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Maltas energy storage tech to stabilize electricity grids reliant on renewables gets $50 million

As energy grids transition away from fossil fuels and towards the use of zero emission sources of power from primarily renewable energy sources, theyre going to need an ability to store and then use the massive amounts of energy thats only generated intermittently by the sun and wind.
Thats why technologies coming from companies like Malta, an energy storage technology developer that just raised $50 million in new financing, are attracting attention and venture capital investment.
Malta spun out from the special projects group at Googles parent company Alphabet and relies on some very old technologies combined in a novel way to provide long duration energy storage that can be discharged during times of peaking demand like the conditions that effected Texas power grid last week.
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