Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries

2026-05-05 · Source: TechCrunch · Field: Energy & Utilities — Energy Storage & Grid Technology, Utilities & Infrastructure, Renewable Energy Systems · Depth: Fundamental Awareness, short

Summary

Moment Energy, a Canadian and U.S.-based startup, has developed a novel approach to repurposing electric vehicle batteries for grid-scale energy storage, securing $40 million in Series B funding to bring its total funding to over $100 million. The company addresses North America's "infinite" power demand, driven by climate change, EV adoption, and data center growth, by replacing automakers' battery management systems with its own software. Moment Energy packages these modules into grid solutions supporting diverse battery chemistries, notably achieving UL certification, a first for repurposed batteries. This certification is critical for safety and insurability, differentiating Moment Energy from competitors who often bypass formal approvals. The company, with 72 employees, has supply deals with Mercedes-Benz and Nissan, a $20 million Department of Energy loan, and is building a gigawatt-scale factory in Austin, Texas.

Key takeaway

For investors evaluating energy storage solutions, Moment Energy's successful Series B funding and unique UL-certified approach to repurposing EV batteries highlight a critical differentiator in a rapidly expanding market. Your due diligence should prioritize companies demonstrating robust safety certifications and proprietary technology, as these factors directly impact insurability and long-term viability, mitigating risks associated with uncertified or "hacked" battery systems.

Key insights

Repurposing EV batteries with proprietary software and UL certification creates safe, insurable grid-scale energy storage.

Principles

• Safety and modularity are paramount.
• UL certification ensures product viability.
• Proprietary BMS enhances control.

Method

Moment Energy removes OEM battery management systems, installs its own software, and packages EV battery modules into UL-certified, grid-scale energy storage solutions capable of mixing battery chemistries.

In practice

• Seek UL certification for energy products.
• Develop custom BMS for repurposed batteries.
• Diversify battery chemistries in storage solutions.

Topics

• Moment Energy
• EV Battery Repurposing
• Grid-Scale Energy Storage
• UL Certification
• Series B Funding

Best for: Investor, Entrepreneur, Consultant

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Editorial summary, takeaway, and curation by AIssential. Original article published by TechCrunch.