Malta Inc, Schmid Pekintas ink gigawatt-scale hybridisation pact

Malta Inc, a developer of grid-scale, long-duration energy storage (LDES) solutions, has signed a pact with Schmid Pekintas to hybridise a gigawatt-scale portfolio of solar energy projects of the Turkish solar energy company at home, as well as in the US and Europe.

The parties have signed a memorandum of understanding (MoU) to consider the deployment of Malta’s LDES systems at 540 MW of pre-licensed solar schemes in Turkey.

At the same time, the two companies will explore the provision of energy storage solutions into 200-500 MW of existing and new solar projects across various South European countries and US states, including California, New Mexico and Texas, targeting a combined storage deployment of up to 1 GW over the next five years, a press statement said today.

Cambridge, Massachusetts-based Malta develops thermo-electric energy storage systems comprised of conventional components and raw materials such as molten salt, chilled commodity liquid, metals, alloys and composites.

Schmid Pekintas offers a broad range of turn-key solar services, including manufacturing, construction and project development. It claims to be the largest solar module manufacturer both in Turkey and Europe with an annual capacity of 2.5 GW.

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