Moment Energy Opens 'World's Largest' Second-Life EV Battery Factory
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- Moment Energy held a ribbon-cutting ceremony on June 23 for Megafactory 1 in Vancouver, BC, which it calls the world's largest second-life EV battery factory and which became operational six weeks after the project was announced.
- Megafactory 1 repurposes retired EV batteries into commercial-scale battery energy storage systems for data centers, hospitals, factories, and microgrids, rather than manufacturing new cells.
- Moment Energy expects the facility 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.
- CEO Edward Chiang said the speed of deployment proves North America can 're-onshore domestic manufacturing in weeks, not decades,' citing accelerating demand for storage and rising supply of retired EV batteries.
- The Canadian government, through Pacific Economic Development Canada (PacifiCan), invested CA$4.9 million in Moment Energy, which earlier this year closed a US$40 million Series B and has raised more than US$100 million in total funding.
- Moment Energy says it became the first company to earn both product safety and functional safety certification for a battery management system designed specifically for second-life EV batteries.
Why it matters: Moment Energy claims to have built and switched on a gigawatt-hour-scale second-life battery plant in six weeks — an unusually fast timeline for energy infrastructure that the company uses to argue North American manufacturing can re-onshore quickly. With 1 GWh of annual capacity planned by 2030 and PacifiCan plus US$100M in total funding behind it, the facility targets a real bottleneck: the first wave of EV batteries reaching retirement age while electricity demand from data centers and critical infrastructure climbs.
