Cleantech energy company Moment Energy announced that it has raised $40 million in a Series […]
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Moment Energy Raises $40 Million to Power Data Centers, Industry with Used EV Batteries
Abatify Summary
Nature & Climate Perspective
**Repurposing electric vehicle batteries significantly reduces the necessity for virgin mineral extraction, directly mitigating the biodiversity loss and ecosystem degradation associated with lithium and cobalt mining. **
- Extends the utility of high-energy materials, thereby lowering the ecological footprint of global mineral supply chains and reducing pressure on sensitive habitats.
- Minimizes the risk of chemical leaching and hazardous waste generation by diverting end-of-life EV batteries from landfills into productive industrial use.
- Indirectly supports landscape-scale conservation by reducing the demand for new mining concessions in areas previously designated for carbon sequestration and LULUCF protection.
Market & Policy Outlook
**This $40 million Series A funding signals a shift toward circular economy infrastructure that addresses Scope 3 emissions and grid stability for carbon-intensive data center operations. **
- Accelerates the adoption of Battery Energy Storage Systems (BESS) by reducing CAPEX, aligning with the technical requirements for I-REC generation and grid balancing.
- Facilitates corporate compliance with the Science Based Targets initiative (SBTi) by lowering the embodied carbon of energy storage hardware within the industrial value chain.
- Positions second-life battery technology as a key component of Article 6.4 sustainable development mechanisms by providing scalable, lower-cost energy storage for emerging markets.
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