Company plans to launch energy storage systems in the USThe startup plans to repurpose used Nissan Leaf batteries into grid-connected storage systems to reduce reliance on Chinese supply chains.
MIT Technology ReviewDeep Tech
- Field
- tools and releases
- What they did
- Moment Energy is developing a system to repurpose old electric vehicle batteries into new energy storage units for power grids, bypassing traditional recycling methods.
- Why it matters
- This will help build a domestic supply chain in the US, as demand for energy storage is expected to grow eightfold over the next decade, while current supplies rely heavily on China.
#energy storage#ev batteries#supply chain#repurposing
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