Vancouver Opens World's Largest Second-Life EV Battery Factory, Boosting Green Energy Future

A groundbreaking 'Megafactory 1', hailed as the world's largest facility for repurposing electric vehicle (EV) batteries, has officially opened its doors in Surrey, British Columbia. Operated by Vancouver-based Moment Energy, this new factory became fully operational in an impressive six weeks following its announcement in June 2026, marking a rapid leap in sustainable energy solutions. It transforms old EV batteries into powerful, cost-effective energy storage systems designed to power vital services like data centers, hospitals, and microgrids. This swift launch comes amid a global surge in electricity demand and a growing pile of retired EV batteries, creating a perfect storm that Moment Energy aims to address. The company recently secured a hefty US$40 million in Series B funding, pushing its total capital raised past US$100 million, which speaks volumes about investor confidence in this circular economy model. Repurposing these batteries not only reduces electronic waste and the need for new mining, but also offers a more affordable way to store energy, making clean power more accessible and helping to stabilize aging power grids. Looking ahead, Moment Energy expects Megafactory 1 to produce 1 GWh of battery energy storage systems by 2030, creating over 100 direct jobs and supporting more than 1,000 indirect jobs across British Columbia. The company, which already partners with major automakers like Nissan North America and Mercedes-Benz Energy, is also planning a larger 'gigafactory' in Austin, Texas, signaling its ambition to expand across North America and further champion the use of second-life batteries in the global energy transition. This move underscores a significant shift towards making the most out of existing resources to build a more resilient and sustainable energy future.