Moment Energy has officially opened Megafactory 1 in Surrey, bringing new battery energy storage manufacturing capacity online just six weeks after announcing the project.
The Vancouver-founded cleantech company says the facility is the world’s largest EV battery repurposing facility, designed to transform retired electric vehicle batteries into energy storage systems for sectors facing rising power demand, including data centres, hospitals, factories and microgrids.
The opening marks another milestone for one of British Columbia’s fastest-scaling climate technology startups. Founded in 2020, Moment Energy has grown from a university-born startup into a second-life battery storage company with operations and customers across North America.
Megafactory 1 comes online as electricity demand continues to climb, driven by artificial intelligence, data centres, electrification and grid modernization. At the same time, a growing number of EV batteries are expected to retire from vehicles in the coming years, creating a potential domestic supply of battery materials that can be reused before recycling.
Moment Energy’s model is built around that opportunity. Rather than sending retired EV batteries directly into recycling streams, the company tests, certifies and repurposes them into commercial-scale battery energy storage systems that can support critical infrastructure and industrial customers.
The company expects the facility to produce 1 GWh of battery energy storage systems by 2030. Moment says the project will create more than 100 direct jobs and support more than 1,000 indirect jobs across British Columbia.
The ribbon-cutting brought together customers, investors, government representatives, industry partners and academia, including Surrey Centre MP Randeep Sarai, B.C. Minister of Jobs and Economic Growth Ravi Kahlon, and Simon Fraser University Acting President Dilson Rassier.
Moment Energy CEO Edward Chiang said the speed of the project shows how quickly domestic clean technology manufacturing can be scaled when energy storage demand and battery supply are moving in the same direction.
The facility follows a busy stretch for Moment Energy. The company recently closed a US$40 million Series B financing, bringing total funding raised to more than US$100 million. It also recently announced what it describes as the world’s first product safety and functional safety certification for a battery management system built specifically for second-life EV battery applications.
Moment has also received support from across B.C.’s innovation ecosystem, including PacifiCan and NorthX Climate Tech. NorthX was one of the company’s earliest investors and has now backed Moment three times.
For B.C.’s technology sector, Megafactory 1 is more than a manufacturing milestone. It is a signal that local climate technology companies can move from research and early deployments to industrial-scale production while staying rooted in the province.
Moment Energy says its second-life battery systems are already deployed in the field and are used to power data centres, hospitals, factories and microgrids across North America. The company also partners with major automakers, including Mercedes-Benz Energy, to put retired EV batteries back to work before they are recycled.
The post Moment Energy Opens World’s Largest EV Battery Repurposing Megafactory appeared first on Techcouver.com.
Moment Energy Opens World’s Largest EV Battery Repurposing Megafactory was first posted on June 24, 2026 at 6:00 am.
©2022 “Techcouver.com“. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at rob@kitsilano.ca
