Malta converts electricity to thermal energy and back again, theoretically unlocking up to 200 hours’ worth of energy storage. Malta has raised a $50 million Series B round to bring its super-long-duration energy storage to market, the company said Wednesday. The startup spun out of Google parent company Alphabet’s moonshot factory, X, in 2018. Many […]
- Tag "LONG DURATION STORAGE"
An attempted shortlist of the major breakthroughs in the energy storage industry’s biggest year ever. The coronavirus pandemic brought the broader economy to a halt, but the energy storage industry didn’t get the memo. Instead, developers made this year the biggest ever for battery installations in the U.S. More capacity is going into homes than […]
Investors want a piece of Form Energy’s stealthy long-duration storage tech, even before its first commercial deployments. Form Energy raised a $70 million Series C to scale its super-long-duration energy storage technology. That investment was first reported by Reuters Friday, without naming the participating investors. It brings Form Energy’s total funds raised to around $120 […]
California is testing Canadian startup e-Zinc’s long-duration technology to keep businesses powered through wildfires and outages. California is looking for ways to keep power flowing to customers amid wildfires without burning fossil fuels. A Canadian storage technology startup thinks it has the solution. This summer, Toronto-based e-Zinc won a $1.3 million grant from the California […]
Consolidation could be just what the fledgling flow battery industry needs. Two flow battery companies are about to complete a months-long effort to combine forces. It’s a rare instance of elective M&A in this challenging sector of the energy storage industry, where acquisitions often happen after a bankruptcy or insolvency. North America’s Avalon Battery will […]