Moment Energy secures US$40 million to scale second life BESS in North America

AI Summary

• •Moment Energy secured US$40 million Series B funding to accelerate its second-life battery storage factory in North America.
• •This expansion signals increased availability and potentially lower costs for BESS solutions, offering developers more competitive options for projects.
• •Large power consumers can anticipate more accessible and sustainable storage options for resilience, peak shaving, or demand charge management.
• •The focus on second-life batteries promotes sustainable sourcing and could lead to more economically viable storage deployments across various applications.