Second life battery storage firm Moment Energy has announced a US$40 million Series B funding round to accelerate its battery factory.

Energy-Storage.news Premium speaks with Claire McConnell, VP business development for Redwood Materials’ energy storage business, Redwood Energy, about its recent backing from Google and Nvidia, and what it has planned next.

Redwood Materials has closed a US$350 million Series E funding round to scale up its critical battery materials and energy storage businesses.

Moment Energy’s battery energy storage system (BESS) manufacturing hub in Vancouver, British Columbia, Canada, has reached full-scale production.

Second life BESS firm Evyon has merged with EV charging infrastructure provider Elywhere, in a partnership centred around the battery technology core to both Norway-based businesses.

Second life energy storage and BMS firm Element Energy has commissioned the largest project in the world using repurposed EV batteries, it claimed, with LG Energy Solutions (ES) Vertech revealed as a system integration partner going forward.

Sports car company Porsche has deployed a 10MWh BESS at its factory in Germany using batteries from its Taycan vehicle line.

A second life energy storage assembly plant has opened in Germany, amidst a rapid fall in battery prices which could threaten the economics of repurposing EV batteries into stationary units.

The increasing cost-competitiveness of LFP battery cells has made first life batteries more attractive than second life ones, Finland-based BESS solutions firm Cactos told Energy-Storage.news after a €26 million (US$28.5 million) fundraise.

Canada-based firm Moment Energy has secured UL 1974 certification for second life energy storage production, the first in North America to do so, the company said.