Moment Energy -a Canadian cleantech company- was founded in 2019 with the purpose of building a circular EV battery ecosystem through energy storage systems developed from repurposed electric vehicle batteries.

Moment Energy is the only Canadian company working with Nissan North America, Mercedes Benz Energy, and other world renowned automakers to develop second-life, stationary energy storage systems.

Moment's solution is able to support a variety of commercial and industrial applications in grid-tied and remote settings. These applications include peak shaving, enabling EV charging, and reducing the constraint on the grid.

Moment Energy was recognized as the Grand Prize Winner of the 2021 National Impact Investor Challenge held by Spring Activator in June 2021. On October 4th, 2021, they were placed third in the 2021 New Ventures BC Competition, British Columbia’s largest annual tech startup competition. In 2023, they were also recognized as the Cleantech Startup of the Year by Foresight Canada, and the Early-Stage Company of the Year and a member of the Top 100 Global Cleantech companies. The company has raised a total of $2.8M in funding over 2 rounds. On November 2024 the company secured a $20.3 million grant by the U.S. Department of Energy (DOE) to build a manufacturing facility for repurposing EV batteries in the U.S.

The main technical specifications of their energy storage system are:

• Usable Capacity: The system comes in 48kWh units scalable up to 1MWh.
• Voltage: AC Voltage: 480V 3 Phase (Ability to step up or down to 600VAC or 208VAC with transformer)
• Peak power: 40kVA
• Estimated Cycle life: > 3,500 Cycles at 20°C, 0.5°C
• Operating temperature range: 15°C-25°C
• Chemistry: Li-Ion (NMC)
• Weight: 800 kg per unit
• Warranty: 7 Year Limited Warranty
• Certification: In Progress

Pricing varies from project to project. Additional prices will be incurred to source out different components of a project (for example, the energy management system, transformers, shipping).

Moment Energy repurposes retired electric vehicle (EV) batteries that still have an average of 80% original capacity left when retired from the vehicle. The process goes as follows:

1. Automaker OEM tests the batteries before shipping it to Moment Energy
2. Moment Energy receives second life EV modules (with 80% of capacity)
3. Moment Energy conducts quality control on EV modules to ensure suitability of second-life
4. Battery modules are reassembled in battery packs and instrumented
5. A battery management system (BMS) is installed
6. The BMS is configured for the correct pack size and safety parameters
7. The completed system is tested and prepared for installation

Moment Energy is positioned to address three large and rapidly growing global challenges:

• electric vehicle (EV) battery recycling
• energy storage demand growth
• global lithium material shortage

Currently, they offer energy storage systems ranging from 48kWh to 1MWh for various off-grid and grid-tied applications.

Remote lodges, mining sites and aquaculture can solve the intermittency of renewables or reduce diesel consumption with energy storage.

EV Charging to enable fast charging of EVs, support EV charging stations and sites with limited power availability.

Commercial and industrial facilities can cut costs by hundreds of thousands per year with energy storage for peak shaving and demand response.