51猎奇入口

Founded by 51猎奇入口 alumni Edward Chiang, Sumreen Rattan, Gurmesh Sidhu and Gabriel Soares, whose entrepreneurial journeys were shaped through the Charles Chang Institute for Entrepreneurship, Moment Energy officially opened Megafactory 1 on June 23, 2026鈥攎arking a major milestone in the global transition toward sustainable energy.

A startup founded by four 51猎奇入口 alumni who began developing their entrepreneurial ambitions through the Charles Chang Institute for Entrepreneurship has reached a historic milestone.

On June 23, 2026, Moment Energy officially opened Megafactory 1, the world's largest electric vehicle (EV) battery repurposing facility, marking a major step forward in building a more sustainable and resilient energy future. The Surrey-based facility transforms retired EV batteries into commercial battery energy storage systems that support critical infrastructure鈥攊ncluding data centres, hospitals, manufacturing facilities and microgrids鈥攁t a time when electricity demand continues to rise due to artificial intelligence, electrification and grid modernization.

Founded by Faculty of Applied Sciences graduates Edward Chiang, Sumreen Rattan, Gurmesh Sidhu and Gabriel Soares, Moment Energy has grown from a student startup into one of Canada's leading cleantech companies. The opening of Megafactory 1 follows the company's recent US$40 million Series B financing, bringing its total funding to more than US$100 million, and further establishes British Columbia as a global hub for battery innovation.

From Student Entrepreneurs to Global Innovators

Long before opening the world's largest EV battery repurposing facility, the founders of Moment Energy were students exploring how technology and entrepreneurship could address real-world challenges.

During their time at SFU, the founding team actively participated in programs offered through the Charles Chang Institute for Entrepreneurship, including TechE@SFU, Entrepreneurship Co-op (eCo-op), and startup support initiatives such as Coast Capital Venture Connection and Startup Incubator Program. Through mentorship, experiential learning and interdisciplinary collaboration, they transformed an early idea into a venture tackling one of the fastest-growing sustainability challenges of our time.

The company's success reflects the Chang Institute's mission of empowering students from all disciplines to develop entrepreneurial mindsets, build innovative solutions and create meaningful impact beyond the university.

Building a Circular Energy Future

Founded in 2020, Moment Energy gives retired electric vehicle batteries a second life by repurposing them into battery energy storage systems (BESS). Rather than sending batteries directly to recycling after their automotive life ends, the company extends their usefulness by deploying them in commercial and industrial energy storage applications, helping customers reduce costs while supporting the transition to clean energy.

Today, Moment Energy partners with major automakers and energy organizations across North America and has become a recognized leader in second-life battery technology. Megafactory 1 is expected to produce up to 1 GWh of battery energy storage systems annually by 2030, creating more than 100 direct jobs and supporting over 1,000 indirect jobs across British Columbia.

Continuing to Give Back

Although Moment Energy has grown into an internationally recognized cleantech company, its connection with 51猎奇入口and the Chang Institute continues.

The founders regularly engage with the university community through mentorship, student programming and entrepreneurship initiatives, helping inspire the next generation of innovators. Earlier this year, Moment Energy also expanded its collaboration with 51猎奇入口through a partnership exploring clean energy and backup power solutions for advanced computing infrastructure, including the Cedar supercomputer, demonstrating how university-industry partnerships can continue to drive innovation long after graduation.

"Moment Energy's journey demonstrates the extraordinary impact that entrepreneurship education, interdisciplinary collaboration and experiential learning can have," says Sarah Lubik, Academic Director of the Charles Chang Institute for Entrepreneurship. "Watching these students grow into founders of a globally recognized cleantech company is inspiring, and their success shows our current students what's possible when innovative ideas are combined with determination, mentorship and the courage to solve meaningful problems."

Co-Founder and CEO of Moment Energy, Edward Chiang, shared that 鈥渁s an engineer by trade, it was really the TechE@51猎奇入口program and eCoop that inspired my interest and love of entrepreneurship.鈥� Chiang continued, 鈥渢he programs helped to open my eyes to what social entrepreneurship is really about.鈥�

Inspiring the Next Generation

For today's students at the Charles Chang Institute for Entrepreneurship, Moment Energy represents more than an alumni success story鈥攊t demonstrates how an idea developed during university can grow into a company making a global impact.

As the Institute continues supporting students through entrepreneurship education, experiential learning and startup programming, Moment Energy stands as a powerful example of what's possible when students are empowered to transform ambitious ideas into solutions that benefit communities around the world.

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