Solving for Zero: Ramya Swaminathan of Malta | Summary and Q&A

TL;DR

Malta's technology aims to compete with the cost of US natural gas by converting electric energy to thermal energy, providing low-cost, long-duration grid-scale energy storage.

Key Insights

• 🎶 Malta's technology is designed to compete with the cost of US natural gas, making it a competitive option for long-term grid-scale energy storage.
• 💡 The technology works by converting electric energy to thermal energy through the integration of various components like heat pumps, heat engines, and thermal energy storage.
• 🌡️ The use of molten salt and anti-freeze fluid allows Malta's system to maintain a state of charge for extended periods, with the hot store losing power very slowly. ⏰ This long duration storage capability, ranging from 8 to 168 hours, makes Malta's system a valuable asset for the future grid.
• 🌍 As the demand for renewable electricity increases in the coming decades, long-term storage technologies like Malta's will be essential for meeting this demand effectively.
• 🔋 Malta's system offers a cost-effective solution for storing renewable energy at scale, aiming to compete with the price of US natural gas.
• 🌞 By integrating well-known and well-understood components, Malta's technology ensures reliability and efficiency in energy conversion and storage.
• 💪 The ability of Malta's system to generate power for extended periods once called into service further highlights its value for future grid requirements.

Transcript

foreign system is designed to compete with the cost of U.S natural gas at scale malta's technology will be at or below the price of U.S natural gas malta's technology works by taking electric energy and converting it to thermal energy the way that multisystem does that is by taking well-known and well-understood components that is a heat pump on th... Read More

Questions & Answers

Q: How does Malta's energy storage system work?

Malta's system converts electric energy to thermal energy using a heat pump and heat engine, with thermal energy storage in the form of molten salt and anti-freeze fluid as the medium.

Q: What is the advantage of Malta's system over traditional grid-scale energy storage solutions?

Malta's system offers low-cost, long-duration storage, allowing it to compete with the cost of US natural gas and providing valuable characteristics for the future grid.

Q: How long can Malta's system store energy?

Malta's system can store energy for anywhere from 8 to 168 hours, making it suitable for long-term storage of renewable electricity.

Q: Why are long-term storage technologies like Malta's system essential for the future grid?

Long-term storage technologies are essential as the demand for renewable electricity increases. Malta's system addresses the need for storing renewable energy and provides a viable solution for the future grid.

Q: How slowly does Malta's system lose power, and what makes its storage capacity valuable?

Malta's system loses power slowly at a rate of about a degree per day, allowing it to sit in a state of charge for a significant amount of time. With its high storage capacity, it can generate power for an extended period once called into service. These characteristics make it valuable for the future grid's energy storage needs.

Q: How does Malta's energy storage system work?

Malta's system converts electric energy to thermal energy using a heat pump and heat engine, with thermal energy storage in the form of molten salt and anti-freeze fluid as the medium.

Summary & Key Takeaways

• Malta's technology utilizes a heat pump, heat engine, and thermal energy storage in the form of molten salt to convert electric energy to thermal energy.

• The system can store energy for anywhere from 8 to 168 hours, making it a long-duration storage solution for the future grid.

• With its slow power loss rate and high storage capacity, Malta's system offers valuable characteristics for the increasing demand for renewable electricity.