British Columbia, BC– Moment Energy, a Canadian clean-tech startup, secured a supply chain with Nissan North America earlier this month. This marks a key milestone for the company as they are the only Canadian company working with Nissan towards creating a circular economy for electric vehicle batteries. Through this supply chain, Moment Energy aims to reduce diesel consumption in remote communities and work with renewable energy providers to store clean energy.
While the demand for renewable energy such as wind and solar is increasing, there remains a gap for sufficient energy storage. Traditional storage can be expensive and involves the depletion of raw materials. Moment Energy fills this gap by re-purposing electric vehicle batteries for sustainable energy storage.
“We’re very excited to work with Nissan towards creating a more sustainable future.” said Sumreen Rattan, co-founder at Moment Energy. “This puts us on the road to not only efficiently deliver renewable energy to remote communities but also prevent these batteries from producing toxic waste in landfills. We at Moment Energy are delighted to be at the forefront of the development of clean technology.”
“Moment Energy is proving that second-life Nissan LEAF batteries can continue to have value outside of the vehicle.” said Mark Thorpe, Director Business Planning & Development After sales, Nissan North America. “As a global pioneer in electric vehicles, Nissan is dedicated to discovering and promoting new ways to use EVs to achieve a better future.”
Moment Energy is now engaging with battery manufacturers and renewable integrators to bring second life energy storage to market. They are also seeking partnerships for off-grid pilot projects.
Moment Energy is a Vancouver-based clean-tech startup creating sustainable and affordable energy storage systems by repurposing retired electric vehicle batteries. Their solution helps off-grid customers reduce diesel consumption and transition to renewables, and also provides peak shaving and backup power for on-grid commercial and industrial customers.
Moment Energy was co-founded by four tech entrepreneurs who met in the Mechatronic Systems Engineering Program at Simon Fraser University where they co-founded an electric race vehicle team. The team carries experience from Apple, Tesla, Intel, and Microsoft, and is a MaRS and Foresight CleanTech Accelerator portfolio company.
Additionally, Moment Energy was recognized as the Grand Prize Winner of the 2021 National Impact Investor Challenge held by Spring Activator. Moment Energy currently holds a Top Ten Finalist standing in the 2021 New Ventures BC Competition.
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As Moment Energy’s COO and co-founder, Sumreen leads the supply chain and marketing teams. She is responsible for the company’s supply relationships with the world’s largest auto manufacturers, and leads marketing efforts to establish Moment Energy as their trusted partner for repurposing end of life EV batteries.
