Moment Energy

Market position

Moment Energy describes itself as the first and only company building commercial-scale battery energy storage from second-life EV batteries that is fully compliant with safety standards and deployable in the built environment. Its CEO argues that competing second-life firms test against but do not obtain UL certifications, and points to insurability as a differentiator. The company was named to the Global Cleantech 100 in 2024 and 2026. Chinese manufacturers are cited as supplying roughly 72% of the global market, per BNEF figures referenced in press coverage.

Stated differentiators are holding actual UL 1973, UL 9540, UL 9540A and UL 1974 certifications for repurposed battery systems rather than only testing to them; replacing automaker battery management systems with proprietary software rather than leaving them intact; modular architecture supporting mixed chemistries; pack-swapping for extended lifespan; FEOC compliance and insurability; and high energy density of up to 164 MWh per acre.

Technology

Moment Energy strips automaker battery management systems from retired EV packs and replaces them with its own control software, integrating modules into modular racks that support multiple battery chemistries. Systems are validated across cell, module and rack levels against UL 1973 Annex E, UL 9540A and UL 9540 standards, with UL 1974 certification for the repurposing process. Each deployed system connects to a secure cloud platform for 24/7 monitoring, data logging, alarms and environmental tracking. The company designs for 10+ years of commercial service life, stating repurposing unlocks an additional 10-15 years of useful battery life, and cites a pack-swapping architecture that extends total system life to about 30 years.

Go-to-market

Direct enterprise sales supported by consultative energy assessments (evaluating consumption, peak demand and ROI), white papers and webinars, industry events, and distribution and channel agreements such as the arrangement with Saskatchewan Renewable Energy Solutions. Partnerships with utilities and institutions (Hydro Ottawa and BluWave-ai, Simon Fraser University, Copec, Pulsenics) and participation in programs such as the AWS Clean Energy Accelerator support pipeline development.

Commercial and industrial facilities, utilities, data centers, hospitals, factories, microgrids, public institutions, transportation operators (including airports and EV fleets), food and beverage, paper and forestry, and manufacturing sites, plus off-grid operations such as remote resorts and defence camps.

Geography

Headquarters and manufacturing in Surrey, British Columbia (12855 King George Blvd), with additional US presence; the Series B announcement was datelined Austin, Texas, where the company is building a gigawatt-scale factory. Deployments are concentrated in Canada, including remote British Columbia sites, with systems described as powering facilities across North America. A battery repurposing megafactory is also planned in Vancouver.

History

After its 2019 founding, Moment Energy secured a supply-chain relationship with Nissan North America in 2020 and deployed its first off-grid project at Quadra Island in May 2021. It closed a CAD 3.5 million seed round in November 2021, added a Mercedes-Benz Energy second-life battery supply agreement in July 2022, and deployed at God's Pocket Resort in March 2023. In October 2023 it became the first North American company to achieve UL 1974 certification. In 2024 it deployed with TUGLIQ Energie for the Canadian Department of National Defence, was awarded CAD/US funding to build a gigawatt-hour scale repurposing facility, and received US$20.3 million from the US Department of Energy. A US$15 million Series A followed in January 2025, its BC manufacturing hub reached full-scale production in June 2025, and further non-dilutive and debt financing arrived in 2025 from PacifiCan and TD Innovation Partners. A $40 million Series B closed in May 2026, followed by announcements of a Vancouver megafactory and completion of Megafactory 1 in June 2026.

Risks & controversies

The company's CEO has publicly criticized unnamed competitors for leaving automaker battery management systems in repurposed packs, arguing this can render systems uninsurable or costly to insure. Press coverage notes the company remains small (about 72 employees) while scaling capital-intensive gigafactory construction, and that geopolitical supply chain concentration and grid constraints shape its market. Several performance and market claims originate from the company itself.