Moment Energy to construct EV battery reuse Gigafactory in Texas
Thanks to the US$428 million initiative by the Biden-Harris Administration to accelerate domestic clean energy manufacturing in former coal communities across the United States, Canadian-based EV battery repurposing company Moment Energy has been awarded US$20.3 million to initiate the first UL1974 Certified manufacturing facility in Texas. Moment Energy is set to establish a state-of-the-art gigafactory that will produce an annual generation capacity of 1 GWh, by the time the facility operates at full capacity. According to Moment Energy, the design and development plans of the facility will start by Q1 of 2025.
Leveraging UL1974 certification, the company boasts rigorous safety standards as it seeks to produce safe, reliable, and affordable battery energy storage systems from repurposed EV batteries.
“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.”
Moment Energy will also take advantage of the funds to contribute to the Justice40 Initiative in an attempt to boost the economic sector in Taylor, Texas, and surrounding disadvantaged communities. The company aims to achieve this by providing over 50 manufacturing jobs and 200 new permanent positions.
Moment Energy says that the project will see to “critical energy supply chain vulnerabilities” and strengthen America’s clean energy supply chain. What’s more, the company will take advantage of the project to make progress in its vision of enabling all EV batteries to be repurposed by 2030.
Author: Abdulwaliy Oyekunle
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