Vancouver’s Moment Energy has been awarded USD $20.3 million by the U.S. Department of Energy (DOE) to establish the first certified EV battery repurposing facility in the United States.
The award to the leader in repurposing electric vehicle (EV) batteries is part of the Biden-Harris Administration’s $428 million initiative to bolster domestic clean energy manufacturing, particularly in communities transitioning from coal-based industries.
The state-of-the-art Gigafactory, which will be built in Taylor, Texas, represents a significant milestone in the journey toward creating a sustainable future for EV batteries. The facility will adhere to UL 1974 certification standards, ensuring the highest level of safety and reliability in repurposed battery energy storage systems.
Once fully operational, Moment Energy’s Gigafactory will have an annual production capacity of 1 GWh, producing energy storage systems made from repurposed EV batteries. The project is expected to create over 250 jobs—50 during construction and 200 permanent positions once the facility is complete. Work is set to begin in the first quarter of 2025.
“We are honored to be selected for this transformative initiative,” said Edward Chiang, CEO of Moment Energy. “Our mission to provide worldwide access to clean, affordable, and reliable power aligns perfectly with the DOE’s goals, and this facility will be instrumental in our commitment to enable all retired EV batteries to be repurposed by 2030.”
As North America’s first and only company to achieve UL 1974 certification for repurposing EV batteries, Moment Energy has developed one of the world’s most advanced second-life battery repurposing facilities and datasets.
The company is also developing a proprietary AI management system that will enable all battery energy storage to become safer and longer lasting, to advance its vision of enabling all EV batteries to be repurposed by 2030.
Moment Energy was named one of 10 homegrown companies to watch in 2022 by Techcouver and was named to the Global Cleantech 100 list earlier this year.
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