November 10, 2021: Malta, a developer of pumped heat energy storage, and NB Power, a utility in eastern Canada, announced at the end of October that they had signed a term sheet as part of establishing an agreement to create the first long-duration energy storage facility in New Brunswick. While still in the planning and development stage, the facility is targeted to be in-service in 2024.
Upon its completion, the 1,000MWh facility would be one of the largest energy storage systems of its kind in the world.
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 say they would 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 contractors sourced directly from New Brunswick and Atlantic Canada, creating economic benefits in the region.