Pumped heat energy storage company Malta Inc. and New Brunswick, Canada, based NB Power are in the early stages to advance a 1,000 MWh long-duration energy storage facilities in the province. While still in the planning and development stage, the facility is targeted to be in service in 2024.
The plant also would produce heat as a byproduct that can be used in a number of commercial, industrial, and district energy operations.
Malta’s technology is a Pumped Heat Energy Storage (PHES) system. Its approach uses thermodynamic systems to provide long-duration, large-scale energy storage by converting electricity from any source to be stored as thermal energy.
Around 80% of the NB Power’s generation mix is considered to be non-emitting.
Launched at X, the Moonshot Factory (formerly Google [X]), Malta is backed by energy industry leaders Alfal Laval, Proman, and Chevron Technology Ventures, as well as investors Breakthrough Energy Ventures and Piva Capital. Malta is based in Cambridge, Massachusetts.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.