Malta Inc electro-thermal storage system could improve stability of power grids using renewables.

Alfa Laval Supports New Funding of U.S. Energy-Storage Startup Malta

U.S. startup Malta Inc., which is developing an electro-thermal energy-storage system, announced it has raised US$50 million in a Series B round of funding, with support from Swedish heat exchanger manufacturer Alfa Laval. For Malta, based in Cambridge, Massachusetts (U.S.), the funding “marks an important milestone” towards its first full-scale system, which is expected to be operating in…

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