๐ Garage idea to huge battery plant in 6 years
Four engineers started Moment Energy in a British Columbia garage in 2020, focusing on used EV batteries. The company officially opened Megafactory 1 in the Vancouver region, repurposing retired EV batteries for energy storage systems. These systems are now powering data centres and hospitals across North America. The facility is set to hit 1 gigawatt-hour annual capacity by 2030. Next, Moment Energy is developing a gigafactory in Taylor, Texas, with US government support. ๐