Malta, a long-duration energy storage startup, has raised USD 21.6 million in a financing round. This brings the company's total funding to USD 108.5 million.
The round comprised a variety of investors, including new backers Siemens Energy Ventures and Alfa Laval, as well as existing shareholders Breakthrough Energy Ventures, Proman, Chevron Technology Ventures, and Piva Capital.
Malta intends to use the funds to expedite the global deployment of its energy storage systems.
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