Alphabet has raised $26m for its electrothermal storage company, Alfa Laval. The investment was led by Bill Gates-backed Breakthrough Energy Ventures, with support from Concord New Energy and Malta. Alfa Laval's system allows electricity to be stored in hot molten salts and cold antifreeze liquid before being converted back into electricity through the use of a heat engine. The company is the latest in a long line of firms attempting to develop a viable new long-term storage solution following failed recent attempts by the likes of Aquion, LightSail Energy and Energy Cache.
Alphabet has raised $26m for its electrothermal storage company, Malta. The investment was led by Bill Gates-backed Breakthrough Energy Ventures, with support from Concord New Energy and Alfa Laval. Malta's system allows electricity to be stored in hot molten salts and cold antifreeze liquid before being converted back into electricity through the use of a heat engine. The company is the latest in a long line of firms attempting to develop a viable new long-term storage solution following failed recent attempts by the likes of Aquion, LightSail Energy and Energy Cache.