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BCB 2024 – 30 Under 30

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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Illu s t r a t i o n : J a n ik S ö ll n e r/ N o u n P r oj e c t THE NBOX i When Claus Eckbo first heard of Moment Energy, he was intrigued. For decades, God's Pocket Resort—a remote off-grid lodge near Port Hardy that he purchased in 2019—had relied almost entirely on diesel generators to power the cold- water scuba diving and kayak- ing destination. The generators were noisy and inefficient, and plumes of grey diesel exhaust would mingle with the fresh forest air—less than ideal for an eco-minded getaway. But in the spring of 2023, God's Pocket managed to re- duce its generator runtime by 75 percent—and it was thanks to something urban dwellers had been discarding: used electric car batteries. "We used to run our gener- ators eight to 10 hours a day," says Eckbo, who worked in pri- vate equity and social impact investing prior to taking on the resort. "Now we can strategi- cally charge the batteries while guests are away on a boat. So they never hear a generator during their entire stay, which is mind-blowing." The resort's battery energy storage system was the first commercial project for Mo- ment Energy, a fast-growing B.C. startup that's giving spent EV batteries a second life as usable power systems, primarily in commercial and industrial settings. The company was started by four Simon Fraser University grads who met while studying mechatronics engineering—the combination of mechanical and electronic systems—and formed a team that designed and built a small electric race car for international competition. Surprisingly, most retired EV batteries still have roughly 80 percent of their storage capacity—not enough for EV drivers looking to maximize their range, but still useful in other arenas. "Most people don't realize there's so much potential left in these batteries," says Sum- reen Rattan, co-founder and COO of Coquitlam-based Mo- ment. The key, she explains, is space. Cars only have so much room to accommodate the large, weighty EV batteries, so once their performance dips, you can't simply add more— but properties don't have the same constraints. "So as we got more and more into it, we realized how huge this oppor- tunity is going to be." "Huge" is no overstatement. In December, the federal gov- ernment unveiled the Electric Vehicle Availability Standard, SEIZING THE MOMENT How a B.C. startup is breathing new life into spent EV batteries E N V I R O N M E N T PLAYING GOD God's Pocket Resort near Port Hardy was the first commercial project for Moment Energy, a startup that's turning spent EV batteries into usable power systems by Jennifer Van Evra Jennifer Van Evra is an award-winning Vancouver journalist, broadcaster and UBC writing instructor 9 B C B U S I N E S S . C A A P R I L 2 0 24

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