Malta provides industrial-grade, grid-scale Thermo-Electric Energy Storage solutions that enable long-duration energy storage from any power generation source, addressing the need for reliable energy supply amid increasing electricity demand. This technology offers a cost-effective alternative to fossil fuel plants, ensuring stability and flexibility in energy distribution while facilitating the integration of renewable resources.
Funding
$108.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing demand for electricity, coupled with the variability of renewable energy sources, creates a need for reliable and long-duration energy storage solutions. Traditional energy storage options often lack the scale, cost-effectiveness, or duration required to fully replace fossil fuel plants and stabilize the grid.
Solution
Malta provides grid-scale, long-duration Thermo-Electric Energy Storage (TEES) systems that decouple energy supply from demand. The TEES technology stores energy from any source, including renewables, for extended periods, enabling a consistent and dispatchable power supply. Malta's solution offers a cost-competitive alternative to traditional fossil fuel plants, providing grid stability, flexibility, and the ability to integrate a higher percentage of renewable energy sources. The system's design allows for terrain-independent deployment and scalability to meet diverse energy needs.
Target Audience
Malta's primary customers include electric utilities, transmission owners/operators, commercial and industrial electricity users, and industrial heat users seeking to enhance grid stability, integrate renewable energy sources, and reduce reliance on fossil fuels.
Features
- Grid-scale energy storage capacity (100-MW)
- Long-duration storage capabilities for extended power delivery
- Ability to integrate with any power generation source
- Provides rotational inertia for grid stabilization
- Cost-competitive with traditional fossil fuel plants
- Terrain-independent deployment
- Scalable design to meet varying energy demands
- Utilizes time-tested technology for safe and secure energy storage