Cambridge, United States
Malta Inc, founded in 2018, is setting transformative benchmarks in the Energy and Renewable Energy industries. Headquartered in the United States, the company is advancing how we store energy with its revolutionary thermo-electric energy storage system. Under the slogan, "Transforming the Future of Energy Storage", Malta utilizes the Steam Energy Management and Storage (SEMS) to bank thermal energy in molten salt, which can be converted back into power or heat on demand. This approach effectively addresses long-duration energy storage needs ranging from eight hours to multiple days at grid scale.
Their recent $21.61M Venture Round investment on 29 November 2023 underscores investor confidence, brought in by major players like Breakthrough Energy Ventures, Chevron Technology Ventures, Alfa Laval, Proman, Piva Capital, and Siemens Energy Ventures. Malta Inc.’s advanced technology positions it as a key player in redefining energy storage solutions globally.
