VentureLabs alumni receives $20M from the US Department of Energy
Moment Energy was awarded USD $20.3 million by the US Department of Energy (DOE) to establish the first UL1974-certified EV battery repurposing facility in the US. The Gigafactory will be located in Taylor, Texas and will produce 1 GWh of battery storage systems annually. This is a significant milestone towards EV battery sustainability. Construction is set to begin in 2025.
Vancouver’s Moment Energy is a leader in the field and is North America’s first and only company to achieve UL 1974 certification for repurposing EV batteries.
Read the full article here.
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