Collaborative effort sponsored by New Brunswick Innovation Foundation to accelerate Malta’s breakthrough long-duration energy storage technologyFREDERICTON, New Brunswick, November 15, 2022–(BUSINESS WIRE)–Malta Inc. and the Off-site Construction Research Centre (OCRC) at the University of New Brunswick (UNB) announced approval of New Brunswick Innovation Foundation (NBIF) funding to accelerate deployment of long-duration energy storage. Malta is a leading innovator of grid-scale, long-duration energy storage.The grant will help fund a study evaluating the applicability of advanced modularization techniques and their impact on the optimization and rapid deployment of Malta’s Pumped-Heat Energy Storage (PHES) system. Malta’s PHES technology, which can store energy from eight hours to eight days or longer, improves the resilience and efficiency of electricity grids and allows…
Malta Inc. and University of New Brunswick Off-site Construction Research Centre Awarded Grant to Study Modularization of Malta Energy Storage System
