Moment Energy Secures $5M Debt Financing From TD Innovation Partners

Why It Matters

The financing helps scale second‑life battery storage at a time of rising demand for clean, reliable grid resources, reducing dependence on new battery production and enhancing North American energy security and sustainability.

Deal Summary

Vancouver‑based battery repurposing firm Moment Energy announced it has received $5 million in growth financing from TD Innovation Partners, the innovation banking arm of The Toronto‑Dominion Bank. The funds will be used to accelerate the conversion of retired EV batteries into energy storage systems for commercial and utility customers.