Moment Energy to Build World's Largest Second-Life EV Battery Factory in Vancouver in 6 Weeks

Moment Energy announced on May 13, 2026 that it will construct the world's largest second-life EV battery repurposing megafactory in Vancouver, British Columbia — targeting completion in just six weeks. The Vancouver facility complements the company's 200,000 square foot primary gigafactory currently under construction near Austin, Texas. Moment Energy raised $40 million in a Series B funding round (closed May 5) led by Evok Innovations, with Liberty Mutual Investments, W23 Global, and Tokyo Gas's Acario division participating. Second-life battery repurposing involves disassembling retired EV battery packs and reconditioning or repackaging cells for use in stationary grid storage applications — data centers, hospitals, and commercial buildings — at substantially lower cost than manufacturing new cells. The BC facility will process retired battery packs from Canadian EV fleets (buses, commercial vehicles) that are reaching end-of-first-life after 8–12 years of operation. Moment Energy's model addresses two simultaneous challenges: the growing volume of EV batteries reaching end-of-first-life and the acute demand for affordable grid storage capacity from AI data centers and critical infrastructure operators.