Malta, specialists in long-term electro-thermal energy storage solutions, and Schmid Pekintas Gunes Enerji Sistemleri San.
ve.
Tic.
A.S., a major player in the solar energy sector, have signed a Memorandum of Understanding (MoU) to integrate advanced storage technologies into several solar projects.
This initiative aims to develop hybrid solar project models in Turkey, the USA and Europe, to achieve a combined storage capacity of 1GW over the next five years.
Partnership objectives and scope
The agreement focuses on the co-development and construction of long-term energy storage solutions in colocation with Schmid Pekintas’ solar projects, pre-licensed for a capacity of 540MW in Turkey.
The collaboration will also extend to the USA, notably California, New Mexico and Texas, as well as to Southern Europe.
The aim is to provide stable, reliable green energy 24 hours a day, and to enhance grid stability through essential reliability services such as synchronous inertia.
Assessments and Projections
The two companies will evaluate the implementation of storage solutions in new and existing solar projects, targeting a deployment capacity of 200 to 500MW.
This approach aims to create a scalable and cost-effective model for co-located solar and energy storage projects, guaranteeing a continuous and reliable energy supply while supporting the global energy transition.
Views from the top
Phil Delleville, COO/Managing Director of Malta Inc, says that this partnership with Schmid Pekintas enables them to leverage their storage technology to enhance solar projects in various regions. Together, they aim to provide a reliable and sustainable energy infrastructure to accelerate the energy transition. Özhan Olcay, CEO and President of Schmid Pekintas, adds that this collaboration represents an important step towards transforming the renewable energy landscape in Turkey and beyond. By combining Schmid Pekintas’ expertise in solar module manufacturing and project development with the innovative storage solutions from Maltareliable and sustainable energy solutions will be provided on a global scale.
Technologies and Innovations
Malta Inc. stands out for its long-life energy storage technologies, offering flexible, cost-effective solutions for converting variable renewable energy into reliable, on-demand electricity.
Malta’s thermal storage products provide essential grid reliability services, effectively replacing gas and coal-fired power plants at utility scale.
Schmid Pekintas, with its strong presence in solar panel manufacturing and project development, brings its expertise to optimize synergies between storage solutions and solar projects.
This collaboration promises to introduce significant innovations and enhance renewable energy infrastructures.
This strategic partnership between Malta Inc.
and Schmid Pekintas is an important milestone towards the optimization of hybrid solar energy storage projects.
By combining their respective expertise, the two companies are committed to promoting innovation and supporting the transition to a greener, more sustainable energy future.
This collaboration promises to boost solar energy storage capacity, improve power grid reliability and help reduce carbon emissions worldwide.
