COMPANY
Moment Energy provides affordable, performant, and reliable energy storage by repurposing retired electric vehicle batteries. We are working with major automotive companies including Nissan to take advantage of the remaining capacity in retired electric vehicle batteries. Our energy storage solutions range from 120kWh to 5MWh and serve grid independent facilities in major markets. We can help you save money and the environment by reducing your dependence on diesel generators and helping with demand charge reduction for on grid applications.
APPROACH
Moment Energy is uniquely positioned to address three large and rapidly growing global challenges: electric vehicle battery recycling, energy storage demand growth, and global lithium material shortage.
We have developed a process to convert retired EV batteries for use in second life applications. These EV batteries still have an average of 80% original capacity left when retired from cars but usually end up on shelves because they are much cheaper to store than recycle. The batteries can deliver an additional 7-10 years of service in energy storage applications and there is expected to be an overwhelming influx of end-of-life lithium batteries as millions of EVs are retired over the next few years.
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QUICK FACTS
Years in business: 2
Head office: Port Coquitlam, British Columbia, Canada
MAIN AREAS OF EXPERTISE
Energy Storage
WHY US?
Our systems are compatible with a wide variety of energy sources and offer the performance benefits of lithium batteries without the steep price tag.
• Price: Less than two-thirds the price of existing new lithium solutions in our target market
• Lifespan: 7-10 years of service, similar to existing solutions in our target market
• Discharge capability: Better than existing solutions in our target market, as EV batteries have high power output by design
• Compatibility: Our energy storage systems seamlessly pair with a wide variety of energy sources including solar, wind, diesel, and utility grids
• Remote Monitoring: Our system is equipped with a Battery Management System (BMS) that provides safety features, real-time analytics and updates that can be viewed on an online platform
• Sustainability: Moment Energy is re-using EV batteries to provide second-life products. This not only reduces the externalities associated with mining and refining lithium but also facilitates a circular economy for EV batteries.
Potential Opportunities with Sponsor Companies
• Replace diesel generators with energy storage and renewable energy
• Meet the power requirements to install multiple EV chargers
• Reduce your utility bills by using our systems for demand charge reduction
