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Malta Inc. develops long-duration energy storage using its steam-based SEMS system for utility-scale and industrial customers.
Malta Inc. was founded in 2018 in Cambridge, US, and was established by Anton Tabone. Its Steam Energy Management and Storage (SEMS) system uses steam-based heat pump technology to deliver flexible power and heat, and it draws on a locally sourced supply chain. Customers include energy-intensive industries and large generation assets across Europe, the Americas, the Middle East and Africa. The company has completed 7 deals and has raised USD 21.613 mn in total; its latest funding was a Series C led by investors including Alfa Laval Corporate AB and Chevron Technology Ventures, at a valuation of USD 177.389 mn.
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