Moment Energy announced this week that it has become the first company globally to achieve UL 60730-1 functional safety certification for a battery management system designed specifically for repurposed EV batteries.
The Canadian-born cleantech posits that this certification “signals a fundamental shift in the energy landscape.”
Second-life EV batteries are fast becoming a sophisticated, enterprise-grade asset, the company believes.
Beyond the technical milestone, the certification “drastically streamlines” the path to deployment for commercial and industrial customers, according to a statement from the firm.
By setting a gold standard for functional safety, Moment Energy removes the insurance hurdles and permitting complexities that have historically slowed second-life project deployment in populated areas, says Gabe Soares, cofounder and chief technology officer at Moment Energy.
“For too long, the industry viewed second-life batteries as a safety ‘wild west,'” Soares explains.
“This certification reinforces our other safety certifications and proves that with the right technology, repurposed batteries can match purpose-built storage on safety, reliability, and performance,” says the CTO.
“This milestone gives customers, battery OEMs, automakers, utilities, and regulators the confidence to deploy repurposed EV batteries in critical infrastructure without compromise,” Soares stated.
Moment Energy’s broader compliance framework includes UL 1974, UL 1973, and UL 9540.
The Canadian cleantech earlier this month secured $40M in a Series B round of funding led by Evok Innovations with participation from Liberty Mutual Investments, W23 Global Fund, and Acario.
The Series B round brought Moment’s total fundraising to $100M.
Following the announcement, Moment Energy cofounder and chief executive officer Edward Chiang revealed at Web Summit Vancouver that the firm is building the world’s largest battery repurposing facility in Surrey.
Launched in 2019, Moment Energy was recently recognized as a Scale-up Venture of the Year finalist for the inaugural Canadian Cleantech Awards.