Malta’s grid-scale, long-duration energy storage system helps governments, utilities, and grid operators transition to low-cost, carbon free renewable energy while enhancing energy security. Storing electricity for eight hours to eight days or longer, the solution reduces CO 2 emissions and dependence on natural gas.
Christian Bruch, President and CEO of Siemens Energy, said, “ Malta’s innovative thermoelectric energy storage system offers a flexible, cost-effective and scalable solution for the storage of energy over long periods of time. With our support, Malta is well positioned to be the first company to commercialize such a solution globally.
CAMBRIDGE, Mass.-- (BUSINESS WIRE)--Malta Inc., a leader in long-duration energy storage, today announced that it has closed on a round of financing provided by a group of investors including Siemens Energy Ventures and Alfa Laval as well as existing shareholders Breakthrough Energy Ventures, Proman, Chevron Technology Ventures, and Piva Capital.
Malta’s system also achieves a power-to-power charge/discharge round-trip efficiency (RTE) of up to 60%, which is about 50% higher than other thermal storage systems without heat pump charging.
Our photovoltaic systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
Malta was founded to solve a key challenge of the energy transition: enabling reliable, affordable, and scalable long-duration energy storage.
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Swaminathan advices Malta Inc., a startup that could be key for achieving a stable electrical network powered by 100% renewable …
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Malta has developed a utility-scale long-duration energy storage solution powered by steam-based heat pump technology. Using proven subsystems, a locally sourced supply …
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Swaminathan advices Malta Inc., a startup that could be key for achieving a stable electrical network powered by 100% renewable energy.
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Malta’s utility-scale, long-duration energy storage system uses steam-based heat pump technology to deliver dispatchable, cost-effective energy.
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Malta’s grid-scale, long-duration energy storage system helps governments, utilities, and grid operators transition to low-cost, carbon free renewable energy while …
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Malta’s grid-scale, long-duration energy storage system helps governments, utilities, and grid operators transition to low-cost, carbon …
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