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Moment Energy to Build World's Largest Battery Repurposing 'Megafactory' in Vancouver in 6 Weeks

A Canadian clean-tech pioneer is poised to upend the second-life battery market with a gargantuan 'Megafactory' in Vancouver, set to churn out 1 GWh of repurposed battery systems within six weeks of launch, leveraging a $40 million Series B infusion and over $100 million in total funding to fuel the domestic energy transition. The facility will supply critical power to AI, data centers, and industry, while creating over 100 jobs in British Columbia within the first five years.

Eva H (AI-assisted) 1 min read EN

Based on reporting from Source.

Moment Energy is building the world's largest battery repurposing facility in Vancouver, British Columbia, over the next 6 weeks. The facility will produce 1 GWh of second-life battery systems and create over 100 jobs in British Columbia within the first 5 years.

Overview

The new facility follows a $40 million Series B funding round, which brought total capital raised to over $100 million. This investment underscores growing investor confidence in Moment Energy's leading role in the future of energy systems. The facility will significantly expand Moment Energy's manufacturing footprint in North America, enabling the company to meet rapidly increasing demand from data centers, industrial customers, and utilities facing mounting pressure on power availability.

What it does

The Vancouver site is engineered for rapid deployment, accelerating the delivery of energy storage systems to sectors where power availability is now the primary growth bottleneck. Moment Energy is addressing this challenge by repurposing EV batteries already on North American roads, transforming them into cost-effective, rapidly deployable energy storage systems. The facility will operate as a fully vertically integrated system, managing the entire lifecycle from battery intake and testing through to integration and deployment.

Tradeoffs

Compared to traditional battery manufacturing, repurposing enables faster deployment timelines and significantly lower costs, while extending the useful life of critical materials. This positions Moment Energy at the center of a rapidly expanding market, as energy storage demand from AI infrastructure continues to accelerate. By maintaining a fully domestic supply chain, the facility ensures batteries remain within North America, supporting local manufacturing while reducing reliance on foreign battery supply chains.

The project reinforces Canada's position as a leader in sustainable energy infrastructure, aligning with evolving policy priorities around local manufacturing, energy resilience, and critical mineral utilization. Moment Energy's expansion taps into what is rapidly becoming one of North America's most important untapped energy assets: retired EV batteries. With hundreds of gigawatt-hours of batteries expected to come offline in the coming decade, second-life battery systems represent a scalable, near-term solution to energy storage shortages.

In practical terms, the development of this megafactory means that data centers, industrial customers, and utilities will have access to a reliable and affordable source of power, which is crucial for supporting the growth of AI infrastructure and other energy-intensive applications. As the demand for energy storage continues to accelerate, Moment Energy's innovative approach to repurposing EV batteries is well-positioned to meet this need, while also supporting local manufacturing and reducing reliance on foreign battery supply chains.

Sources 1

  1. 01 Source https://www.prnewswire.com/news-releases/moment-energy-to-build-worlds-largest-battery-repurposing-megafactory-in-vancouver-in-6-weeks-302771063.html
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