DOE awards Moment Energy $20.3M to repurpose used EV batteries for energy storage systems
DOE awards Moment Energy $20.3M to repurpose used EV batteries for energy storage systems
Wednesday, November 6, 2024
British Columbia-based Moment’s award is part of nearly $430 million in DOE funding announced last month for clean energy projects in communities historically reliant on the coal industry.
Two other energy storage projects were included in the award round: $9.8 million to Sparkz for a first-of-its-kind battery-grade iron phosphate plant in West Virginia and $24.9 million to Anthro Energy to retrofit a Kentucky factory to produce advanced lithium-ion battery electrolytes.
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