CAMBRIDGE, Mass., December 1, 2021 / PRNewswire / – Malta Inc., a leading developer of grid-scale and long-term energy storage and Bechtel Corporation, one of the world’s most respected engineering, construction and management companies projects, today announced that they are teaming up to pursue new energy storage projects around the world. Companies will work together to develop and use Of Malta 10-150+ hours energy storage technology in a variety of grid scale applications.
“Joining Bechtel is perfect for Malta, ”He said Al Morales, Chief Financial Officer of Malta. “Bechtel’s deep understanding of Malta system components, a broad footprint and customer base, and a proven track record of successful project delivery will help Malta to speed up and smooth the energy transition. “
Working together, Bechtel and Malta intend to identify and seize opportunities to use long-term energy storage plants that store electricity for days or weeks – convert intermittent energy from the sun and wind into reliable energy, upon request , basic loading. The ambition is to strengthen the Malta a system to produce carbon-free electricity to decarbonize industrial, agricultural, building, and other sectors.
“We are happy to be collaborating with them Malta to advance the deployment of its innovative and scalable storage solution that will enable the continued global expansion of renewable energy generation portfolios. The lack of long-term energy storage solutions remains a major challenge for the renewable energy industry, ”said Bechtel, the leader of the renewable energy sector. Scott Austin. “There is no silver bullet for decarbonization, and Bechtel is committed to leveraging our expertise in engineering and construction to support the rapid advancement of technology solutions that can advance rapidly. significant transition to a zero net environment. “
The collaboration will focus on short-term actions to jointly develop a portfolio of long-term energy storage projects. The goal of the team will be guided by Malta key system attributes:
- Portfolio integration: The Malta the system could be strengthened and integrate variable renewable energy into existing generation portfolios, allowing the addition of much more solar and wind energy and speeding up utility paths to meet the goals and decarbonisation mandates.
- Repurposing Fossil Axes: The Malta system can be integrated with fossil fuel-fired retirement assets, such as coal-fired power plants, to re-use existing infrastructure, avoid job losses, and preserve the fossil fuel base. the tax of local communities.
- Clean Economic Centers: The Malta the system can serve as a clean energy and heat hub to provide clean energy to existing C&I businesses and districts, enable economic development, and attract new business investment from the digital, agricultural and industrial sectors.
- Storage as Transmission: The Malta A system can be installed on the transmission system to optimize existing infrastructure and dramatically increase the efficiency of new investments.
Bechtel is a trusted partner in engineering, construction and project management for industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful results, we align our capabilities with our clients ’objectives to create a lasting positive impact. Since 1898, we have helped clients complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resilience of the world’s infrastructure, increased access to energy, resources and vital services, and made the world. a safer and cleaner place.
Bechtel serves Energy; Infrastructure; Nuclear, Safety and Environmental; and the Mining and Metals markets. Our services range from initial planning and investment, through start-ups and operations. www.bechtel.com
Malta represents the future of energy storage. With its grid-scale solutions that can store energy up to 50x longer than typical battery technology, Malta is enabling renewable energy to be used more efficiently and effectively, improving grid reliability and resilience, and speeding up the transition to a clean energy future. Incubated in X, the Moonshot Factory (formerly Google [X]), the company is backed by energy industry leaders Alfa Laval, Proman, and Chevron Technology Ventures, as well as investors Breakthrough Energy Ventures and Piva Capital. Malta is based in Cambridge, Massachusetts. For more information visit www.maltainc.com.
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