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Moment Energy plans to build the world's largest battery repurposing facility in Vancouver in just six weeks, with the aim of starting operations in June.
Fresh off a US$40-million fundraise a week ago, the Coquitlam-based company said it expects to reach production capacity of one gigawatt-hour (gW-h) of battery systems by 2030 by reusing discarded electric vehicle (EV) batteries. Moment anticipates hiring more than 100 skilled workers in the first five years of the facility's operations.
The boost to its manufacturing will allow Moment to meet increasing demand for energy storage from data centre operators, industrial clients and utilities, the company said in a release Wednesday afternoon.
"This is about building the infrastructure needed to support the next generation of energy demand," Edward Chiang, CEO and co-founder of Moment, said.
"We are proud to establish this facility in Canada, the country where Moment Energy was founded, to foster domestic manufacturing," he continued. "This scaling solution utilizes existing battery resources to deliver the reliable, affordable power that is so crucial right now."
Sustainable Biz Canada has reached out to Moment for comment. We will update this article with any additional information if it becomes available.
Giving EV batteries a new life
Moment refurbishes used EV batteries and fits them into scalable enclosures, giving those batteries a second life as energy storage devices. Its products include Full Luna and Half Luna, equipment with one megawatt-hour or 400 kilowatt-hours of capacity, respectively.
Moment’s business offers a way to divert an EV battery waste stream that is anticipated to swell in the coming years. As more EVs hit the roads, millions of batteries will be thrown away as they lose range beyond what is desirable.
Instead of trashing or recycling hundreds of gigawatt-hours of batteries, Moment is promoting a solution to quickly and sustainably reuse the devices. The company says its pack-swapping architecture can double a battery system’s lifespan to 30 years.
The Vancouver facility is designed to operate as a fully vertically integrated system, Moment said, managing the life cycle “from battery intake and testing through to integration and deployment.” This, the company added, ensures a domestic supply chain for batteries.
Moment’s Texas gigafactory
The proposed facility is to supplement Moment’s manufacturing hub in Metro Vancouver, which entered full-scale production last year.
Moment has grander plans in Texas, where it has set the groundwork for a 200,000-square-foot gigafactory in Taylor. The facility is expected to be operational in 2028 and provide up to two gW-h of energy storage systems per year.
"We're working with pretty much every automaker as their trusted partner," Chiang said in an interview with Sustainable Biz Canada in 2025 about its Texas plans. "Honestly, we have more than enough supply than we know what to do with. We only pay if the automaker has disassembled these batteries and ensured a certain quality."
Moment's investors include Evok Innovations, Liberty Mutual Investments, W23 Global Fund, Acario, Amazon’s Climate Pledge Fund, Voyager Ventures and In-Q-Tel.
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