Coquitlam, BC – April 26, 2024 — Moment Energy, North America's leading EV battery repurposing company, proudly announces a special visit by Minister Jonathan Wilkinson, Minister of Energy and Natural Resources of Canada, and Minister Rechie Valdez, Minister of Small Business of Canada, to its headquarters today. This meeting demonstrates the strategic partnership between the Canadian government and the cleantech sector, highlighting Moment Energy’s role as a pivotal player in providing worldwide access to clean, affordable, and reliable power.

‍

During the meeting, Gurmesh Sidhu, co-founder and Chief Product Officer of Moment Energy, alongside the ministers, delved into British Columbia’s strategy to uphold its leadership in cleantech innovation. The discussion covered new support mechanisms for the sector, including Investment Tax Credits (ITCs), emphasising how these initiatives can propel technological advancements and economic growth.

“The participation of federal leaders in discussions around cleantech innovation is an encouraging step forward,” said Gurmesh Sidhu. “Minister Wilkinson’s visit gives us the platform to discuss how the Canadian government's support through funding bodies like NRCan can help Clean Tech companies like Moment Energy further develop our technology. We look forward to continuing to deploy projects with Canadian utilities to provide clean, affordable, and reliable power for all Canadians.”

Moment Energy’s groundbreaking efforts in repurposing electric vehicle batteries into energy storage systems are not just a key component of Canada’s cleantech strategy, but a beacon of innovation on the global stage. These efforts attract international attention and drive economic development and sustainable practices locally.

About Moment Energy

‍Moment Energy is North America's leading EV battery repurposing company creating clean, affordable, and reliable battery energy storage systems (BESS) by repurposing retired electric vehicle batteries. We work with major automotive companies, including Mercedes Benz Energy, to support circular economy goals and ensure their batteries are safely used in second-life applications before they are recycled. We help utilities, microgrids and commercial customers improve grid reliability, power EV charging stations and reduce demand charges, all with a sustainable and performant BESS solution made from repurposed EV batteries.

‍