Moment Energy has opened the world’s largest EV battery-repurposing facility in the Vancouver area after completing the project in only six weeks.

The plant converts retired EV batteries into battery-energy storage systems for critical infrastructure such as data centres, hospitals, factories and microgrids.

The Coquitlam-based company said Megafactory 1 became operational just six weeks after the project was announced. The facility is expected to produce 1 GWh of battery energy storage systems annually by 2030, creating more than 100 direct jobs and supporting more than 1,000 indirect jobs across British Columbia.

The opening was marked by a ribbon-cutting ceremony attended by customers, partners, investors and government officials, including Randeep Sarai, MP for Surrey Centre and secretary of state (international development), Ravi Kahlon, B.C.’s minister of jobs and economic growth, and Simon Fraser University acting President Dilson Rassier.

Moment said the facility addresses growing electricity demand driven by AI, data centres, electrification and grid modernization while providing a second life for millions of EV batteries expected to be retired across North America in the coming years.

“We announced this project six weeks ago. Today it’s operational,” said Edward Chiang, co-founder and CEO of Moment. “Demand for energy storage is accelerating, and so is the supply of retired EV batteries. We show that the right technology can enable North America to re-onshore domestic manufacturing in weeks, not decades, creating thousands of jobs and economic prosperity.”

The project received a $4.9-million investment from Pacific Economic Development Canada.

“This is exactly the kind of homegrown innovation we want to see scaling up in British Columbia,” said Gregor Robertson, minister of housing and infrastructure and minister responsible for Pacific Economic Development Canada. “With PacifiCan’s $4.9 million investment, Moment Energy is expanding clean manufacturing, creating good local jobs, and finding smart solutions to global challenges. This new facility is not only powering a more sustainable future, it is helping to build a stronger, more resilient economy for British Columbians and all Canadians.”

The megafactory’s completion follows Moment Energy’s recent US$40-million Series B financing, bringing the company’s total funding to more than US$100 million. It also follows the company achieving what it says is the world’s first product safety and functional safety certification for a battery-management system designed specifically for second-life EV battery applications.

Moment is clean-technology company that builds commercial-scale battery energy-storage systems using second-life EV batteries. The company partners with automakers, including Mercedes-Benz Energy, to repurpose retired batteries for use in commercial and industrial energy storage applications across North America.

Pictured: Moment Energy’s recently opened EV battery-repurposing plant in the Vancouver area.

Image: Moment Energy