Moment Energy Awarded US$20.3 million by U.S. Dept of Energy to Establish First Certified EV Battery Repurposing Facility in the U.S.

Moment Energy, North America's leading EV battery repurposing company, announced it has been selected by the U.S. Department of Energy (DOE) for a US$20.3 million award to establish the first UL1974 Certified manufacturing facility in the United States dedicated to repurposing EV batteries.

The selection is part of a US$428 million initiative by the Biden-Harris Administration to accelerate domestic clean energy manufacturing in former coal communities across the United States. The program aims to address critical energy supply chain vulnerabilities while creating jobs and revitalizing communities.

Moment Energy will use the funding to construct a state-of-the-art Gigafactory in Taylor, Texas to produce safe, reliable, and affordable battery energy storage systems from repurposed EV batteries. Work will be initiated in Q1 of 2025 to prepare for the design and development of the facility.

Key highlights of the Gigafactory 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 rigorous safety standards within the facility 

The project represents a significant step towards strengthening America's clean energy supply chain and reducing reliance on foreign materials. By safely and efficiently repurposing EV batteries, Moment Energy is pioneering a circular economy approach that extends the lifespan of critical battery materials. The project will also contribute to the Justice40 Initiative, spurring economic revitalization in Taylor, TX and surrounding disadvantaged communities.

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

As North America's first and only company to achieve UL 1974 certification for repurposing EV batteries, Moment Energy has developed one of the world's most advanced second-life battery repurposing facilities and datasets. The company is also developing a proprietary AI management system that will enable all battery energy storage to become safer and longer lasting, to advance its vision of enabling all EV batteries to be repurposed by 2030.

Moment Energy | https://www.momentenergy.com/