An energy storage systems manufacturer is giving electric vehicle batteries a place to retire, and a second life to provide a much-needed boost to Canada’s aging power grid as it struggles to keep up with soaring demand.
Moment Energy, headquartered in Coquitlam, B.C., is repurposing used EV batteries into moveable power units that are being installed across the country to support buckling infrastructure. Since the start of 2024, the company has made a series of promising deals with partners such as the Vancouver International Airport and the U.S. Internal Revenue Service (IRS).
In a satisfying full-circle business model, Moment Energy purchases used EV batteries from automakers and puts them
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