A Cost-Effective and Reliable Way to Feed the Growing Power Demands of Our Electricity-Hungry World
Malta’s electro-thermal energy storage system is a new grid-scale technology that collects and stores energy for long durations. Energy can be stored from any power generation source in any location – be it wind, solar, or fossil fuels – enabling reliable and predictable operation of the grid.
Intermittent Energy Sources Lead to Grid Instability
Wind and solar energy resources are abundant, inexpensive, and clean. But the wind doesn’t always blow, and the sun doesn’t always shine. When these natural resources fluctuate, expensive capital investments sit idle, or are required to operate in a way that causes damage and shortens asset life.
According to lowest estimates, at least 100 GW of storage will be installed worldwide by 2025.
Up to 30% of solar energy in California is wasted because it cannot be used when it is produced.
Up to 43% of wind energy is curtailed in certain regions of China.
*New Enterprise Associates
Germany is on track to surpass its renewables target of 40% by 2020.
*AG Energiebilanzen e.V.