Vancouver, BC — November 18, 2025 — Moment Energy, one of North America’s leading EV battery repurposing companies, today announced it has secured $5 million in growth financing from TD Innovation Partners (TDIP), the innovation banking division of The Toronto-Dominion Bank.
The funding underscores the growing institutional support for Canadian clean technology companies as they advance the global transition to clean, affordable, and reliable energy.
“Over the past two years, TD Innovation Partners has seen firsthand how the Moment Energy team is redefining what’s possible in sustainable energy storage,”
said Alida Kanani, CPA, Associate Director, Capital Solutions, TD Innovation Partners.
“Their leadership, integrity, and commitment to long-term growth align closely with TD’s values and our mission to back Canadian innovators shaping a resilient and sustainable economy.”
Moment Energy will use the funds to accelerate the repurposing of lithium-ion batteries into safe, high-performance, and compliant energy storage systems for commercial, industrial, and utility applications. To meet the growing domestic demand for its Luna BESS, the company plans to boost production.
By extending the life of EV batteries, the company reduces waste, strengthens domestic energy supply chains, and enhances energy security in the clean energy transition. Repurposing also helps reduce reliance on imported materials and first-life battery production, making renewable energy storage more sustainable and cost-effective over time.
Moment Energy continues to lead the way in safe, scalable, and sustainable energy storage systems. Notably, the company is North America’s first and only to be certified by UL Solutions to UL 1974 for EV battery repurposing. Furthermore, their Luna BESS was the first repurposed battery system to achieve all key safety milestones, and it is the only grid-ready system of its kind in North America.
Moment Energy’s technology and global partnerships support utilities, infrastructure operators, and businesses seeking to integrate renewable energy sources while reducing environmental impact and operational costs.
“With this financing, from TDIP we’re accelerating our ability to deliver safe, reliable, and affordable storage solutions that make clean energy accessible to more communities across North America and beyond,” represents more than capital, it’s a partnership grounded in shared purpose,”
said Edward Chiang, CEO and Co-Founder of Moment Energy.
“With TD’s backing, we’re accelerating our ability to deliver safe, reliable, and affordable storage solutions that make clean energy accessible to more communities across North America and beyond. ”We’re strengthening supply chains, improving grid resilience, and advancing the transition to sustainable power worldwide.”
The TDIP financing follows a period of significant expansion for Moment Energy, including a recent strategic investment and partnership with Copec WIND Ventures, the venture capital arm of Latin American energy leader Copec. That collaboration will see Moment Energy deploy gigawatt-hours of second-life battery projects across Latin America and Europe, reinforcing its position as a global driver of circular energy innovation.
About Moment Energy
Moment Energy is the world's leading EV battery repurposing company, creating clean, affordable, and reliable battery energy storage systems (BESS) by repurposing retired electric vehicle batteries. Moment Energy works with major automotive companies, including Mercedes-Benz Energy, to support circular economy goals and ensure their batteries are safely used in second-life applications before they are recycled. The team supports utilities, microgrids and commercial customers to improve grid reliability, power EV charging stations and reduce demand charges, all with a sustainable and performant BESS solution made from repurposed EV batteries.
For more information, please visit - www.momentenergy.com
For media enquiries, please contact - momentenergy@sjspr.co
About TD Innovation Partners
TD Innovation Partners (TDIP) is a division of The Toronto-Dominion Bank, TDIP is a full service team providing bespoke, high-touch banking and financing solutions in support of technology and innovations companies at all stages. TDIP offers a broad suite of services to address the unique challenges and opportunities faced by technology entrepreneurs from banking and lending products to principal investments and private banking solutions.
Claus Eckbo, Owner, God’s Pocket Resort
Off-Grid, Port Hardy, British Columbia
Moment Energy Flora BESS
66% reduction in diesel usage
PROBLEM
Preserving the "Rustic Feel"
God’s Pocket Resort stands as a world-renowned destination for cold-water diving and kayaking, nestled on a remote island accessible only by boat. For over 100 years, the area has served as a refuge for sailors and fishermen, and today the resort continues that tradition of sanctuary by offering adventurers a rustic, immersive experience far from the grid.
However, operating off-grid presented a loud and expensive problem. For years, the resort relied entirely on a traditional setup utilizing lead-acid battery banks and diesel generators.
"It’s the traditional way to set things up, but it poses many challenges with running larger machinery and having heavy energy demands."
Claus Eckbo, Owner of God’s Pocket Resort
The constant hum of generators distracted from the natural beauty guests came to see, and the logistics of transporting thousands of litres of diesel to a remote island proved both costly and risky. Claus required a solution capable of handling the resort’s heavy energy load, including the kitchen, dive compressors, and guest lodging, without compromising the environment he and visiting guests cherished.
SOLUTION
Designed to evolve.
Claus partnered with Moment Energy to install the Flora battery energy storage system, a repurposing-first energy storage solution designed to withstand the rigors of remote operation. Three years and 1,000 cycles later, the resort operates on a completely different rhythm. Since the initial installation, Claus has successfully upgraded the resort’s infrastructure by integrating a new solar array that feeds directly into the BESS. This solar upgrade allows the batteries to charge from the sun, further reducing dependency on the generator in keeping operations running.
"The impact on the environment is significantly lower, I started to realize how quiet the machinery is because we’re not having to run the generators at the same time."
Claus Eckbo, Owner of God’s Pocket Resort
The system has done more than maintain the status quo. It has enabled growth and proven itself as a reliable partner in the resort's evolution, integrating seamlessly as Claus continues to invest in elevating the immersive, natural experience guests value most.
SUPPORT
Built to last.
This summer, Moment Energy's team made the trip to God's Pocket to conduct routine maintenance on the battery system. Lauren Boers, Application Engineer, and Jarod Krane, Electrical Engineer, spent time on-site ensuring the system was operating to Moment Energy’s high performance standards and integrating smoothly with the resort's recent upgrades.
“The energy solution now, it completely changed the game, very impressed with Moment Energy and their entire team's commitment to ensuring that their solution is something that will last a very long time.”
Claus Eckbo, Owner of God’s Pocket Resort
This hands-on approach reflects Moment Energy's customer-first core philosophy and commitment to long-lasting, sustainable solutions. Each battery module in God’s Pocket once powered an electric vehicle and was given a second life through rigorous testing, certification, and engineering at Moment Energy’s facility. The result is a clean, reliable, and affordable system that supports Claus’s vision for the future of his resort.
"Being a local company, we have the opportunity to build these relationships and come out to client sites to provide the maintenance that keeps the batteries operating year after year, it's something we really pride ourselves in."
Lauren Boers, Applications Engineer at Moment Energy
As Moment Energy advances the next-generation of its Luna and Nova systems, with higher energy density and modular swappability, the team remains just as focused on supporting customers beyond, and even before, installation. Grounded in a mission to make clean energy attainable and affordable, Moment Energy helps facilities secure BC Hydro incentives, federal tax credits, and financing support that routinely reduce project costs to less than 10% of the total capital investment.
For Claus and operations like God’s Pocket, it means having a partner that is committed not only to innovative technology but also to the long-term success of the project.
FUTURE
Powering what comes next.
As God's Pocket Resort enters its next phase of operation, the Moment Energy system continues to function as the backbone of its infrastructure. The 1,000th cycle marks just the beginning of a long lifespan that Claus expects will serve the resort's evolving needs for years to come. For remote operations facing similar challenges, whether resorts, research stations, or industrial sites, and more, God's Pocket demonstrates that battery energy storage isn't just about reducing costs. It's about building resilient, adaptable energy systems that improve operations today while supporting growth tomorrow. And with over 1,000 cycles behind it, this system is just getting started.
