Malta’s energy storage tech to stabilize electricity grids reliant on renewables gets $50 million
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techcrunch said that As energy grids transition away from fossil fuels and toward the use of zero emission sources of power from primarily renewable energy sources, they’re going to need an ability to store and then use the massive amounts of energy that’s only generated intermittently by the sun and wind.
That’s 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.
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