What Happened

Moment Energy opened Megafactory 1 in Surrey, British Columbia, described as the world's largest EV battery repurposing facility. The company also announced a second megafactory in Texas. This expansion follows a US$40M Series B financing round, bringing total funding to over US$100M. The facility transforms retired EV batteries into stationary energy-storage systems for data centres, hospitals, factories, and microgrids.

Who Is Affected

Data centre operators, hospitals, factories, and microgrid operators are potential customers for Moment Energy's second-life battery storage. Partnerships with Mercedes-Benz Energy and Nissan North America indicate OEM integration complexity. A collaboration with Simon Fraser University explores energy storage for AI and quantum computing. SDRs selling manufacturing ops, supply chain, energy management, or integration software should engage during this facility ramp-up.

Market Impact

• Growing demand for second-life battery storage as EV batteries retire—160 million EVs worldwide represent ~4,900 GWh of capacity.
• Critical mineral retention and reduced reliance on China, which refines over 70% of global critical minerals.
• AI and data centre energy demand increases need for repurposed storage; Moment targets 1 GWh annual production by 2030.
• Urban mining strategy redeploys imported battery resources as domestic energy infrastructure.

What to Watch

Ramp-up of the Texas megafactory and integration with OEM partners like Mercedes-Benz Energy and Nissan. Adoption of the Nova Battery Storage system, which allows individual battery swaps without replacing supporting infrastructure. Expansion of the urban mining approach as local refining capacity develops.

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