ESS leasing reduces investment barrier
The global lease financing product has been launched as traditional equipment-secured bank financing may not always be available and often requires a large upfront equity commitment.
“We are pleased to offer our customers a leasing solution tailor-made to fit the operating cashflow of their business,” said Halvard Hauso, CCO of Corvus Energy.
“In almost all vessel segments, leasing can be a new business model for both containerized ESS solutions as well as ESSs in dedicated battery rooms,” Hauso continues. “We believe this new offering will accelerate the shift towards zero-emission solutions on both retrofits and newbuilds.”
Multiple benefits
The leasing product, launched in cooperation with Norwegian leasing company Viridis Kapital, has several advantages, said Hauso.
No upfront capital investment and competitive rates lead to a financially efficient solution. The write down of equipment in line with loss of equipment value. There is improved liquidity as the equipment acquisition cost is distributed over the period of use/earnings. Users have full rights of use. Equipment use generate income and savings – not the ownership. Users can maximise operating capital, with a better ratio on balance sheets and higher tax reduction.
In January, Corvus Energy launched the Corvus BOB, a containerised battery room solution for maximum flexibility in Battery-On-Board (BOB) vessel applications. The pre-approved battery room simplifies integration into any system integrator’s power management system onboard a ship.
