VIDEO: World’s largest EV battery repurposing factory opens in Vancouver
Transforming retired EV batteries into 1 GWh of battery energy storage systems creates a solution to a critical recycling need
Moment Energy officially opened Megafactory 1, the world's largest EV battery repurposing facility, bringing domestic battery energy storage manufacturing capacity online just six weeks after announcing the project.
The now operational facility transforms retired EV batteries into cost-effective, rapidly deployable energy storage systems that support critical infrastructure, including data centres, hospitals, factories, and microgrids.
Scaling stable recycling solutions to create new energy sources
The Megafactory opening was marked with a ribbon-cutting ceremony attended by customers, partners, investors, leaders from government, industry, and academia, including the Honourable Randeep Sarai, Member of Parliament for Surrey Centre and Secretary of State (International Development); Ravi Kahlon, British Columbia's Minister of Jobs and Economic Growth; and Dilson Rassier, acting president of Simon Fraser University.
The facility comes online as electricity demand continues to surge, driven by AI, data centres, electrification, and grid modernization. At the same time, millions of EV batteries already on North American roads are expected to be retired over the coming years. Moment Energy addresses both challenges by turning retired batteries into highly scalable energy storage systems that offer an immediate solution to energy shortages.
The facility is expected to produce 1 GWh of battery energy storage systems by 2030, creating more than 100 direct jobs and supporting more than 1,000 indirect jobs across British Columbia.
"We announced this project six weeks ago. Today it's operational," said Edward Chiang, co-founder and CEO of Moment Energy. "Demand for energy storage is accelerating, and so is the supply of retired EV batteries. We show that the right technology can enable North America to re-onshore domestic manufacturing in weeks, not decades, creating thousands of jobs and economic prosperity."
"This is exactly the kind of homegrown innovation we want to see in British Columbia," said the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada (PacifiCan). "With PacifiCan's $4.9 million investment, Moment Energy is expanding clean manufacturing, creating good local jobs, and finding smart solutions to global challenges. This new facility is not only powering a more sustainable future, it is helping to build a stronger, more resilient economy for British Columbians and all Canadians."
