Founded 2019
Industry
Electricity
Edward Chiang
CEO
Sumreen Rattan
COO
Gurmesh Sidhu
CPO
Gabriel Soares
CTO
Chris Benson
Director of Business Development
Articles
- Vancouver-based cleantech startup wins $100K grand prize at Spring Activator’s 2021 National Impact Investor Challenge
- Vancouver based cleantech startup secures supply chain with Nissan North America
- Moment Energy and Mercedes-Benz Energy establish supply agreement for second-life batteries
- Canadian startup teams with Mercedes-Benz Energy to upcycle used EV batteries
- Canadian start-up gives EV batteries a new life
- Mercedes Strikes Second-Life Battery Pact With Canadian Startup
- B.C.'s Moment Energy raises seed round to create off-grid power with old EV batteries
- Moment Energy sign supply agreement with Mercedes-Benz to repurpose used EV batteries
- Mercedes-Benz supplying second-life batteries for Moment Energy’s ESS solution
- Moment Energy seize their moment
- Moment Energy Archives - Techcouver.com
- Global Cleantech 100, 2023
About the Company
Moment Energy is providing worldwide access to clean, affordable and reliable energy storage systems (ESS). This vision has helped them form partnerships with four automotive OEMs including Nissan North America and Mercedes-Benz Energy. Moment Energy repurposes retired EV batteries into ESS to reduce demand charges and capacity restrictions in deregulated energy markets such as Ontario. Today, they have 29 employees and have deployed projects across Canada. Their core IP is around the development of a BMS that optimizes the performance of second-life batteries.
About the Solution
It is estimated that 95% of EV batteries are not handled sustainably when retired from the vehicle. Today, it costs thousands of dollars to recycle EV batteries. As the transition into EVs grows to 125 million by 2030, the improper disposal of the batteries is a growing problem leaving 200-300 GWh of end-of-life EV batteries stored on shelves or in landfills. We provide clean, affordable and reliable energy storage by repurposing these batteries. Today, we have deployed four paid projects across Canada and our biggest project was a 120kWh system.