Moment Energy Launches World’s Largest EV Battery Repurposing Plant

The facility reached operational status on June 23, 2026, marking a rapid expansion for the British Columbia startup. By converting aging batteries into scalable storage solutions, Moment Energy intends to alleviate grid pressure caused by the surging energy demands of artificial intelligence and electrification. The company projects an annual output of 1 GWh of storage capacity by 2030, a move expected to generate over 100 direct jobs and support an additional 1,000 indirect roles within the regional economy.

CEO Edward Chiang highlighted the speed of the deployment as a blueprint for domestic manufacturing, noting that the company transitioned from announcement to production in less than two months. The project received significant backing, including a $4.9 million investment from PacifiCan and capital from NorthX Climate Tech. This launch follows a $40 million Series B funding round, bringing the firm's total capital raised to over $100 million. The company currently holds the industry's first safety certification for second-life battery management systems, a key milestone in its partnership with automakers like Mercedes-Benz Energy.