MMalta Inc. provides grid-scale energy storage to turn variable renewable resources into reliable on-demand power. Its system stores energy and adds rotational inertia to the electricity grid, delivering up to 100 MW of capacity as needed. The technology uses readily available components and is designed to be terrain-independent, so it can be scaled to different locations. This makes it suitable for utilities and government projects seeking stable, cost-competitive storage to support a low-carbon energy mix. Malta differentiates itself through scalable, land-agnostic storage that also adds grid inertia, backed by partnerships with the German government and the DLR national laboratory to support a shift away from natural gas. The company aims to help the energy system move toward renewable sources by providing dependable storage solutions and collaborating with public partners to fund and deploy them.
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Industries
Company Size
501-1,000
Company Stage
Series B
Total Funding
$86M
Headquarters
Cambridge, MA
Founded
2018
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Total Funding
$86M
Meets
Industry Average
Funded Over
3 Rounds
Industry standards
Malta Inc., a cleantech company originally from X (formerly Google X), has announced a strategic alliance and investment with Kobe Steel. The partnership aims to strengthen industrial competitiveness and advance decarbonisation efforts. Malta develops advanced heat pumps and steam energy management and storage solutions based on its proprietary thermodynamic technology. The company's investor base includes Kobe Steel, Cox Energy, Breakthrough Energy Ventures, X (Alphabet), Siemens Energy Ventures, Alfa Laval, Proman, and Chevron Technology Ventures. The alliance with Kobe Steel marks a significant step in Malta's expansion of its cleantech solutions for industrial applications.
Malta has filed a notice with the US Securities and Exchange Commission for an exempt offering of securities, seeking to raise $23,991,500 in new funding. Federal securities law requires companies that have sold securities to file such notices with the SEC.
Malta Inc said that the primary objective is to develop a discharge power offtake power purchase agreement that supports the introduction of its energy storage technology.
Malta Inc., a leader in long-duration energy storage, today announced that it has closed on a round of financing provided by a group of investors incl
Malta Inc receives EUR 9 million grant to assess long-duration energy storage in Germany.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
501-1,000
Company Stage
Series B
Total Funding
$86M
Headquarters
Cambridge, MA
Founded
2018
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs