en.Wedoany.com Reported - Canadian clean energy company Moment Energy has announced that its facility in Vancouver, British Columbia—the world's largest battery repurposing facility—will be completed within six weeks and is expected to be fully operational by the end of June. The project previously completed a $40 million Series B funding round, bringing its total funds raised to over $100 million.
The facility, which the company calls a "Gigafactory," employs a vertically integrated operational model covering the entire process from battery receiving, testing, and integration to deployment. Moment Energy plans to refurbish retired electric vehicle batteries for use in commercial-scale stationary energy storage systems. To enhance sustainability, the company exclusively uses batteries from North America to shorten the supply chain and reduce transportation carbon emissions.
The factory is one of the few facilities globally to receive UL 1974 certification, a safety standard specifically for the repurposing of used batteries. The company expects to reach a production capacity of 1 GWh by 2030 and directly create 100 skilled jobs.
Electric vehicle batteries have a lifespan of approximately 10 to 20 years, and thousands of batteries from the EV wave of the 2010s are now successively reaching retirement. The company estimates that hundreds of gigawatt-hours of traction batteries will reach the end of their automotive service life over the next decade. Converting them into stationary energy storage is lower cost and faster than building new battery units. Although the sorting and testing process is resource-intensive due to significant variations in battery condition, chemistry, and degree of degradation, Moment Energy has already deployed its systems in data centers, hospitals, factories, and microgrids across multiple locations in North America, with Mercedes-Benz Energy as one of its supplier partners.
Data centers represent one of the fastest-growing vertical sectors in North America, making sustainable power supply a core industry issue. With the expansion of artificial intelligence infrastructure, the growth rate of electricity demand will far outpace grid expansion capacity in the short term. Second-life battery energy storage systems can provide data centers with an energy storage solution that does not require lengthy waiting periods. Moment Energy is poised to become an important partner for data center operators through this opportunity.
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