Malta Inc. Announces Strategic Alliance and Investment with Kobe Steel to Strengthen Industrial Competitiveness and Advance Decarbonization

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Postmedia has not reviewed the content. by Business Wire Malta Inc. Announces Strategic Alliance and Investment with Kobe Steel to Strengthen Industrial Competitiveness and Advance DecarbonizationAuthor of the article:Kobe Steel joins Malta’s global investor base as the companies form a capital and business alliance to advance heat pump technology that lowers industrial energy costs, reinforces process reliability, and reduces emissions.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCAMBRIDGE, Mass. — Malta Inc. (“Malta”), a cleantech company developing advanced thermodynamic technology, today announced a capital and business alliance agreement with Kobe Steel, Ltd. (“Kobe Steel,” also known as the Kobelco Group). Kobe Steel has made a strategic investment in Malta and joins the company’s group of world-class investors.The alliance brings together Malta’s proprietary ultra-high temperature heat pump technology with Kobe Steel’s decades of experience in compression solutions. The companies intend to combine their technologies, expertise, and know-how to accelerate the development, commercialization, and widespread adoption of Malta’s solutions for industrial energy cost reduction, process reliability, and decarbonization, as well as waste heat recovery and energy storage.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“We are thrilled to welcome Kobe Steel as both an investor and strategic partner,” said Philippe Delleville, President and CEO of Malta Inc. “Kobe Steel’s long-established leadership in steam compression technology is highly complementary to our steam management platform, and this alliance will help us accelerate the commercialization of our heat pump technology for industry energy cost reduction and decarbonization, as well as its implementation in grid-scale energy storage. Our commitment to industrial customers is concrete: a lower utility bill and more reliable process heat — the foundation of a competitive, resilient industrial base.”For Kobe Steel, the investment aligns with green transformation (GX) initiatives under its “KOBELCO-X” strategy. For Malta, the partnership further strengthens its global investor base as it scales commercial deployment.Malta Inc. is a cleantech company—originating from X (formerly Google X)—developing advanced heat pumps (Malta AHP) and steam energy management and storage solutions (Malta SEMS) based on its proprietary thermodynamic technology. Malta is backed by Kobe Steel, Cox Energy, Breakthrough Energy Ventures, X (Alphabet), Siemens Energy Ventures, Alfa Laval, Proman, Chevron Technology Ventures, and other leading investors.For further information, visit https://maltainc.com/View source version on businesswire.com: MALTA Inc. Corporate Communications This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.