Moment Energy has officially inaugurated Megafactory 1, the world’s largest electric vehicle (EV) battery repurposing facility, marking a significant milestone in second-life battery manufacturing and energy storage. Located in Vancouver, British Columbia, the facility was completed on schedule and became operational just six weeks after the project was announced.
The new megafactory converts retired EV batteries into battery energy storage systems (BESS) designed to support critical infrastructure, including data centres, hospitals, manufacturing facilities, and microgrids. By repurposing used EV batteries, the company aims to address the growing demand for reliable electricity while extending battery life and reducing waste.
The inauguration was attended by representatives from government, industry, academia, customers, investors, and partners, underscoring the strategic importance of the project for Canada’s clean energy and manufacturing sectors.
Megafactory 1 comes online at a time when electricity demand is rising rapidly due to the expansion of artificial intelligence (AI), data centres, electrification, and grid modernization. At the same time, millions of EV batteries across North America are expected to reach retirement in the coming years, creating a substantial opportunity for second-life energy storage applications.
Moment Energy expects the facility to produce 1 GWh of battery energy storage systems annually by 2030. The project is also expected to create more than 100 direct jobs and support over 1,000 indirect jobs across British Columbia, strengthening the region’s clean technology manufacturing ecosystem.
Founded in Vancouver in 2020, Moment Energy has grown from a university startup into a global player in second-life battery energy storage with support from both private investors and government initiatives. The company recently secured US$40 million in Series B funding, bringing its total capital raised to more than US$100 million. It also achieved what it describes as the world’s first product safety and functional safety certification for a battery management system specifically developed for second-life EV battery applications.
With Megafactory 1 now operational, Moment Energy is positioning itself to expand domestic battery manufacturing capacity in North America while supporting grid resilience, circular economy initiatives, and the growing deployment of energy storage systems.
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