What Happened

Moment Energy launched the world's largest EV battery repurposing facility in Surrey, BC, on June 23, 2026. The $40M facility, funded by a Series B round and investments from NorthX Climate Tech and Pacific Economic Development Canada, aims to produce 1 GWh of battery energy storage systems by 2030.

Who Is Affected

The facility impacts EV manufacturers, energy storage providers, and infrastructure sectors like data centers, hospitals, and microgrids. It also creates over 100 direct jobs and supports 1,000 indirect jobs across British Columbia.

Market Impact

• Addresses rising energy demand driven by AI, data centers, and grid modernization.
• Provides a scalable solution for millions of retiring EV batteries in North America.
• Re-onshores domestic manufacturing, creating economic growth and job opportunities.

What to Watch

Monitor Moment Energy's production milestones and partnerships with EV manufacturers and infrastructure providers. Watch for further investments in energy storage solutions as demand accelerates.