Moment Energy and its shipping containers packed with old EV batteries

October 6, 2026

Demand for energy storage is surging, with capacity expected to grow eightfold in the next decade. To meet that demand, Moment Energy wants to shortcut a supply chain that now flows largely through China, by domestically repurposing EV batteries into new grid-connected storage systems.

Last year, the world deployed 1.2 terawatt-hours of electric vehicle battery capacity, according to the International Energy Agency. And while EVs account for the great majority of battery use worldwide, battery storage is now the fastest-growing power technology.

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