Concord New Energy and Alfa Laval have both invested in Alphabet spinout Malta, which is working on electrothermal energy storage systems for the grid.

US-based grid-scale energy storage technology developer Malta has secured $26m in a series A round that included renewable energy producer Concord New Energy and industrial product maker Alfa Laval. The round was led by Breakthrough Energy Ventures, a clean energy investment fund led by the group of executives and entrepreneurs from the energy industry that…

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