Moment Energy provides clean, affordable and reliable energy storage by repurposing EV batteries. It is estimated that 95% of EV batteries are not handled sustainably when retired from a vehicle and it costs thousands of dollars to recycle EV batteries. As the transition into EVs grows to 125 million by 2030, the improper disposal of the batteries is a growing issue, leaving 200-300 GWh of end-of-life EV batteries stored on shelves or in landfills. Today, Moment Energy has deployed four paid projects across Canada, and its biggest project was a 120kWh system.
