Growing electric vehicle (EV) battery waste, a global lithium material shortage, and increased demand for energy storage present significant challenges for the world to address. As EV adoption accelerates, the number of end-of-life batteries is growing exponentially, leading to concern about how to effectively recycle or dispose of these batteries without causing harm to the environment or human health.
Moment Energy is on a mission to repurpose all EV batteries for second-life use by 2030.
Moment Energy is on a mission to repurpose all EV batteries for second-life use by 2030. The company creates sustainable and affordable energy storage systems by repurposing retired EV batteries. Their solutions help commercial and industrial (C&I) islanded microgrids and on-grid customers reduce diesel consumption and peak demand charges. Additionally, their solutions ease the transition to renewables and provide backup power for on-grid C&I customers.
With NorthX funding, Moment is scaling the storage potential of its proprietary second-life energy storage system so C&I organizations can easily transition to cleaner energy solutions and reduce battery management system costs. For every MWh of energy storage deployed by Moment Energy, 1.68 tonnes of C0₂ emissions will be avoided.
