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    Big Moment: EV Battery Repurposing Startup Gains $20.3M DOE Grant to Build Up Texas Manufacturing

    Nov. 8, 2024
    The funding will be utilized to construct a gigafactory in Taylor, Texas aiming for an annual production capacity of 1 GWh once fully operational.
    Image credit Moment Energy
    672e13a0cf149e52cf0f2093 Momentenergybatterysolutioncopy

    Moment Energy, a North America EV battery repurposing company, has secured a $20.3 million grant by the U.S. Department of Energy (DOE) to build a manufacturing facility for repurposing EV batteries in the U.S.

    Moment Energy will use the funding to construct a gigafactory in Taylor, Texas and produce safe, reliable, and affordable battery energy storage systems from repurposed EV batteries. The work to prepare for the design and development of the facility will proceed in the first quarter of 2025.

    “We are honored to be selected for this transformative initiative," Edward Chiang, CEO of Moment Energy, said in a statement. "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."

    The company plans to build the facility to meet UL1974 certification, which is a standard for battery repurposing facilities. On UL’s website it notes that once EV batteries have reached end-of-life in automobiles, they still possess 80% of energy storage capacity and be utilized in stationary or even grid-connected facilities.

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    The DOE grant is part of a $428 million initiative by the Biden-Harris Administration to step up domestic clean energy manufacturing in former coal communities across the country. The program aims to address critical energy supply chain vulnerabilities while creating jobs and revitalizing communities.

     

    The gigafactory’s key highlights of development include:

    • Annual production capacity of 1 GWh once fully operational
    • Creation of 50+ manufacturing jobs and 200 new permanent positions
    • UL1974 certification to ensure safety standards within the facility

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    Moment Energy’s work is to extend the lifespan of critical battery materials by efficiently repurposing EV batteries. The company is also developing a proprietary AI management system to help all battery energy storage to be safer and longer lasting and enable all EV batteries to be repurposed by 2030.

    The Canadian-based company was started in 2020. Moment Energy's team says its Flora repurposed battery storage solution can reduce costs of projects, participate in renewable integration and backup power objectives. It also can deliver grid services such as peak shaving, EV charging support and load shifting. 

     

     

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.