Solar Dynamics, EPRI and Malta Selected to Develop “Basic Design Document” to Advance Next Generation Thermal Energy Storage

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DENVER–(BUSINESS WIRE)–Solar Dynamics LLC, EPRI, and Malta Inc. today announced that the U.S. Department of Energy (DOE) has selected their team to develop a new design basis document to accelerate low-emission energy applications of carbon that use nitrate salt storage.

The initiative will combine the organisations’ state-of-the-art knowledge and experience to present technical recommendations for future energy projects using nitrate salt as a heat transfer fluid and thermal storage medium.

Through the compilation of leading engineering practices and lessons learned from past projects, both successful and unsuccessful, this design foundation document aims to codify industry consensus and establish guidelines to help future developers plan reliable, efficient and cost-effective designs.

This new design basis document could advance the next generation of nitrate salt thermal storage systems, which have applications in concentrated solar power, long-duration energy storage, and nuclear power.

“The team is very excited about this award and the key role it can play in accelerating molten salt systems,” said Hank Price, CEO of Solar Dynamics. “EPRI’s vast knowledge of the subject matter and stellar reputation, coupled with Malta’s global expertise in energy storage, ensures that this document will represent the current state of the art in technical expertise and practical in salt systems.”

“Collaborating with Solar Dynamics and Malta to assemble the most efficient benchmarks for molten salt energy storage and concentrated solar power plants represents an opportunity to raise awareness of this technology and help advance a whole class of systems. energy,” said Michael Caravaggio, Director of Research and Development, EPRI.

“Malta is delighted to contribute the knowledge gained from the development of our long-term energy storage system to the advancement of the energy industry,” said Malta CEO Ramya Swaminathan. “We are excited to provide our expertise and promote molten salt storage as a solution to some of the world’s greatest energy challenges.

The study is led by molten salt expert Bruce Kelly and is expected to last 12 months. It involves direct interviews with plant operators, EPCs and owners, and it will build on previous work by the National Renewable Energy Laboratory on the subject.

“By standardizing these design lessons into open source best practice instructions, we will accelerate our migration to lower carbon energy systems and ultimately reduce costs passed on to customers,” said Price.

About solar dynamics

Solar Dynamics, headquartered near Denver in Broomfield, Colorado, is a technology company that leverages hands-on experience, innovative designs, and cutting-edge engineering tools to develop next-generation products and services for power-focusing. ‘solar energy. Solar Dynamics’ proprietary technology focuses on molten salt tower technology, molten salt pan technology, and developing advanced heliostat and pan collector designs to make these systems more cost effective.

www.solardynllc.com

About EPRI

Founded in 1972, EPRI is the world’s largest independent, not-for-profit energy research and development organization, with offices around the world. EPRI’s trusted experts work with more than 450 companies in 45 countries, driving innovation to ensure people have clean, safe, reliable, affordable and equitable access to electricity around the world. Together, we are shaping the future of energy.

www.epri.com

About Malta Inc.

Based in Cambridge, Massachusetts, Malta Inc. has developed a Pumped Thermal Energy Storage (PHES) system to provide long-term, large-scale, cost-effective and safe energy storage. The Maltese system stores electricity as thermal energy and then regenerates it on demand for up to 200 hours, meeting daily and weekly needs. Malta’s PHES system also generates clean heat for industrial and district heating applications. The company was initially incubated at Google’s Moonshot Factory, X, and is backed by energy industry leaders Alfa Laval, Proman, Chevron Technology Ventures and Trafigura Group, as well as investors Breakthrough Energy Ventures and Piva Capital. .

www.maltainc.com

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