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
30 November 2023
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
29 November 2023
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
28 November 2023
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
27 November 2023
Progress in decarbonisation but significant challenges lie ahead
