en.Wedoany.com Reported - Moment Energy has officially launched the world's largest electric vehicle battery reuse facility—Megafactory 1—in Vancouver, British Columbia, Canada. The facility became operational just six weeks after the project was announced, achieving rapid deployment of domestic battery energy storage manufacturing capacity.

This operational factory converts retired electric vehicle batteries into rapidly deployable energy storage systems to support critical infrastructure such as data centers, hospitals, factories, and microgrids. The factory comes online amid a sustained surge in electricity demand, while millions of electric vehicle batteries are expected to retire from North American roads in the coming years. Moment Energy aims to address both challenges by transforming retired batteries into highly scalable energy storage systems to alleviate power shortages.

Since its founding in Vancouver in 2020, Moment Energy has benefited from private and government support within British Columbia's innovation ecosystem, evolving from a university-incubated startup into a global leader in second-life battery energy storage. The completion of this superfactory follows the company's recent $40 million Series B funding round, bringing its total funding to over $100 million. Previously, the company also obtained the world's first product safety and functional safety certification for a battery management system specifically designed for second-life electric vehicle battery applications.