Malta Inc. Grant of 9 million Euros

Malta Inc, a world leader in Long Duration Energy Storage (LDES), announces that its German subsidiary has received a grant of 9 million euros to support the energy transition in Germany.

Share:

Malta inc.

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 $*

then 199 $/year

*renews at 199$/year, cancel anytime before renewal.

Malta Inc. recently announced that its German subsidiary, Malta Hochtemperatur Wärmepumpen Stromspeicher GmbH, in partnership with the German Aerospace Center (DLR), Alfa Laval and Siemens Energy, has been awarded a €9 million grant from the German Federal Ministry of Economics and Climate Protection (BMWK). The grant is intended to support Germany’s efforts to meet the climate objectives of the Paris Agreement and become carbon neutral by 2045.

Objective of the German Energy Transition

Germany’ s aim is to electrify its heating sector and ensure that renewable energy production is continuously available. This grant will fund a techno-economic analysis of the potential of Malta’s LDES technology to help decarbonize both electricity and heat production in Germany. In addition, it will support the expansion of DLR’s state-of-the-art molten salt thermal energy storage test facility (TESIS) to validate an innovative heat exchanger built by Alfa Laval.

Commitment of Malta Inc. and its Partners

Ramya Swaminathan, CEO of Malta Inc. said, “We are honored to collaborate with the German government and its leading national laboratory, DLR, to explore how Malta’s technology can accelerate the transition away from natural gas. This important work will identify the best way to meet Germany’s decarbonization goals, create jobs in German turbomachinery manufacturing and achieve a just transition by creating clean energy construction and operations jobs for the country’s existing energy workforce.”
Sigmund Brielmaier, head of LDES at Siemens Energy, says: “In addition to being the turbomachinery supplier for Malta’s technology, we are looking forward to contributing our expertise to this project that enables the energy transition. LDES is essential for decarbonizing the energy system, and this project offers an excellent opportunity to explore new application paths for decarbonized cogeneration.”

Participation of DLR and Alfa Laval

Tom Erixon, President and CEO of Alfa Laval, says: “Energy storage plays a key role in the transition to renewable energy sources. Alfa Laval is proud to be part of this important project, ready to propel the implementation of the solution to new heights. Our pioneering and highly efficient heat exchanger technology, adapted to Malta’s energy storage process, will work under real operational conditions. This is an important step on the road to long-term competitive energy storage and the transformation of the European energy market towards a more sustainable future.”

CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.
EdgeConneX has acquired a second site in the Osaka region, bringing its total capacity to 350MW to support the growth of the Cloud and AI market in Japan.
Driven by grid flexibility demand and utility investments, the global containerized BESS market will grow at an annual rate of 20.9% through 2030.
The American battery materials manufacturer, Group14, finalizes a $463 million fundraising round and acquires full ownership of its South Korean joint venture from conglomerate SK Inc.
Energy Plug Technologies partnered with GGVentures to deliver three energy storage systems to the U.S. construction sector, marking its first commercial breakthrough in this strategic market.
HD Renewable Energy has completed the connection of its Helios storage system to the Hokkaido grid. The 50 MW project is expected to enter commercial operation by the end of 2025, targeting multiple segments of the Japanese electricity market.
Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.
Copenhagen Infrastructure Partners has acquired from EDF power solutions North America the Beehive project, a 1 gigawatt-hour battery storage facility located in Arizona.
Developer Acen Australia has submitted a battery storage project to the federal government, targeting 440MW/1,760MWh in a region near solar and mining infrastructure in Queensland.
Google invests in Italy’s Energy Dome to deploy in Oman a long-duration CO₂-based storage solution, in partnership with Takhzeen Oman and the sovereign wealth fund Oman Investment Authority.
Zeo Energy has completed the acquisition of Heliogen, creating a new division dedicated to long-duration energy generation and storage for commercial and industrial markets.
Entech will deliver a 20 MWh battery storage system in Loire-Atlantique under an agreement that includes a twenty-year maintenance contract.
Portland General Electric inaugurates three new battery energy storage sites, strengthening available capacity in the Portland metropolitan area by 475 MW and supporting growing demand while stabilising costs.
Tesla retains the top position in the global battery storage market, but Sungrow moves within one point, revealing intensifying rivalries and a rapid reshaping of regional dynamics in 2024.
Lyten announces an agreement to acquire most of Northvolt's assets in Sweden and Germany, bringing new industrial prospects to the energy storage sector in Europe.
Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.
Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.
GoldenPeaks Capital strengthens its position on the Polish energy storage market with the acquisition of two battery systems, totalling 54 MW, secured by seventeen-year capacity contracts.
Adapture Renewables announces the commissioning of two battery energy storage systems in Texas, totalling 74 MWh in capacity, with technological support from Ascend Analytics for operational optimisation.
SolarMax Technology has signed a key contract to deliver a 430 MWh battery energy storage system in Texas, strengthening its presence in the large-scale US energy solutions market.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: $99 for the 1styear year, then $ 199/year.