en.Wedoany.com Reported - Moment Energy has officially launched Megafactory 1, which the company claims is the world's largest electric vehicle battery repurposing facility, achieving operational status just six weeks after announcing the project and bringing domestic battery energy storage manufacturing online.
The facility converts retired electric vehicle batteries into battery energy storage systems, supporting critical infrastructure such as data centers, hospitals, factories, and microgrids, while extending battery lifespan before they enter the recycling stage.
The facility's launch comes as North American electricity demand continues to grow due to artificial intelligence, data center expansion, electrification, and grid modernization. At the same time, an increasing number of electric vehicle batteries are expected to reach the end of their automotive life in the coming years.
Moment Energy states that its repurposing technology addresses both challenges by converting retired batteries into scalable energy storage systems, offering faster deployment and lower costs compared to manufacturing entirely new systems.
The company expects the facility to produce 1 GWh of battery energy storage systems annually by 2030, creating over 100 direct jobs in British Columbia and supporting more than 1,000 indirect jobs.
Edward Chiang, co-founder and CEO of Moment Energy, said the facility became operational just six weeks after the project was announced, noting that energy storage demand is accelerating and the supply of retired EV batteries is increasing in tandem, with the right technology enabling North America to reshore domestic manufacturing within weeks.
Since Moment Energy was founded in Vancouver in 2020, the project has received support from private investors and government programs. Canada's Minister of Housing, Infrastructure and Communities and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), Gregor Robertson, stated that PacifiCan's investment of CAD 4.9 million is helping expand clean manufacturing, create local jobs, and strengthen Canada's clean energy economy. Sarah Goodman, President and CEO of NorthX Climate Tech, said the company has supported Moment Energy since its early days and has invested in the startup three times.
The completion of this facility follows Moment Energy's USD 40 million Series B funding round, bringing the company's total capital raised to over USD 100 million. The company also recently obtained what it claims is the world's first product safety and functional safety certification for a battery management system specifically designed for second-life electric vehicle battery applications. Moment Energy partners with major automakers, including Mercedes-Benz Energy, to convert retired EV batteries into commercial-scale energy storage systems. The company says its fully certified systems have been deployed across North America, supporting applications from hospitals and factories to data centers and microgrids, using batteries originally manufactured in Texas and British Columbia.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
