A Vancouver cleantech company is scaling up a new approach to energy storage at a moment when power demand is rising across North America.
Moment Energy has officially opened Megafactory 1 in Surrey, B.C., a facility the company says is the world’s largest EV battery repurposing facility. The site will turn retired electric vehicle batteries into commercial-scale battery energy storage systems for customers that need reliable, rapidly deployable power.
The facility comes online as electricity demand is being pushed higher by artificial intelligence, data centres, electrification and grid modernization. Moment Energy is positioning second-life batteries as a near-term way to help meet that demand while extending the useful life of battery materials already circulating in North America.
Instead of treating retired EV batteries as waste, Moment Energy repurposes them into battery energy storage systems that can support critical infrastructure, including data centres, hospitals, factories and microgrids. The company says its systems are fully certified across the UL safety stack and already deployed in the field.
Megafactory 1 was completed just six weeks after the project was announced, adding domestic manufacturing capacity for battery energy storage at a time when energy resilience and supply chain security are becoming bigger priorities for governments, utilities and industrial customers.
The facility is expected to produce 1 GWh of battery energy storage systems by 2030. Moment Energy says the project will create more than 100 direct jobs and support more than 1,000 indirect jobs across British Columbia.
The project also highlights the growing link between clean energy and digital infrastructure. As data centres and AI workloads place new pressure on power systems, energy storage is becoming a more important part of the electricity infrastructure needed to support economic growth without relying solely on new generation.
Moment Energy’s approach addresses another challenge at the same time: the coming wave of retired EV batteries. As more electric vehicles reach the end of their first life on the road, companies and policymakers are looking for ways to keep batteries in productive use before recycling. Second-life storage gives those batteries another role in the energy system.
The Vancouver facility follows several recent milestones for Moment Energy, including a US$40 million Series B financing that brought its total funding raised to more than US$100 million. The company also recently announced a safety certification milestone for battery management technology designed specifically for second-life EV battery applications.
Moment Energy has received support from both public and private backers, including PacifiCan and NorthX Climate Tech. The company was founded in Vancouver in 2020 and has grown into one of Canada’s most closely watched second-life battery storage companies.
The company partners with major automakers, including Mercedes-Benz Energy, to source retired EV batteries and put them back to work before they are recycled.
For Canada’s clean energy sector, the opening of Megafactory 1 is a sign that battery repurposing is moving beyond pilots and into industrial-scale manufacturing. It also gives British Columbia a larger role in the North American energy storage supply chain at a time when demand for reliable, affordable and lower-carbon power continues to accelerate.