What is Malta?
Malta operates at the intersection of grid infrastructure and decarbonization, providing a scalable alternative to conventional power generation. By utilizing thermal energy storage, the company enables the capture of electricity for durations ranging from eight hours to several days, effectively addressing the volatility inherent in renewable energy sources. Beyond grid-level electricity storage, Malta’s technology provides high-grade heat for industrial and district heating applications, offering a comprehensive solution for sectors that have historically proven difficult to abate. The company’s system is engineered to integrate seamlessly into existing energy markets, positioning it as a critical player in the global transition to net-zero emissions.
How much funding has Malta raised?
Malta has raised a total of $76M across 2 funding rounds:
Series A
$26M
Series B
$50M
Series A (2018): $26M with participation from Concord New Energy Group, Alfa Laval, and Breakthrough Energy Ventures
Series B (2021): $50M led by Dustin Moskovitz, Proman, Breakthrough Energy Ventures, and Alfa Laval
Key Investors in Malta
Breakthrough Energy Ventures
A mission-driven venture capital firm backed by global business leaders, focused on investing in companies that significantly reduce emissions across agriculture, buildings, electricity, and manufacturing.
Alfa Laval
A global leader in heat transfer, centrifugal separation, and fluid handling, providing critical engineering expertise to support industrial energy efficiency.
Proman
A leading global producer of methanol and fertilizer, with a strategic interest in sustainable energy solutions and the decarbonization of industrial processes.
What's next for Malta?
With the support of major institutional backers and strategic partners, Malta is poised to accelerate the deployment of its thermal storage systems. The current funding context suggests a shift toward large-scale infrastructure projects and the expansion of manufacturing capabilities to meet industrial demand. As the company moves beyond the development phase, the focus will likely center on optimizing system efficiency and establishing long-term supply chain partnerships to facilitate the widespread adoption of its technology. By providing a reliable, on-demand clean energy source, Malta is well-positioned to influence the future of grid stability and industrial decarbonization on a global scale.
See full Malta company page
