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MIT Technology Review

Moment Energy and its shipping containers packed with old EV batteries

The startup is betting that repurposing—rather than recycling—used EV batteries will help buoy much-needed US supply.

Tarun Mottlia

Via MIT Technology Review

·Excerpt
Moment Energy and its shipping containers packed with old EV batteries
Image: MIT Technology Review

Then, after two tornadoes tore through parts of Ottawa in 2018, taking hospitals and cell towers offline—and putting the now-CEO through his first full-scale power outage—the foursome sensed an opportunity. The team began disassembling Nissan Leaf batteries in a garage in British Columbia and repackaging them to deliver backup systems to homes and businesses. The battery business was growing quickly: in 2019, just as Moment Energy launched, battery storage capacity was expected to balloon 40 times by 2040.

Today, their…

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