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
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
9 December 2024
Editor-in-chief recognised by Cititec as among the 50 voices in commodities worth following
