Malta Inc. and Partners Win Grant From German Government
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Monday, November 6, 2023
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Malta Inc. , a world leader in long-duration energy storage (LDES), announced that its German subsidiary was awarded a grant to support a €9-million effort to accelerate the German energy transition.
Key Points:
- Malta Inc. , a world leader in long-duration energy storage (LDES), announced that its German subsidiary was awarded a grant to support a €9-million effort to accelerate the German energy transition.
- View the full release here: https://www.businesswire.com/news/home/20231106500619/en/
Germany needs to electrify its heating sector and to ensure that expanded renewable power generation is available on-demand and around-the-clock. - 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.
- “We are honored to partner with the German government and its leading national laboratory, the DLR, to explore how Malta’s technology can accelerate the transition off natural gas,” said Ramya Swaminathan, CEO of Malta.