Bill payments are still due on time, and we're here to help you stay on track! Take advantage of our online tools for quick payments and consider exploring our paperless billing options for added convenience. Contact online >>
Bill payments are still due on time, and we''re here to help you stay on track! Take advantage of our online tools for quick payments and consider exploring our paperless billing options for added convenience.
Your browser is out of date which can put you at risk for security threats online. We highly recommend installing one of the following free browsers now: Firefox, Chrome, Opera, or the most recent version of Internet Explorer
Storage facility would be one of the largest of its kind worldwide, paving the way for more zero-emissions power generation and a more stable and resilient grid.
FREDERICTON, NB and CAMBRIDGE, MA – Malta Inc., a leading developer of innovative pumped heat energy storage technology, and NB Power, the largest utility in the Maritimes, are pleased to announce that they signed a term sheet and are working toward establishing an Energy Storage Benefits Agreement to advance the first long-duration energy storage facility in the province''s history. While still in the planning and development stage, the facility is targeted to be in-service in 2024.
This initiative demonstrates NB Power''s leadership role in helping New Brunswick transition to a low-carbon economy. A sustainable energy solution, Malta''s energy storage facility will help achieve emissions reductions, improve grid stabilization, increase the grid''s capacity for the integration of renewables, and bring good jobs to the province. Upon its completion, the 1,000MWh facility would be one of the largest energy storage systems of its kind in the world, and lead to the creation of an estimated 225 new jobs during construction, and up to 15 during operation.
"This is a very exciting initiative for NB Power as we make greater strides towards decarbonization and adding more flexibility to our generation assets," said Keith Cronkhite, President and CEO of NB Power. "This innovative new technology aligns well with our goal to transform the electricity system in New Brunswick to bring customers greater value and services. It will be an important addition to our grid as we find solutions to increase beyond our current 80 per cent carbon-free electricity for New Brunswickers."
The Malta system is an innovative long-duration energy storage system that can store power when it is generated and discharge the power when it is needed. This prepares New Brunswick for a future with a diverse resource mix inclusive of more renewable generation, electric vehicles, and greater electrification of homes and businesses, which will make the communities served by NB Power healthier and more resilient.
"We are proud to be partnering with NB Power to provide sustainable and affordable energy while supporting Canada''s equitable transition to a carbon-free future and economy," said
Ramya Swaminathan, CEO, Malta inc. "It is a win for sustainable technologies, a win for the transition to a net-zero future, and a win for New Brunswick customers."
An additional benefit of the plant is that it will produce a large quantity of high-quality heat as a byproduct that can be used in a number of commercial, industrial, and district energy operations, with the potential to reduce greenhouse gas emissions and drive further economic growth.
The companies will be consulting and engaging with several partners and stakeholder groups throughout the province. Construction and long-term operation of the Malta system would rely on tradespeople and contractors sourced directly from New Brunswick and Atlantic Canada, creating economic benefits in the region and training workers to participate in a new, innovative, and growing part of the industry.
"I am proud to see New Brunswick become a hub for energy storage as we move towards a more stable, resilient and flexible power grid," said Arlene Dunn, minister responsible for Opportunities NB. "I am pleased to see the hard work and collaboration pay off for our province."
As a Crown corporation, Opportunities New Brunswick (ONB) is the focal point for all of New Brunswick''s economic development activities. Client-focused, proactive, professional and accountable, ONB is the single point of contact for local and foreign businesses looking to grow, expand or locate.
ONB is accelerating growth by attracting global business, strengthening exports, and empowering local companies and entrepreneurs. With provincial, federal, and community partners, ONB is transforming New Brunswick into an entrepreneurial hub and a global destination for growth-focused enterprises.
About Battery technologies malta
As the photovoltaic (PV) industry continues to evolve, advancements in Battery technologies malta have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Battery technologies malta for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Battery technologies malta featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
