On December 1, 2023, Malta Inc. closed the transaction. The company received $21,612,797 total gross proceeds in the transaction. The transaction included participation from new investor, Siemens Energy Ventures and returning investors, Alfa Laval Corporate AB, Piva, Proman AG, Breakthrough Energy LLC, and Chevron Technology Ventures L.L.C. The transaction included participation from 5 investors pursuant to Regulation D.