Moment Energy signs supply agreement with Mercedes-Benz Energy

The Canadian energy storage company Moment Energy signed a supply agreement with Mercedes-Benz Energy (MBE) for second-life electric vehicle batteries. The company, which previously mainly have been using Nissan Leaf batteries, will through the agreement secure supply for its latest 60 kWh ESS. For Mercedes-Benz Energy the deal marks the first agreement with a North American second-life ESS provider.

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Vancouver-based Moment Energy was founded in 2020 with the idea to use second life batteries for energy storage systems and secured venture funding of $3.5M as late as in November 2021.

For Mercedes-Benz Energy, which itself has deployed several both large and mid-sized ESS based on its second life batteries from in-warranty replacements, as well as lease and R&D vehicles, the deal is the third the company announce in which other ESS companies are using batteries from the Daimler group.

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