Malta Inc is a provider of industrial-grade, grid-scale energy storage solutions. The company's innovative market strategies and robust engineering talent are making a difference in the deployment of industrial-scale power generation systems. Malta's system is built upon well-established principles in thermodynamics, storing energy as heat and cold. The company was incubated at X, Alphabet’s Moonshot Factory, and has received significant investment from leading venture capital and commercial power industry companies.

Malta Inc

Malta Iberia

Malta has developed a thermal energy storage system that can collect and store energy from any source (i.e. wind, solar, etc.), in any location, and for long durations, and dispatch it as electricity, on demand, for 8 hours to 8+ days.

Alfa Laval

Concord New Energy Group

Breakthrough Energy Ventures

Piva Capital

Proman

Chevron Technology Ventures

Dustin Moskovitz

Siemens Energy Ventures

Want to learn more about Malta's zero-emissions, long-duration energy storage solution? Watch our new video!

https://lnkd.in/e6XPeqgz


The U.S. West is moving aggressively toward #decarbonization but is facing extraordinary planning and #reliability challenges now and in the future. Malta has published a new paper on how #synchronous, scalable #LDES can meet the challenge. 

Read it here: https://lnkd.in/epcFBBBR

Abstract

In this paper, we examine the common set of challenges curated across integrated resource plans among a wide range of planning processes in the Western states. These challenges include: extreme climate change-induced weather events; retiring coal and gas facilities as early as possible; higher known and policy-driven electric load forecasts; new resource deployment risks; long lead times of new transmission investments; and volatility and uncertainty of market purchases of energy. These challenges and questions are not exclusive to the U.S. West, as all regions face them in some form, but the Interdependencies of the entities in the Western Interconnection merited its own examination. In future papers, a similar type of examination could be conducted for other regions, taking into account the region’s specific context. Nonetheless, in understanding these challenges, it has helped frame the discussion on potential solutions, which clearly points to the need and potential of long-duration energy storage (LDES) technologies. Pumped Heat Energy Storage (PHES) stands out as one of the LDES options for its scalability, low technical risk, and ability to stabilize the grid. To realize these LDES solutions, this paper concludes with key recommendations for Western entities to: issue LDES-specific solicitations; include LDES in IRP modeling and planning; and develop procurement mechanisms seeking specific LDES attributes. 

As highlighted by European Commission President Ursula von der Leyen in her State of the European Union speech on 13 September, Europe’s wind power industry is facing many challenges – from the pace of new installations to competition from outside the EU. We need to support our European wind industry, which is critical to our green transition and sovereignty.

As part of the European Wind Power Package, the European Investment Bank (EIB)  today announced that we shall provide up to EUR 5 billion in risk sharing guarantees to banks willing to increase their exposure to the sector. We estimate this could unlock up to EUR 80 billion in final investment over the period 2023-27, contributing to the goals of REpowerEU. This comes on top of our direct lending to the sector (EUR 8 billion in last five years).

Thank you to the colleagues in European Investment Bank (EIB) who have made this possible in record time: María Serrano Hernández, Birthe Bruhn-Léon, CFA, Christine Garburg, Timo Kiiha, Steven de Gruyter, Pilar Solano, Anna Fusari,  Felicitas Riedl Laura Piovesan and thank you to the colleagues of the European Commission for their invaluable help and flexibility, Miguel Gil Tertre, Giorgio Casoni, Sayla Valtonen. Special thanks also to my colleague Giovanni Inglisa in the development of this new approach.

We shall sign the first agreements with our banking partners in the coming weeks, for the guarantees to be available without delay.

Learn more 

https://lnkd.in/e3mEC6JJ

Register now to hear Eren Engur discuss the #collaboration between Malta Inc and Siemens Energy at the Siemens Energy Office, Building 13, Al Sidr Quarter A, COP28 Green Zone. 

Tuesday, 12 December 2023, 3 PM GST in the Green Zone

Register here: https://lnkd.in/eDiUfJUm

#COP28UAE 

COM:MALTAINC

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