Moment Energy and Mercedes-Benz Energy Establish Supply Agreement for Second-Life Batteries

VANCOUVER, BC - July 6th, 2022 -  Clean energy startup Moment Energy has established a supply agreement with Mercedes-Benz Energy (MBE) for second-life electric vehicle batteries. This marks the first agreement Mercedes-Benz Energy has signed with a North American battery energy storage system (BESS) provider.  

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“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.

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Electric vehicles, or EVs, are expected to make up 70% of US automotive sales by 2030. With this growth comes tens of millions of end-of-life EV batteries that are being improperly managed. On top of that, these batteries still have an average of 80% of their original capacity remaining when removed from vehicles.

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“We’re excited to work with Mercedes-Benz Energy to ensure that EV batteries are given a second life in stationary battery 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.

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Moment Energy has integrated Mercedes-Benz Energy batteries in its latest 60-kilowatt-hour battery energy storage system. 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.

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Moment Energy is taking pre-orders for their 60-kilowatt-hour battery energy storage system. For more information please visit www.momentenergy.com/our-solution.