VANCOUVER, BC – November 4, 2025 – Moment Energy, one of North America’s leading EV battery repurposing companies, today announced a strategic investment from Copec WIND Ventures, the strategic venture capital arm of Latin American energy leader Copec. The investment launches a commercial partnership focused on deploying gigawatt-hours of second-life battery energy storage projects across Latin America and Europe—one of the largest EV fleet repurposing initiatives outside of China.
To date, Moment Energy has raised nearly $60 million, including investments from Amazon Climate Pledge Fund, Voyager Ventures, and now Copec WIND Ventures, along with more than $30 million in non-dilutive funding from the U.S. and Canadian governments.
Through this partnership, Moment Energy and Copec will deploy 45 megawatt-hours of near-term projects across commercial and industrial applications, expanding to an additional 300 MWh by repurposing batteries from Chile’s electric bus fleet—the second-largest in the world. The initiative marks a significant step toward establishing a domestic second-life battery supply chain in Latin America and Europe, thereby reducing reliance on Asian imports and fostering a more resilient, sustainable energy landscape across both regions. Currently, Copec distributes over 1 terawatt-hour (TWh) of energy annually from its energy storage facilities to its customers.
“At WIND Ventures, we see a looming supply gap for stationary energy storage as lithium-ion manufacturing stays focused on EVs,”
said Brian Walsh, Head of Copec WIND Ventures.
“Moment Energy has cracked the code on second-life batteries—turning what was once waste into safe, cost-effective, UL-certified storage systems. This partnership not only expands Moment’s commercial traction in Latin America but also strengthens domestic supply chains for energy storage in the Americas and Europe.”
“Partnering with Copec represents a pivotal milestone for Moment Energy,”
said Edward Chiang, CEO and Co-Founder of Moment Energy.
“Together, we’re deploying in Latin America and Europe, demonstrating how local repurposing can reduce supply chain dependencies, enhance energy security, and accelerate the global transition to clean, affordable, and reliable energy. We are excited to be working with one of the world’s leaders in EV bus fleets to enable a true circular economy and ensure all humans have access to clean, affordable, and reliable power.”
Moment Energy's Luna battery energy storage system is the first repurposed battery system globally to achieve all key safety milestones with UL 1973, UL 9540, and UL 9540A certifications. The company’s system is powered by a proprietary, AI-driven Battery Management System (BMS), dynamically balancing thousands of cells, modules and packs from multiple OEMs, chemistries and states-of-health. This ensures industry-leading safety, reliability, and cost savings of over 30% compared to first-life battery systems, making them ideal for commercial, industrial, and grid-scale applications. Moment Energy has the most affordable, longest life, energy dense, commercial second-life system in the market.
“With this partnership, we are connecting with the global EV-battery supply chain, tapping into GWhs of supply. I am excited to accelerate repurposing and to welcome a new battery supplier into our pipeline,”
said Sumreen Rattan, COO, Moment Energy.
The partnership aligns with growing global momentum to repurpose end-of-life EV batteries for stationary energy storage—a market projected to reach 965 GWh per year by 2035. With Chile’s growing fleet of retiring electric buses and Copec’s regional leadership in electrification, Moment Energy is uniquely positioned to scale second-life battery deployment at gigawatt-hour levels while fostering circular economy principles and reducing environmental waste.
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
About Copec WIND Ventures
Based in San Francisco, Copec WIND Ventures is the strategic venture capital arm of Copec, one of the leading energy, mobility, and retail companies in Central and South America and one of the most valued brands throughout Latin America. WIND Ventures leverages Copec's significant resources to accelerate growth, primarily within Latin America, for startups and scaleups across the world within the new mobility, energy, and retail sectors. Visit windventures.vc or follow us on LinkedIn.
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.
