Tech

Moment Energy and its shipping containers packed with old EV batteries

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/10/2026, 11:20:25 UTC.

Briefings

Moment Energy, founded in 2019 in Vancouver, Canada, repurposes EV batteries into grid storage systems to bypass China-dominated supply chains. The company's four founders, who previously raced electric cars, began this work after a 2018 power outage in Ottawa. By 2026, the company had deployed 11 systems, including hospitals and airports, and plans to build a Megafactory 1 in Vancouver to process one gigawatt-hour annually by 2030. Key indicators show repurposing extends battery life by 10-30 years and reduces global warming potential compared to recycling, though the company notes it currently sources batteries from only 20 car companies and faces competition from cheaper Chinese imports.

Key points

• Moment Energy's four founders met while studying mechatronics engineering and worked together on a team that built and raced electric cars before founding the company in 2019.
• The company plans to build a Megafactory 1 in Vancouver, Canada, to process one gigawatt-hour of battery capacity annually by 2030, marking it as the world's largest facility for repurposing EV batteries.

Context and limitations

Coverage is limited to the company's current operations and plans up to 2030; data on future scaling, specific financial figures beyond early 2026, and the impact of ongoing US-China trade tensions remain uncertain.

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