Mercedes-Benz is supplying second-life batteries for Canadian startup Moment Energy’s energy storage solution (ESS), the automotive player’s second such deal in three months.
The company, through its ESS-focused Mercedes-Benz Energy subsidiary, has partnered with British Columbia-based Moment Energy to supply used batteries for the latter’s 60kWh ESS unit.
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Moment Energy, which describes itself as a second-life ESS provider, has already integrated the batteries into the unit which has a power rating of 40-320kVA. The batteries are nickel-manganese-cobalt (NMC) lithium-ion, according to Moment Energy’s technical specifications page.
It will deploy two of the systems at God’s Pocket Resort, an off-grid diesel-dependent scuba diving resort, later this year.
“Together with Moment Energy we will enable sustainable ESS-solutions for North America based on second-life batteries. We are to combine Mercedes-Benz Energy’s experience with Moment Energy’s pioneering spirit in these exciting times,” said Gordon Gassmann, CEO of Mercedes-Benz Energy.
It is Mercedes-Benz Energy’s third similar announcement in a few months. In March, it signed deal with Norway-based startup Evyon to supply 26MWh of EV battery modules in 2022. The month before that, it tied up with Swedish startup BatteryLoop, in a move that marked the company’s return to the ESS market after a quiet few years.
In a press release, Moment Energy said that second-life batteries typically still have 80% of their capacity when they are removed from EVs. The CEO of UK peer Connected Energy, whom Energy-Storage.news recently interviewed, says that at 75% capacity batteries still have a 10-year lifetime in stationary energy storage.
Moment Energy raised US$3.5 million in seed funding in November last year from lead investor Version One Ventures, along with Fika Ventures, Garage Capital and MCJ Collective.
Its tie-up with Mercedes-Benz Energy comes quickly after another automotive giant, Nissan, partnered with several Tennessee-based organisations to build two BESS projects using second life batteries at its headquarters in the city of Franklin.
This article was updated after publication to include information about the deal with Evyon.