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Moment Energy repurposes retired electric vehicle (EV) batteries into energy storage systems. It refurbishes used batteries and assembles them into modular storage solutions, which can be deployed to supply high-speed, sustainable charging and grid storage. The company is distinguished by being the first in North America to obtain UL 1974 certification, validating the safety and efficiency of repurposed batteries, and by real-world deployments such as a battery energy-storage system at YVR airport. Unlike vendors that rely on new cells, Moment Energy focuses on repurposing existing batteries to offer an affordable, lower-emission alternative for energy storage, while delivering reliable discharge capabilities. The goal is to expand access to sustainable energy storage, reduce greenhouse gas emissions, and support clean energy adoption by providing cost-effective, certified battery storage solutions.
Industries
Hardware
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$112.3M
Headquarters
Coquitlam, Canada
Founded
2019
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Total Funding
$112.3M
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Ahold Delhaize announces new investments through W23 Global to drive innovation in retail technologies. Through W23 Global, Ahold Delhaize invested in five new start-ups developing solutions for AI-enabled operations and sustainability in the grocery retail sector. July 21, 2026 - Ahold Delhaize is pleased to provide an update from W23 Global, the venture capital fund supported by five leading grocery retailers, including Ahold Delhaize, Tesco and Woolworths Group. Last year, Ahold announced four new investments in August and December, and this year the fund has completed five additional investments in the start-ups Moment Energy, Verse, Skyfire, Haast, and Cresta. This growing portfolio contributes to the broader ambition of helping retailers operate more sustainably and efficiently while delivering improved experiences for customers. Sustainability. Advancing circular energy solutions with Moment Energy. Included in this new round of investments is Moment Energy, a pioneer in repurposed battery energy storage systems (BESS) and the first company in North America to manufacture certified, commercial-scale systems using second-life electric vehicle batteries. Built on the principle that every battery deserves a second life, Moment Energy's platform extends EV battery lifespan, preventing premature recycling and landfill waste while enabling more sustainable energy use. Its cost-effective BESS solutions deliver reliable and flexible energy storage at scale across grocery retail infrastructure as well as in settings including data centers, hospitals, factories and microgrids. As Ingrid Maes, Chief Executive Officer (CEO) and Chief Investment Officer (CIO) of W23 Global, noted, "Moment Energy is meaningfully advancing what's possible in sustainable retail infrastructure and supply chain circularity. As grocery operations face rising energy costs and increasing demand pressures, Moment Energy's second-life storage systems give retailers a faster, cleaner path to reliable backup power, while significantly reducing peak-demand utility costs." Optimizing energy portfolios with Verse. W23 Global is also investing in Verse, an energy intelligence platform that helps large-scale energy consumers manage increasingly complex energy portfolios. Its core product, Aria(TM), centralizes utility bills, contracts, and power purchase agreements across thousands of sites, providing a unified view of energy data. This enables retailers to compare forecasts to actual performance across stores, distribution centers and other physical assets, make smarter procurement decisions, and optimize costs and risk. With the addition of Dispatch Intelligence, Verse also orchestrates on-site energy resources in real time, helping AI infrastructure come online faster in a constrained grid environment. AI-enabled operations. Enabling secure agent-driven commerce with Skyfire. Expanding its focus to the emerging landscape of AI-driven commerce, W23 Global is investing in Skyfire, which is building a cross-ecosystem trust and permission layer for the agentic economy. The platform provides a secure identity and financial stack that enables retailers to distinguish trusted AI shopping agents from malicious automation. Through verified "Know Your Agent" (KYA) credentials and integrated payment capabilities, Skyfire allows businesses to safely open their digital channels to autonomous shoppers. "Skyfire is providing the critical infrastructure required to turn the rise of autonomous AI into a new frontier of growth for retailers," said Ingrid Maes, CEO and CIO of W23 Global. "By upgrading traditional commerce stacks with a dedicated agent identity and payment layer, Skyfire provides the key to unlock high-intent agent demand while shielding systems from the surge of bot-driven cyber risk. Skyfire provides the infrastructure retailers need to capture and process automated transactions securely and instantly." Scaling compliant marketing with Haast. Among its latest investments, W23 Global is investing in Haast, an AI-native platform designed to automate marketing compliance and brand protection for consumer industries. Founded in 2023, Haast supports retailers in managing compliance across the full content lifecycle, from pre-publication review to continuous monitoring of live channels. Operating across text, image, video, and audio, the platform helps ensure consistent, compliant messaging while accelerating approval processes. It helps marketing, legal, and compliance teams save time, reduce risk, and speed up content approvals in a complex regulatory environment. Elevating customer experience with Cresta. W23 Global also announces its investment in Cresta, a unified platform in human-centric generative AI for contact centers. Cresta's platform combines autonomous AI agents with real-time coaching and conversation intelligence for human teams. Originating from the Stanford AI Lab and led by the co-founder of Google's AI Contact Center, the company helps teams work more effectively by turning conversational data into live agent assistance. Their scalable technology has already delivered measurable operational results for global enterprises, with over 80 businesses as customers. As Ingrid Maes, CEO and Chief Investment Officer of W23 Global, noted, "Customer service has become a critical point of differentiation for retailers. The opportunity is no longer simply to automate interactions, but to deliver faster, more personalized and more consistent customer experiences while fundamentally improving the economics of service. We believe Cresta is one of the companies best positioned to help retailers achieve both." About W23 Global. W23 Global is a global grocery retail venture capital fund backed by five leading grocery retailers: Tesco (UK, ROI, Europe), Ahold Delhaize (U.S., Europe, Indonesia), Woolworths Group (Australia, New Zealand), Shoprite Group (Africa), and Empire Company Limited (Canada). W23 Global invests in innovative start-ups and scale-ups developing technology to transform grocery retail. Its work focuses on supporting companies that build solutions with practical application across markets, helping advance the way retailers operate and serve customers while addressing sustainability challenges. As technology continues to shape the future of grocery retail, W23 Global remains focused on solutions that make a tangible difference for both customers and retailers.
World's largest EV battery repurposing facility opens in Surrey. Published 9:30 am Wednesday, June 24, 2026 Moment Energy now operates what the company calls the world's largest EV battery repurposing facility at a Bridgeview industrial building. The new facility, dubbed Megafactory 1, transforms retired EV batteries into "cost-effective, rapidly deployable energy storage systems that support critical infrastructure, including data centres, hospitals, factories and microgrids," the company boasts. At 12850 112B Ave., a ribbon-cutting event Tuesday (June 23) celebrated work to bring domestic battery energy storage manufacturing capacity online six weeks after the project was announced. Investors, government and industry reps gathered at the Surrey factory, 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 B.C., according to Moment Energy. As demand for electricity continues to surge, driven by AI, data centres, electrification and grid modernization, millions of EV batteries on North American roads are expected to be retired in 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," a company news release trumpets. Said to be the first and only company building commercial-scale battery energy storage from second-life EV batteries, Moment Energy was founded in Vancouver in 2020. "We announced this project six weeks ago. Today it's operational," said Edward Chiang, company co-founder and CEO. "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." The opening follows Moment Energy's recent US$40 million Series B financing round, bringing total funding to more than US$100 million and marking the next phase of the company's expansion. On June 24, NorthX Climate Tech (NorthX) announced a $3-million investment in Moment Energy, a third investment in the company, totalling nearly $4.5 million since 2022. "Moment Energy was one of NorthX's first investments," said Sarah Goodman, NorthX president and CEO. "Today, four founders who started in half a garage in Surrey are opening a megafactory with a team of over 80 people, creating great careers, giving batteries a second life, and proving that with the right support, climate technology can be built and scaled from British Columbia." An investment of $4.9 million was made by Pacific Economic Development Canada (PacifiCan) via the federal Ministry of Housing and Infrastructure.
NorthX Climate Tech has invested $3 million in Moment Energy, a British Columbia-based company that repurposes retired electric vehicle batteries into energy storage systems. This marks NorthX's third investment in the company, bringing total commitment to nearly $4.5 million since 2022. The funding addresses a financing gap in BC Hydro's Energy Storage Incentive programme, which reimburses costs after deployment. NorthX's investment provides working capital to cover upfront costs for design, permitting, engineering and construction before customer payments and incentive reimbursements arrive. Moment Energy recently raised US$40 million in Series B funding and has opened a megafactory in Surrey, BC, with capacity to repurpose 25,000 EV batteries annually. The facility sources exclusively from North American automakers under full UL safety certification.
Q&A: Why cleantech might not be as clean as it seems. Journalist and author Vince Beiser on the environmental challenges facing the race for critical minerals. Until the AI boom, the renewable energy transition was perhaps humanity's most talked about technological breakthrough, positioning clean, electrified tech as the world's best bet to fend off the existential threat of climate change. But as global powers race to dig up the critical minerals needed to power that energy transition, a renewable revolution might not be as sustainable as many think. Vince Beiser is an award-winning journalist and author whose most recent book, Power Metal: The Race for the Resources That Will Shape the Future, hones in on the impacts of the resource development that's fuelling the technology behind the green-energy transition. Beiser was at Web Summit Vancouver last month, where he participated in a panel with Canadian cleantech company Moment Energy on second-life technology and how retired EV batteries can go from environmental liability to supply-chain asset. BetaKit caught up with him after his panel to talk about what the future of the race for critical minerals looks like, what we can do to make the energy transition more sustainable, and why he doesn't use the term "clean energy." The following interview has been edited for clarity and length. In the tech world, we hear a lot about critical minerals and how vital they are to this next technological revolution. What minerals are we talking about, and why are they important to Canada? We need critical metals for lots of things, but there's two main purposes that we really need them for: magnets and batteries. The battery in your phone, your laptop, your electric vehicle - those are made out of metal, usually lithium, nickel, and cobalt. The other is magnets. Magnets are in practically any kind of machine that moves. In your book, you don't use the term "green energy" or "clean energy." Why not? I don't use the term clean or green energy because there's really no such thing. Renewably generated electricity is better - it's easier on the planet and people than fossil fuels, but it still has costs. What are some of those downsides? Solar panels or electric vehicles don't have carbon emissions, but we had to tear up rainforests in Indonesia to get the nickel that we needed. Kids are being put to work in cobalt mines in Congo to get metals needed for batteries. It's really important to understand, because often people think if we just switch over to electricity, then problems will be solved. But no: we're actually trading one set of problems for another. What can we do to minimize that damage? We can be recycling more. We can be reusing a lot more. A lot of these things are already being done in the developing world, it's just that here in the rich world we're so used to just tossing out our old iPhone and getting a new one because it's got something like a better camera. All these problems come from our over-consumption of metals. The best, most effective solution is we just have to consume less. That's a hard pill for a lot of people to swallow. Canada has a wealth of critical minerals, but most of our biggest companies are developing in the global south. As this resource arms race picks up, do you think we could see more mining here? We're going to. Prime Minister Mark Carney is really pushing out these nation-building projects, so we're definitely going to see more. The reason so much of it happens overseas is because we don't want to live with the impact of it, basically. It's the same story in the US. The US used to be the world's number one mining power, but people got really fed up with having their rivers polluted, their skies polluted, and giant pits gouged in the earth. So, basically, other countries around the world - especially China - were like "we'll do it." If you want to open a mine in Canada, it's a lot harder than it is to open one in the Philippines or Indonesia. We have pretty decent environmental regulations, labour regulations, First Nations consultation - all of which is good - but it also really slows the process down and makes it a lot more expensive. Are there any tech companies that are developing solutions that might make this kind of resource development less, well, shitty for the planet? Yeah, there are. One of the things I'm most hopeful about is the idea of re-mining or mining waste. There are hundreds of thousands of mines all over North America and the world where companies went in, dug up a bunch of ore, took what they could get out, and just dumped the rest. Usually, that means in that leftover ore there's still a lot of metal. Our technology is much better now, so we can extract a lot more efficiently. There's a lot of research going into how we can go back to these piles of waste which are hazardous in and of themselves and get the metals we need from them. What about e-cycling? Aren't there a lot of precious metals in our devices? In every gadget, there's copper, nickel, cobalt - everything we need sitting there on your laptop. Most of that stuff just gets thrown away and ends up in landfills. It's a waste. We throw away something like $62 billion worth of metals. Just throw them in the trash every year. It's crazy. But there's also a big industry of e-waste recycling. They're doing way more of it in China than we are here, and there's a lot of money going into it, a lot of investment, and a lot of government support. So, it's good on balance, and better for people and the planet, but it's still very energy intensive, polluting, and often done on the backs of some of the poorest people in the world. It sounds like a lot of the investment and development is happening in places like China and Brazil. Here in North America, government seems to be doubling down on those legacy fossil fuel industries. Are we laggards? We're definitely making progress. The energy transition is happening, but we're really behind the curve. These legacy industries are huge industries with lots and lots of money, clout, and constituents. But another part of it that's really unique to North America is the politicization of it. In the rest of the world, that doesn't enter into it at all. In most of the world, it just doesn't have this political layer. BetaKit's Prairies reporting is funded in part by YEGAF, a not-for-profit dedicated to amplifying business stories in Alberta. Feature image courtesy of Web Summit Vancouver.
Moment Energy to open big EV battery repurposing plant in Vancouver suburbs. May 21, 2026 07:43 AM EDT Moment Energy, based in suburban Vancouver, will bring what it claims is the world's largest battery repurposing plant online in Surrey by the end of June.
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Industries
Hardware
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$112.3M
Headquarters
Coquitlam, Canada
Founded
2019
Find jobs on Simplify and start your career today