Retired electric vehicle batteries are finding a new role in energy infrastructure, and a Canadian facility built to scale that transition has earned international recognition.
Moment Energy’s Megafactory 1 has been named to TIME’s Best Inventions of 2026, putting the Surrey, B.C. operation’s approach to battery reuse in the spotlight.
The facility transforms retired EV batteries into commercial energy storage systems for applications including hospitals, factories, data centres and microgrids. Moment Energy says the operation is expected to produce one gigawatt-hour of battery energy storage systems by 2030.
Its approach centres on extending the useful life of batteries before recycling. By sourcing batteries already in North America and repurposing them domestically, the company aims to expand storage availability while retaining valuable battery resources within the region.
Moment Energy’s manufacturing process encompasses battery intake, testing, integration and deployment. The company positions repurposing as a faster, lower-cost route to adding storage capacity than manufacturing new batteries from scratch.
As CleanEnergy.ca previously reported, Megafactory 1 opened in June amid growing interest in energy resilience and domestic supply chains. Its target markets face rising electricity requirements driven by electrification, artificial intelligence and grid modernization.
The model also has applications in renewable energy integration. Moment Energy’s stationary storage systems can store renewable electricity and help improve grid resilience, giving batteries a productive role beyond transportation.
For Canada’s clean energy sector, the recognition draws attention to battery reuse as a manufacturing opportunity: turning existing battery resources into infrastructure that can support the next phase of electrification.