BusinessWire reports that Chevron Technology Ventures and Piva Capital have financially backed Malta.
- Long duration energy storage startup Malta has now received $60 million in funding from Chevron Technology Ventures, Piva Capital, Breakthrough Energy Ventures, Proman, Alfa Laval, and Facebook co-founder Dustin Moskovitz.
- Malta’s innovative approach to long duration storage converts electricity from any source to be stored as thermal energy, storing up to 200 hours worth of energy for daily or weekly load cycles.
- Innovative startups and free markets are producing the technologies needed to deploy more clean energy and reduce emissions.
Read the full article here.