Moment Energy raises $40M to meet ‘infinite demand for power’ with EV batteries

Moment Energy has secured $40M in Series B funding to address critical power infrastructure gaps by repurposing EV batteries into grid-scale storage solutions, positioning itself as a domestically competitive alternative to Chinese-dominated battery storage markets that comprise 72% of global capacity. The company's UL-certified approach to battery repurposing, combined with supply agreements from major automakers (Mercedes-Benz, Nissan) and a $20M Department of Energy loan, presents significant implications for enterprise IT infrastructure planning, particularly as data center power demands surge. IT leaders must recognize this emerging supply chain development as critical to long-term data center sustainability strategies and energy resilience planning.