VentureLabs alumni company, Moment Energy, is advancing Canada’s clean energy transition by transforming retired EV batteries into scalable, certified energy storage systems. As the country moves toward Net Zero by 2050, their second-life battery technology is helping wind and solar reach their full potential.

Recently, Moment Energy announced a strategic investment and commercial partnership with Copec WIND Ventures, marking the start of a multi-region rollout of second-life battery storage projects across Latin America and Europe. The goal is to deploy 45 MWh of near-term projects, expanding to an additional 300 MWh through repurposed batteries from Chile’s electric bus fleet.

“Energy storage is pivotal for renewable energy integration,” said co-founder Sumreen Rattan. “Intermittent sources like solar and wind can’t reach their full potential without it.”

“Partnering with Copec represents a pivotal milestone,” added CEO and co-founder Edward Chiang. “Together, we’re enhancing energy security and accelerating the shift to clean, affordable power.”

Moment Energy also announced another significant milestone: securing $5 million in growth financing from TD Innovation Partners (TDIP), the innovation banking division of TD Bank. This funding further strengthens institutional support for clean technology companies advancing affordable and reliable energy solutions. Moment Energy will use the capital to scale production of its Luna BESS, meet rising domestic demand, and accelerate the repurposing of lithium-ion batteries for commercial, industrial, and utility applications.

“We’ve seen firsthand how the Moment Energy team is redefining what’s possible in sustainable energy storage,” said Alida Kanani, Associate Director, Capital Solutions at TDIP. “Their leadership, integrity, and commitment to long-term growth align closely with our mission to back innovators shaping a resilient and sustainable economy.”

With UL 1974 certification and North America’s only grid-ready repurposed battery system of its kind, Moment Energy continues to lead in safe, scalable, and circular energy storage innovation. Their technology and partnerships are strengthening supply chains, improving grid resilience, and expanding access to clean power globally.

Moment Energy began in a home garage in 2020, where a group of SFU engineering students, fresh from building electric Formula-E race cars, saw a bigger opportunity: transforming retired EV batteries into reliable, second-life energy storage systems.

Read the full news update: 

Copec partnership: https://techcouver.com/2025/11/05/moment-energy-investment-expansion-tech-markets/

TD Innovation Partners financing: https://www.prnewswire.com/news-releases/moment-energy-secures-5-million-in-debt-financing-from-td-innovation-partners-to-help-advance-global-shift-toward-clean-reliable-energy-storage-302617617.html