Are home energy costs affecting your business?

This issue extends beyond residential consumers, significantly impacting businesses as well. TexasElectricityRatings’ recent report, Home Energy Costs by State, 2024, sheds light on the drivers behind these rising costs and offers a detailed look at which states are most and least affordable when it comes to energy.

Can moment energy win over forgotten customers?

Moment Energy’s thesis is that it can win over those forgotten customers by cutting the upfront price for energy storage. At scale, the containers of carefully vetted used batteries can deliver energy storage at 30 percent lower cost than an equivalent set of newly manufactured batteries, Rattan said.

Can used batteries save energy?

At scale, the containers of carefully vetted used batteries can deliver energy storage at 30 percent lower cost than an equivalent set of newly manufactured batteries, Rattan said. And customers with sustainability goals appreciate a product that doesn’t require new mining and keeps batteries out of the waste stream.

Where is moment energy based?

In late October, the startup won a $20 million grant from the U.S. Department of Energy to build a factory in Taylor, Texas, to produce shippable containers of previously loved batteries. Four founders launched Moment Energy in an actual home garage in British Columbia back in 2020.

Why is moment energy's Texas factory so important?

Which is why Moment Energy's grant-funded Texas factory is so notable. The company plans to produce up to 1 gigawatt-hour of storage products there each year, easily making the facility the largest of its kind in the U.S.

When will moment energy start building a factory?

Moment Energy still needs to finalize loan terms with the DOE in the coming months. That should allow factory design and development to begin in earnest in early 2025; the goal is to get the facility online within two years, though an exact date is to be determined, Rattan said.