Energy storage developer Malta has teamed up with project management company Bechtel Corporation to deploy electro-thermal energy storage systems.
The companies will develop and deploy Malta’s 10-150+ hour energy storage technology in a variety of grid-scale applications.
The system takes power from renewables or the grid and stores it as heat in molten salt, where it can be converted back to power using a heat engine to be redistributed on the grid.
Near-term actions include jointly developing a portfolio of long-duration energy storage projects.
In October, Malta signed a term sheet with power utility NB Power to work toward establishing an Energy Storage Benefits Agreement to install an energy storage facility in Canada.
While still in the planning and development stage, the companies aim to install the 1,000MWh system in the province of New Brunswick, Canada by 2024.
The energy storage facility will aid emissions reductions, improve grid stabilisation, and increase the grid’s capacity for the integration of renewables.
An additional benefit of the plant is that it will produce a large quantity of high-quality heat as a byproduct that can be used in commercial, industrial, and district energy operations.
The companies will be consulting with partners and stakeholder groups throughout the province.