Moment Energy, a leading North American company specializing in electric vehicle (EV) battery repurposing, announced a strategic investment and partnership with Copec WIND Ventures, the venture capital arm of Chilean energy leader Copec. The partnership will enable the deployment of gigawatt-hours of second-life battery energy storage projects across Latin America and Europe, representing one of the largest EV battery repurposing initiatives outside of China.
The new collaboration builds on Moment Energy’s growing capital base, which now totals nearly $60 million in funding. This includes participation from the Amazon Climate Pledge Fund, Voyager Ventures, and Copec WIND Ventures, along with more than $30 million in non-dilutive financing from U.S. and Canadian government programs.
Under the partnership, Moment Energy and Copec will initially deploy 45 megawatt-hours (MWh) of projects focused on commercial and industrial applications, with plans to scale to 300 MWh by repurposing batteries from Chile’s extensive electric bus fleet, the second-largest globally. The companies aim to establish a domestic supply chain for second-life batteries in both Latin America and Europe, reducing reliance on Asian imports while strengthening regional energy resilience. Copec currently distributes more than one terawatt-hour of energy annually from its storage facilities.
Moment Energy’s Luna system is the first repurposed battery platform worldwide to meet key safety certifications, including UL 1973, UL 9540, and UL 9540A. The system is powered by a proprietary AI-based Battery Management System that optimizes the performance and safety of thousands of cells and modules sourced from multiple manufacturers. The technology delivers over 30% cost savings compared to first-life battery systems, offering higher energy density and lifespan for commercial, industrial, and grid-scale applications.
The company’s work with Copec aligns with the rapidly expanding global push to reuse EV batteries for stationary energy storage, a market expected to reach 965 GWh annually by 2035. With Chile’s growing base of electric buses and Copec’s expertise in regional electrification, Moment Energy is well-positioned to expand second-life battery deployment across both continents.
KEY QUOTES:
“At WIND Ventures, we see a looming supply gap for stationary energy storage as lithium-ion manufacturing stays focused on EVs. 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.”
Brian Walsh, Head of Copec WIND Ventures
“Partnering with Copec represents a pivotal milestone for 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.”
Edward Chiang, CEO and Co-Founder of Moment Energy
“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.”
Sumreen Rattan, COO, Moment Energy
