To build Canada’s clean economy, “Budget 2023” makes transformative investments.
This includes significant measures that aim to deliver cleaner and more affordable energy, support investments in communities, and create well-paying jobs throughout the province.
Gudie Hutchings, Minister of Rural Economic Development, this week highlighted Budget 2023’s investments in building a clean economy while visiting Moment Energy in Coquitlam.
“Budget 2023 is our plan to make life more affordable, strengthen public health care, and build a stronger, more sustainable and more secure Canadian economy—for everyone,” stated Hutchings at the headquarters of Moment Energy, founded in 2020.
“Investments in low-cost clean electricity will help create hundreds of thousands of middle-class jobs, provide the energy we need to power not only our daily lives but also the entire Canadian economy, and provide more affordable energy to Canadian homes, whether they are in Coquitlam, Halifax, or my home community of rural Newfoundland and Labrador,” Hutchings added during a tour of Moment’s facility.
The clean-tech startup is having a moment, so to speak, having just won Startup of the Year at the fourth annual BC Cleantech Awards, powered by Foresight Canada.
RELATED: Moment Energy is hiring
“With the climate crisis becoming more tangible each day, it’s the continued innovation and collaboration of these inspiring leaders who are pushing cleantech innovation forward in British Columbia and helping us meet our climate moonshots,” Jeanette Jackson, CEO of Foresight Canada, stated at the time.
The award followed up recognition on the Global Cleantech 100, a list of innovative and promising clean technology companies.
Earlier this year, Moment assisted a BC resort, the off-grid God’s Pocket in Port Hardy, with a second-life battery solution to help the unique retreat achieve higher levels of sustainability.
Moment’s Flora system offers the resort “unparalleled flexibility, scalability, and cost savings,” thanks to its previous life as an electric vehicle battery.
Cofounder Gurmesh Sidhu called it “a great example of how our innovative energy storage system can provide reliable and affordable energy to off-grid locations and help contribute to the transition to a more sustainable future.”
Some of Moment Energy’s second-life batteries hail from electric Mercedes vehicles, having established a partnership with the overseas automotive brand in 2022.
Founded by Edward Chiang, Sumreen Rattan, Gabriel Soares, and Sidhu, Moment Energy raised a $3.5 million seed round in 2021 led by Vancouver’s Version One Ventures.
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