Malta Closes Funding to Deploy Its Long-Duration
Malta, Inc. has developed a like-for-like replacement for today''s fossil fuel-fired plants that delivers affordable, reliable, on-demand
Malta, Inc. has developed a like-for-like replacement for today''s fossil fuel-fired plants that delivers affordable, reliable, on-demand
Malta''s utility-scale, long-duration energy storage system uses steam-based heat pump technology to deliver dispatchable, cost-effective energy.
It will be based on a technology that Malta Inc. claims can enable cost-effective energy storage for applications requiring anything
Q: Malta''s solution lies in thermo-electric energy storage. Why is this system so innovative, and what are its main keys? A: It combines well-established thermodynamic principles with modern
The technology is a grid-scale, long-duration energy storage system designed to help governments, utilities, and grid operators transition to low-cost renewable energy while
With help from Modelon, Malta is using advanced simulation technologies to design, validate and bring to market what could be the world''s most robust energy storage system.
Malta, Inc. has developed a like-for-like replacement for today''s fossil fuel-fired plants that delivers affordable, reliable, on-demand clean energy.
"We''re basically trying to catch sunlight in a cardboard box," said Dr. Elena Marquez, Malta Project''s lead engineer, at the 2025 Global Energy Storage Summit. "Our solution? Turn
It will be based on a technology that Malta Inc. claims can enable cost-effective energy storage for applications requiring anything from 8-hour to 200-hour (or about eight-day)
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
Q: Malta''s solution lies in thermo-electric energy storage. Why is this system so innovative, and what are its main keys? A: It combines well
Using proven subsystems, a locally sourced supply chain, and abundantly available materials like salt, the system delivers economical, clean energy with a flexible power and heat delivery mix
The technology, which converts electricity into heat and stores the energy in molten salt, can enable cost-effective energy storage for applications requiring up to 200-hour
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Q: Malta’s solution lies in thermo-electric energy storage. Why is this system so innovative, and what are its main keys? A: It combines well-established thermodynamic principles with modern technological advancements to create a cost-effective, scalable, and efficient energy storage solution.
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.
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.
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.