Norway, Nov. 19 -- Hydro has finalized the sale of its entire ownership in the maritime battery company Corvus Energy for USD 30 million.The transaction includes all of Hydro's current shares in Corvus Energy. Following and as a result of the transaction, Hydro will no longer hold any stake in Corvus Energy.Hydro has been a shareholder in Corvus Energy since 2017.The sale aligns with Hydro's strategic priorities and portfolio optimization efforts, where a decision to no longer prioritize batteries as a core growth area was communicated at the company's Capital Markets Day 2024.
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