• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Techcouver.com

 
 
  • News
  • Events
  • Interviews
  • Thought Leadership
  • Jobs
  • About
    • Contact Us

Moment Energy Achieves Full-Scale Production at Battery Repurposing Hub in Coquitlam

July 3, 2025 by Knowlton Thomas Leave a Comment

Earlier this year, Vancouver’s Moment Energy announced a $21.6 million Series A funding round.

The investment, co-led by the Amazon Climate Pledge Fund and Voyager Ventures, positioned Moment Energy to accelerate its mission of transforming retired electric vehicle batteries into battery energy storage systems.

“Over the past six years, Moment has worked closely with leading automakers to develop the safest and most advanced energy storage system on the market,” chief executive officer Edward Chiang remarked this week.

Moment Energy’s BESS technology—scalable from 400 kilowatt hours to 10 megawatt hours—caters to commercial and industrial sectors, EV charging infrastructure, and renewable energy integration projects.

“This funding marks a pivotal milestone for Moment Energy, enabling us to further advance our operations and lead the charge in transforming retired EV batteries into valuable battery energy storage systems,” Chiang stated in January.

Part of the capital went toward doubling the size of Moment’s headquarters in Vancouver, where the Canadian cleantech has brought its manufacturing hub to full-scale to deliver Luna energy systems across North America. The Luna system stores energy during off-peak hours and discharges it during peak demand.

“Now with North America’s first UL 1974-certified facility repurposing batteries at scale, we’re able to take a crucial step toward securing critical battery material retention and modernizing the world’s grid,” said Chiang.

In addition to the Metro Vancouver production site, Moment Energy operates a gigafactory in the United States. Backed by a US$20 million grant from the U.S. Department of Energy in 2024, the facility is the world’s first dedicated to repurposing EV batteries.

The global battery energy storage market is projected to surpass $150 billion by 2030, an estimate from McKinsey & Company suggests.

“North America is seeing a major upswing in demand for battery energy storage, especially from commercial and industrial users,” says Gurmesh Sidhu, a cofounder of Moment Energy.

“We’re responding to urgent needs in sectors like healthcare and transportation, where reliable power is not optional but essential,” he says.

Moment Energy was founded in 2020.

Filed Under: News Tagged With: Moment Energy

 
 

About Knowlton Thomas

Knowlton Thomas is Editor-in-Chief of The Midway Advance and Senior Writer for Techcouver. Over more than a decade of journalism, he has penned thousands of articles and dozens of essays on technology, health, and culture across a variety of publications.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

 
 

Stay Connected

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter

Community Partners

About Us

Techcouver provides real-time reporting and analysis of emerging technology news in Vancouver and throughout British … READ MORE... about About Us

Copyright © 2025 Incubate Ventures | Techtalent.ca · Decoder.ca · Calgary.tech · Fintech.ca · CleanEnergy.ca | Privacy