Chevron Technology Ventures was among the investors that added $10m to the thermal energy storage developer's latest round.
Oil and gas provider Chevron helped US-based energy storage provider Malta expand its series B round to $60m on Wednesday through subsidiary Chevron Technology Ventures.
Chevron was joined by fellow newcomer Piva Capital in the round, which already included $50m supplied by natural gas producer Proman, industrial product manufacturer Alfa Laval, Breakthrough Energy Ventures and Dustin Moskovitz in February this year.
Malta has developed grid-scale thermal energy storage technology and will use the new capital to advance its commercialisation…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
