Long-duration energy storage startups Energy Vault, Malta Inc in 2.6GWh deployment discussions

Share on linkedin
Share on twitter
Share on reddit
Share on facebook
Share on email
Malta’s senior technical advisor Michael Geyer (left) and CEO Ramya Swaminathan (right). Image: Malta Inc Youtube video screenshot.

Gravity and kinetic energy storage startup Energy Vault and ‘thermal pumped hydro’ startup Malta Inc have both said this week that their technologies could be set for gigawatt-hour scale deployments.  

Energy Vault’s systems will be used in the production of synthetic sustainable aviation fuel, according to the terms of a 1.6GWh agreement the Switzerland-headquartered technology provider has signed with DG Fuels.

DG Fuels has developed a fuel production process based on carbon conversion and hydrogen electrolysis which is claimed could reach 93% carbon conversion efficiency. The company believes that it could reduce the amount of feedstock needed to produce fuels which could be used in conventional aircraft engines.

Energy Vault has developed an energy storage technology which involves lifting then lowering and swinging huge weights from cranes mounted on towers. The company claims its tech is scalable to provide large amounts of energy for durations ranging from two to 12 hours. 

While the company has yet to deliver any systems to customers, it is targeting public listing of its shares through combination with Novus Capital Corporation II, a special purpose acquisition company (SPAC). 

The energy storage company has also yet to perfect or productise the systems it is seeking to create, it revealed in regulatory filings made ahead of the planned SPAC merger. Yet it said this week that DG Fuels wants to deploy the technology across multiple projects, beginning with a 500MWh project in Louisiana, US, that Energy Vault said is expected to commence in the middle of next year. 

Followed by similar projects in British Columbia and Ohio, Energy Vault said the deal will be worth US$520 million in revenues. 

Energy Vault’s systems will be combined with solar PV to firm and shape renewable energy output to meet the demand for DG Fuel’s green hydrogen production, powering water electrolysis to produce hydrogen and oxygen feedstock. DG Fuel claims its production process has zero CO2 life cycle emissions. 

Molten salt, anti-freeze and engines for long-duration electricity storage and heat

Meanwhile Malta Inc, a Massachusetts-headquartered company which has developed a grid-scale electro-thermal energy storage tech, is in discussions to deploy a 1,000MWh system in the Maritimes, Canada. 

Malta Inc is in talks with local utility NB Power to potentially build its system in New Brunswick and it could be in service during 2024, the company claimed. 

Malta’s so-called ‘pumped heat storage’ technology can provide up to 200 hours of storage, although the company has previously said it is targeting opportunities for applications that require 10 – 12 hours. The systems convert electricity into heat which is then stored in molten salt. At the same time it produces cold energy which is stored in vats of a special cooling liquid that is described as being similar to anti-freeze. 

The hot and cold are then converted back into electrical energy as needed, using a heat engine driven by the temperature difference. The company claims its systems can be built using abundant materials, combining together different processes from established and proven industries. 

In July, Malta Inc signed a deal with Siemens Energy to co-develop turbomachinery components for its systems and in March Energy-Storage.news reported the company’s closing of a US$50 million funding round, with investors including Facebook co-founder Dustin Moskowitz and Bill Gates’ Breakthrough Energy Ventures taking part.

NB Power would use the technology to store power for when it needs to be used, enabling the community to diversify its resources mix to include more renewable generation, electrification of homes and businesses and accommodate electric vehicles. Malta said heat run off as a byproduct of its storage system’s operation can also be used is district and industrial and commercial heating. 

Read Next

January 24, 2022
The year has gotten off to a frenetic start, with plenty of news from the global solar and energy storage sectors to digest on the January 2022 episode of the Solar Media Podcast.
January 24, 2022
Spanish solar company Soltec Power Holdings, through its subsidiary Powertis, has sold a controlling stake in 421MW of its solar PV projects and 90MW of energy storage in Italy to German investment firm Aquila Capital under a co-development agreement.
January 24, 2022
A 100kW/1.5MWh zinc-based battery energy storage system (BESS) will be installed at a 32-building housing development in Queens, New York, supported by the New York State Energy Research and Development Authority (NYSERDA). 
January 21, 2022
The EU’s European Investment Bank has pledged support for a long-duration thermal energy storage project and a gravity-based energy storage demonstration project.
January 21, 2022
“Extensive works” to house two 125MW turbines have begun at Australia’s first new pumped hydro energy storage (PHES) plant in nearly 40 years, developer Genex Power has said. 

Most Popular

Email Newsletter