Malta Inc. (“Malta”), a leading innovator in electro-thermal long-duration energy storage solutions, has announced a strategic partnership with CA Infraestructuras Energía 2023, S.L.U (“Cox”), a global leader in sustainable energy technologies. This collaboration is set to accelerate the deployment of Malta’s full-scale Pumped Heat Energy Storage (PHES) solutions, with Cox joining a group of prominent investors supporting Malta’s mission to transform the energy storage industry.
“This partnership with Cox is transformative for Malta,” said Alexandra Pruner, Chair of Malta’s Board of Directors. “Cox’s expertise across the energy value chain will be invaluable as we scale and advance our PHES technology. We’re excited to welcome them to our world-class investor group, including Siemens Energy Ventures, Alfa Laval, Proman, Breakthrough Energy Ventures, X (the moonshot factory), Piva Capital, Chevron Technology Ventures, Dustin Moskovitz, and Trafigura. These partnerships enhance our ability to thrive in this rapidly growing market. As global power sector leaders, our investors bring industry knowledge, technical expertise, and commercial reach that will help accelerate our commercial deployment.”
Enrique Riquelme, Executive Chairman of Cox, emphasized the strategic importance of the partnership, saying, “Collaborating with Malta strengthens our renewable energy portfolio and underscores our commitment to the global transition toward sustainable energy, where long-duration energy storage (LDES) is crucial. We’re eager to leverage our expertise in molten salt storage and engineering capabilities to support the advancement of Malta’s PHES solution.”
Both Malta and Cox are excited about the potential synergies of their collaboration, which aims to enhance Malta’s position in the LDES market and accelerate the rollout of its PHES technology. This partnership also provides Cox an opportunity to expand its energy storage technology portfolio and solidify its leadership in the renewable energy sector. Together, Malta and Cox are poised to drive innovation and contribute to the global shift toward sustainable energy solutions.
