Clean energy startup Moment Energy has established a supply agreement with Mercedes-Benz Energy (MBE) for second-life electric vehicle batteries.
Clean energy startup Moment Energy has established a supply agreement with Mercedes-Benz Energy (MBE) for second-life electric vehicle batteries. This marks the first agreement Mercedes-Benz Energy has signed with a North American second-life energy storage system (ESS) provider.
Gordon Gassmann, CEO of Mercedes-Benz Energy, said:
Together with Moment Energy we will enable sustainable ESS-solutions for North America based on second-life batteries.
“We are to combine Mercedes-Benz Energy’s experience with Moment Energy’s pioneering spirit in these exciting times.”
Electric vehicles, or EVs, are expected to make up 70% of US automotive sales by 2030. With this growth comes tens of millions of end-of-life EV batteries that are being improperly managed. On top of that, these batteries still have an average of 80% of their original capacity remaining when removed from vehicles.
Sumreen Rattan, co-founder and COO of Moment Energy, said:
We’re excited to work with Mercedes-Benz Energy to ensure that EV batteries are given a second life in stationary energy storage applications.
“With this agreement, we are another step closer to closing a circular economy for EV batteries.”
Moment Energy has integrated Mercedes-Benz Energy batteries in its latest 60-kilowatt-hour energy storage solution. Moment Energy will deploy two of these systems at God’s Pocket Resort, a Canadian off-grid diesel-dependent scuba diving resort later this year.
Moment Energy is taking pre-orders for their 60-kilowatt-hour second-life energy storage solution. For more information please visit www.momentenergy.com/our-solution.
About Moment Energy
Moment Energy is a BC cleantech startup creating clean, affordable, and reliable energy storage systems by repurposing retired electric vehicle batteries. Their second-life energy storage systems help utilities, microgrids and commercial customers improve grid reliability and replace fossil fuel consumption with renewable energy.
The solution also significantly reduces utility demand costs for on-grid commercial customers by using energy storage for peak shaving.
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Moment Energy and Mercedes-Benz Energy establish supply agreement for second-life batteries,VANCOUVER, BC, July 6, 2022
