Latest Issue
 
Windtech International September October 2024 issue

 

FOLLOW US AT

follow

 

follow


Malta Inc has announced it has raised $50 million in a Series B round of funding. The financing was led by integrated energy group Proman with participation from new investor Dustin Moskovitz and existing investors Alfa Laval and Breakthrough Energy Ventures.
 
The Malta Pumped Heat Energy Storage (PHES) system leverages thermodynamic systems in an energy storage application. The PHES system converts electricity from any source, either directly from a generation facility or from the grid, to be stored as thermal energy. The Malta system is able to store up to 200 hours of energy storage, though early systems will focus on current market applications in need of 10- to 12-hour durations. In addition to dispatchable renewable energy,
 
Malta’s PHES technology generates heat for industrial and district heat applications. Malta is a developer of grid-scale long-duration thermal energy storage solutions. Incubated at X, the Moonshot Factory (formerly Google [X]), Malta is based in Cambridge, Massachusetts.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.