How does energy storage work in Malta?

Malta’s innovative long-duration energy storage technology stores electricity as thermal energy from eight hours to eight days or longer, later returning it to the grid to meet hourly, daily, and weekly needs.

Is Malta the first company to commercialize a thermoelectric energy storage system?

Christian Bruch, President and CEO of Siemens Energy, said, “ Malta’s innovative thermoelectric energy storage system offers a flexible, cost-effective and scalable solution for the storage of energy over long periods of time. With our support, Malta is well positioned to be the first company to commercialize such a solution globally.

Who invested in Malta energy?

CAMBRIDGE, Mass.-- ( BUSINESS WIRE )--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 including Siemens Energy Ventures and Alfa Laval as well as existing shareholders Breakthrough Energy Ventures, Proman, Chevron Technology Ventures, and Piva Capital.

How secure is Malta's energy supply?

The security of Malta’s energy supply is a key area of focus for us. Being a small island, Malta has a small electricity supply system and only a single electricity supplier (Enemalta plc) and depends heavily on imported energy sources. Malta also has no natural gas pipeline interconnection with neighbouring countries.

How has Malta changed its energy mix?

In recent years, Malta has transformed its energy mix used for electricity generation from one based on heavy fuel oil and gasoil to a more sustainable combination of natural gas, electricity imports via the Malta-Italy subsea connection, and increased use of renewable energy sources.

Could bio-methane be a key factor in Malta's future power sector?

Hydrogen technology and bio-methane could also play an important part in Malta’s future power sector depending on international developments of these two clean fuels.