How to store renewable energy
A vital part of Malta''s new energy storage solution is heat transfer technology supplied by Alfa Laval. As both an investor and a partner in the project, Alfa Laval lends more
A vital part of Malta's new energy storage solution is heat transfer technology supplied by Alfa Laval. As both an investor and a partner in the project, Alfa Laval lends more than expertise and financial backing.
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.
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 new energy storage solution has the potential to revolutionize the future of grid-scale energy storage. The system can draw electricity from the grid in times of plenty and store it for hours or days, waiting until a time of high demand before releasing the power back to the grid.
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