OSLO, Sept 15 (Reuters) - Marine battery maker Corvus plans
an initial public offer (IPO) in the fourth quarter, aiming to
list its shares on the Oslo Stock Exchange, its top executive
said on Wednesday.
The company, which assembles battery cells into giant
batteries for ships such as ferries, cruise vessels and tug
boats, expects the global market for such solutions to be worth
$10 billion in 2030.
"We see that already ... the backlog is three times what it
was a year ago," Chief Executive Geir Bjoerkeli told an energy
conference.
"To take that growth, the company has planned for an IPO on
the main list on the Oslo stock exchange for the Q4 this year,"
he added.
The company's biggest owner is BW Group with 21.8%, while
Norsk Hydro has 20.8%, Equinor 15.6% and
Shell 14.5%.
(Reporting by Victoria Klesty, editing by Terje Solsvik)