Battery Bank: B.C.-based energy startup signs supply deal with Mercedes-Benz Energy

Vancouver, British Columbia — Mercedes-Benz Energy has signed onto a supply agreement with Port Coquitlam-based clean energy startup Moment Energy to provide energy storage solutions to the German automaker.

Moment said in its Wednesday press release that this deal marks the first agreement Mercedes-Benz Energy (MBE) has signed with a North American second-life energy storage system (ESS) provider.

“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 MBE CEO Gordon Gassmann.

Moment says that 70 percent of US automotive sales by 2030 are expected to be electric vehicles and with that growth the need for proper battery storage will only expand. Additionally, the company claims that on average batteries removed from end-of-life vehicles still retain 80 percent of their charging 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 Moment Energy COO and co-founder Sumreen Rattan.

Thus far, Moment Energy has integrated Mercedes-Benz Energy batteries in its latest 60-kilowatt-hour energy storage solution. The company plans to deploy two of these systems at God’s Pocket Resort, an off-grid diesel-dependent scuba diving resort later this year.


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