Malta Closes Funding to Deploy Its Long-Duration Energy Storage System
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 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 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.
- Alfa Laval is contributing with its innovative heat exchanger technology that will be vital to enable commercially viable long-duration energy storage, fundamental for the decarbonization of the renewable energy sector.
- Alfa Laval is proud to continue and further strengthen our collaboration with Malta and our partners to accelerate the energy solutions required to reach net zero.”