation, from the reliability challenges of AI-driven packaging to emerging connectivity standards and the broader systems-level implications of artificial intelligence.
RTX's Raytheon Completes First Flight Test for RAIVEN® Sensing System
04/15/2026 | RTXRaytheon, an RTX business, has successfully completed the first flight test of its RAIVEN® Staring system, an air-cooled sensor suite that delivers greater situational awareness and operator survivability, on a UH-60 Black Hawk helicopter.
HYFIX Raises $15M to Build U.S.-Made Chips for Next-Gen Drones and Robots
04/15/2026 | PRNewswireHYFIX Spatial Intelligence, Inc., a U.S.-based semiconductor company, announced a $15 million seed round to build and manufacture a new class of American-made chips designed to power high-precision drones and autonomous robots.
Carbice Awarded Multi-Million Dollar U.S. Navy Contract for Thermal Assembly Joint Technology
04/14/2026 | PRNewswireCarbice, a U.S.-based manufacturer and supplier of novel multifunctional assembly joint technologies, has been awarded a multi-million dollar contract by the U.S. Navy's Office of Naval Research.