The Anonymous Widower

Moment Energy Secures US$15 Million Series A Funding To Build World’s First Second-Life Gigafactory in the U.S

The title of this post is the same as that of this article on Cision.

This is the sub-heading.

Funding co-led by Amazon Climate Pledge Fund and Voyager Ventures to accelerate production of high-performing Battery Energy Storage Systems (BESS) from repurposed EV batteries

Series A brings Moment Energy’s financing in the last three months alone to over US$40 Million with US$52 million raised to date

This introductory paragraph gives more details.

Moment Energy’s battery energy storage systems (BESS) can be deployed in projects ranging from 400 kilowatt hours (kWh) to 10 megawatt hours (MWh), targeting an intermediate market segment that is currently underserved but crucial to the clean energy transition. Designed to serve commercial and industrial sectors, EV charging infrastructure, and renewable energy integration, the company is strategically positioned to capitalize on the convergence of rising EVs and renewable energy sources.

Sounds like a sensible way of handling old lithium-ion batteries.

Moment Energy has a web site.

Are we getting a second-life gigafactory in the UK?

We probably will need one.

As Moment Energy is Canadian, they might supply it.

January 16, 2025 - Posted by AnonW | Energy, Energy Storage | Battery-Electric Vehicles, Canada, Grid Battery, Lithium-Ion Battery, moment Energy, Second Life Batteries