AUSTIN, TX — May 5, 2026 — Moment Energy, the architect of the next generation of power infrastructure, today announced a $40 million Series B funding round, bringing its total capital raised to over $100 million. The Series B round was led by Evok Innovations, with participation from Liberty Mutual Investments, W23 Global Fund, and Acario (the corporate venture capital arm of Tokyo Gas), joining the company’s major investors, Amazon’s Climate Pledge Fund, Voyager Ventures, and In-Q-Tel.
As the AI revolution and rapid electrification push the aging grid to a breaking point, power availability is now the primary constraint on human progress. While legacy battery manufacturers struggle with long lead times, massive capex, and geopolitical supply chain risks, Moment Energy is activating a dormant domestic resource: the millions of EV batteries already on North American roads.
"AI is exposing what's been broken in the grid for years, and the answer isn't waiting on the next trillion dollar utility upgrade. The era of independent energy is here, energy free from a grid that can't keep up, supply chains we don't control, and decades of new extraction. It starts with the batteries already on our roads. We're certified to put them to work."
said Edward Chiang, Co-Founder and CEO of Moment Energy.
Moment Energy has advanced battery repurposing from experimental use cases to enterprise-grade commercial deployment. The company has achieved critical safety milestones, including UL 1974 and UL 9540A certifications, making it the only provider proven capable of deploying second-life battery storage systems in the built environment without special dispensations or regulatory loopholes.
Moment Energy is fundamentally redefining the economics of energy storage. Its proprietary pack-swapping architecture extends system lifespans to 30 years—double the typical 15-year lifecycle of conventional systems. Combined with domestic tax incentives, this enables up to three times lower net costs, reducing cycling costs to a breakthrough 3 cents per kWh for industrial users.
These breakthroughs are driven by Moment Energy’s proprietary technology stack.
“Moment Energy is the only player in the EV battery repurposing industry that has proven safety and scalability are not mutually exclusive. With a deep, data-driven understanding of battery health and chemistry, Moment Energy is uniquely positioned to deploy high-performance systems. This is a real-world use case for Physical AI: turning complex data into the reliable energy storage needed to power our future.”
said Marty Reed, Partner at Evok Innovations.
To meet the insatiable power demands of manufacturers and hyperscalers, Moment Energy has engineered the world’s most dense second-life battery system. Fully FEOC compliant and highly insurable, its compact footprint enables up to 164 MWh of storage per acre, maximizing ROI per square foot in high-value, space-restricted environments.
With this new funding, Moment Energy is scaling its Texas Gigafactory and BC facilities to meet a critical national need. By ensuring FEOC compliance and rapid deployment, Moment Energy is providing North American industries with energy storage that is sustainable, geopolitically secure, and ready to power the Independent Energy revolution.
About Moment Energy
Moment Energy is the first and only company building commercial-scale battery energy storage from second-life EV batteries — fully certified across the UL safety stack and deployed in the field today. Our systems power data centers, hospitals, factories, and microgrids across North America, sourced from batteries already on the continent's roads, manufactured in Texas and British Columbia. Moment partners with major automakers, including Mercedes-Benz Energy, to put retired EV batteries back to work before they're recycled.
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.
