Malta Inc. announced that its German subsidiary was awarded a grant to support a €9M effort to accelerate the German energy transition. Malta Hochtemperatur Wärmepumpen Stromspeicher GmbH, Deutsches Zentrum für Luft- und Raumfahrt (DLR), Alfa Laval, and Siemens Energy were awarded funding by the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) to support Germany’s efforts to achieve Paris Agreement climate targets and to be climate-neutral by 2045.
The grant will fund a technoeconomic analysis of the potential for Malta’s LDES technology to help decarbonize both electricity and heat generation in Germany.
Malta’s innovative pumped-thermal energy storage (PTES) plant generates 100-MW of clean power and 70-MW of clean heat, but it uses an industrial grade heat pump to replace the carbon emissions and volatile price of fossil fuels with zero-emissions, lowest-cost-available renewable energy.
As an LDES asset, Malta’s technology allows utilities to reliably deploy vastly more wind and solar power without the risks of unavailability or wasting surplus generation. With among the best-available round-trip efficiencies, lowest system degradation, and longest plant life, Malta’s clean power and heat plant allows customers to make up lost ground on decarbonization goals.