Clean energy startup Moment Energy has established a supply agreement with Mercedes-Benz Energy (MBE) for second-life electric vehicle batteries.
VANCOUVER, BC – North American clean energy startup Moment Energy has established a supply agreement with Mercedes-Benz Energy (MBE) for second-life electric vehicle batteries. This is the first such agreement that MBE has signed with a provider of second-life energy storage systems (ESS) in North America.
“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,” said Gordon Gassmann, CEO of Mercedes-Benz Energy.
As electric vehicles become increasingly popular, there is a growing need for responsible battery management. With an estimated 70% of US automotive sales being EVs by 2030, there will be tens of millions of end-of-life batteries that need to be properly disposed of. Additionally, these batteries still have a considerable amount of power remaining – on average, around 80% of their original capacity.
“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,” said Sumreen Rattan, co-founder and COO of Moment Energy.
The company has integrated Mercedes-Benz Energy batteries into its latest 60-kilowatt-hour energy storage solution. This will provide the resort with a cleaner, more efficient way to store energy. 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.
