Wednesday, 19 May 2021
Malta Inc. is teaming up with Duke Energy to study the socioeconomic, environmental and operational benefits of converting retiring coal units into long-duration, zero-emissions energy storage systems by integrating Malta’s 100-megawatt, 10-hour pumped heat energy storage system into existing infrastructure at a Duke Energy coal plant in North Carolina. Courtesy of Duke Energy
A U.S. Department of Energy grant is funding the year-long study of the emerging technology.
Malta is developing a pumped heat energy storage system that leverages well-understood subsystems, components and thermodynamics in a novel energy storage application. By leveraging existing subsystems from well-established industries, the system relies on decades of performance data to ensure safe, resilient operations.
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Vistra Corp. [NYSE: VST] loss -0.28% or -0.05 points to close at $17.76 with a heavy trading volume of 4454610 shares. The company report on April 14, 2021 that Vistra, Malta, and Southwest Research Institute Collaborate on Department of Energy Funded Study to Advance Clean Power Generation. Get th
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Malta, Vistra, And Southwest Research Institute Collaborate On Department Of Energy Funded Study To Advance Clean Power Generation
CAMBRIDGE, MASS. & IRVING, TEXAS (BUSINESS WIRE)
Malta Inc., a leading developer of long-duration thermal energy storage solutions and Vistra (NYSE: VST) a leading Fortune 275 integrated retail electricity and power generation company, in collaboration with Southwest Research Institute (SwRI), have been awarded a Department of Energy (DOE) grant. The federally funded project will study how Malta’s energy storage system can improve the environmental and economic performance of a natural gas-powered power plant, help to balance the diverse power generation on electric grids, and improve the reliability and resiliency of the electric system as more intermittent renewables come online.
Vistra, Malta, and Southwest Research Institute Collaborate on Department of Energy Funded Study to Advance Clean Power Generation
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CAMBRIDGE, Mass. and IRVING, Texas, April 14, 2021 /PRNewswire/ Vistra (NYSE: VST) a leading Fortune 275 integrated retail electricity and power generation company and Malta Inc., a leading developer of long-duration thermal energy storage solutions, in collaboration with Southwest Research Institute (SwRI), have been awarded a Department of Energy (DOE) grant. The federally funded project will study how Malta s energy storage system can improve the environmental and economic performance of a natural gas-powered power plant, help to balance the diverse power generation on electric grids, and improve the reliability and resiliency of the electric system as more intermittent renewables come online.