Trafigura aims to support emerging clean energy technologies by providing capital and market knowledge
Trafigura backs energy storage developer Malta
Commodities trader joins growing list of investors in Malta’s pumped-heat energy storage technology
US-based long-duration energy storage technology developer Malta has secured an investment from commodities trader Trafigura, adding to its existing list of backers, which includes the technology arm of US oil major Chevron. Malta has developed a pumped-heat energy storage technology that can convert electricity and store it as thermal energy. It can then regenerate the electricity on demand for up to 200 hours, helping to smooth out supply-demand imbalances caused by intermittent renewables. "We believe that the Malta system has the potential to unlock a wealth of inexpensive clean energy to address global energy demands,” says Julien Rolland, head of power and renewables for Trafigura. “Wi
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
