Malta
Malta Inc. develops pumped heat energy storage, which turns electricity into heat stored in molten salt and cold stored in a chilled liquid, then converts it back to electricity with a heat engine. It also makes a steam-based high-temperature industrial heat pump for electrifying process heat. The company was spun out of Alphabet's X in 2018.
Energy & climateThermal energy storage and industrial heat pumpsCambridge, United States
- Total raised
- $76M
- Last round · Sep 2026
- Strategic investment (Kobe Steel)
- Founded
- 2018
Funding rounds
DateRound · leadRaised
Sep 14, 2026Strategic investment (Kobe Steel) · Kobe Steel—
Oct 2024Strategic investment (Cox) · Cox Energy—
Nov 29, 2023Venture round (Siemens Energy Ventures, Alfa Laval) · Alfa Laval, Siemens Energy Ventures—
Aug 25, 2021Series B extension—
Feb 24, 2021Series B · Proman$50M
Team
- Philippe DellevillePresident and CEO



