What is Malta?
Malta has engineered a groundbreaking solution to decarbonize the energy sector by offering a direct substitute for traditional fossil fuel power plants. Their proprietary long-duration energy storage technology captures electricity and stores it as thermal energy, capable of retaining power for durations ranging from eight hours to over eight days. This stored energy can then be dispatched to the grid to meet fluctuating demand, from hourly peaks to weekly requirements. Beyond grid-scale applications, Malta's system also generates clean heat, targeting industrial processes and district heating networks, thereby contributing to the reduction of CO2 emissions in sectors that are typically challenging to abate.
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 Alfa Laval, Concord New Energy Group, and Breakthrough Energy Ventures
Series B (2021): $50M led by Proman, Dustin Moskovitz, Breakthrough Energy Ventures, and Alfa Laval
Key Investors in Malta
Breakthrough Energy Ventures
Breakthrough Energy Ventures is a prominent investment firm backed by global business leaders, dedicated to funding cutting-edge companies that drive the transition to net-zero emissions. They focus on transformative clean energy innovations across various sectors, including electricity, manufacturing, and transportation.
Proman
Proman is a significant player in the energy sector, likely involved in the development and deployment of large-scale energy infrastructure projects. Their investment in Malta suggests a strategic interest in clean energy alternatives and advanced storage solutions.
Alfa Laval
Alfa Laval is a global leader in heat transfer, centrifugal separation, and fluid handling technologies. Their participation in Malta's funding rounds indicates a strategic alignment with companies developing advanced thermal energy solutions and energy storage.
What's next for Malta?
With a history of significant investment, including Series A and Series B rounds, Malta is positioned for substantial growth and market penetration. The company's focus on providing on-demand clean energy and thermal solutions addresses critical needs in the global transition towards net-zero emissions. Future strategic initiatives will likely involve scaling manufacturing capabilities, expanding project pipelines, and forging new partnerships to deploy its technology across diverse markets. The continued backing from prominent investors underscores the market's confidence in Malta's potential to revolutionize energy storage and industrial heat provision.
See full Malta company page
