NorthX invests $3M in Moment Energy

NorthX invests $3M in Moment Energy

NorthX Climate Tech has made a $3-million follow-on investment in Moment Energy, a B.C.-based battery energy storage company that repurposes retired electric vehicle batteries into energy storage systems. The investment will provide working capital to support the deployment of multiple battery storage projects in British Columbia under BC Hydro’s Energy Storage Incentive program. The funding is intended to help cover upfront project costs until …

NorthX Invests $3 Million In Moment Energy To Help Unlock B.C.’s Battery Storage Market

NorthX Climate Tech is doubling down on Moment Energy with a $3 million follow-on investment aimed at helping the Vancouver-area battery storage company deliver its first projects under BC Hydro’s Energy Storage Incentive program. The investment marks NorthX’s third commitment to Moment Energy since 2022, bringing its total backing of the B.C.-based company to nearly $4.5 million. Moment Energy repurposes retired electric vehicle batteries into …

NorthX Climate Tech invests $3M in Moment Energy Inc.

VANCOUVER — NorthX Climate Tech (NorthX) announced a $3 million follow-on investment in Moment Energy Inc., a BC-based battery energy storage company that repurposes retired electric vehicle batteries into clean energy storage systems. This is NorthX’s reported third investment in Moment Energy, bringing its total commitment to the company to nearly $4.5 million since 2022. The investment is meant to support Moment Energy’s work in delivering an…