The round came together after the data center developer reportedly secured a $13 billion contract with Jane Street.

A decade or two on the road will drain an EV battery’s range and hobble its acceleration. But while it peters out for daily commutes, that battery still has a lot of juice left.

A cohort of battery entrepreneurs is giving these units a second life, powering off-grid communities, industrial sites and energy-hungry data centers. Industry leaders — British Columbia’s Moment Energy and Redwood Materials in Nevada — are rapidly scaling up as the supply of aging batteries surges.

This summer, Moment moved into its 100,000-square-foot Megafactory 1 near Vancouver, converting a shell into its new HQ and manufacturing space in six weeks. It’s also building a Texas Gigafactory expected to open in January.

Redwood is likewise ramping up after unveiling the world’s largest used-EV battery system in June 2025: A 63-megawatt-hour solar and battery installation powering a Nevada data center run by AI infrastructure company Crusoe.

Absent reuse, these batteries end up in landfills or recycling shredders.

“Why recycle this battery prematurely when there’s over 95% life left?” asked Eddy Chiang, CEO and co-founder of Moment. When the batteries get recycled, some companies send the material to China for refinement, exporting valuable raw materials.

The market’s potential is massive. Chiang estimates that the used batteries available today could match Denver’s electricity use 20 times over — and 90 times over in four years.

The ‘Christmas light’ problem

So why pull an EV battery that still has 80% or more of its life left? Think Christmas lights, says Chiang.

Particularly with lights sold in the past, “if one light bulb burnt out, the whole string burns out,” he said. “And that’s what’s happening in the battery pack. The actual failure mode for EVs is actually due to a single cell failure, like that light bulb.”

EV battery packs contain hundreds or thousands of cells that are grouped into modules, which are housed in large metal shells affixed under the vehicle’s floorboard. The cells can be similar to the AA batteries in consumer electronics, while others are larger blocks or pouches.

When Moment receives used batteries, it first runs diagnostics to test their performance. Then it breaks down the packs into modules, and racks them in cooled shipping containers. Moment uses proprietary software to redirect energy away from weak cells to healthy ones to extend battery life.

The company’s largest storage system is called Luna, delivering up to 1 megawatt hour of energy, which is enough electricity to power roughly 49 Seattle households for 24 hours. It’s preparing to launch a new model, but keeping the details under wraps.

Moment customers range from God’s Pocket Resort, an eco-lodge on a tiny Canadian island where its system slashed the use of diesel generators, to Vancouver International Airport, which avoided up to $20 million in grid upgrades to power fast chargers for its EV fleet, Chiang said. “Instead, they bought a couple of our batteries.”

From recycling to reusing

Redwood Materials began nearly a decade ago as a battery recycler led by former Tesla executives. But in recent years, they recognized a missed opportunity.

“We had a group of people standing around watching our recycling operation, looking at these giant battery packs that we’re going to so much effort to disassemble, and just wondering, ‘Can we do more with these before we shred them?'” said Colin Campbell, Redwood’s chief technology officer.

Now 95% of the EV batteries Redwood receives are reused rather than recycled. And despite its Tesla roots, the startup accepts batteries from any automaker and has created a “universal translator” that manages battery packs with different voltages, power and chemistry.

Campbell touts the conversion of the EV devices to stationary storage as straightforward.

In its simplest terms, Redwood’s energy storage sites are “an electric vehicle parking lot with the wheels removed,” he said. “So it’s just literally the battery that was in the car. There’s lots of them arranged in a grid together and plugged in.”

That plug-and-play approach solved major headaches for Crusoe. By pairing repurposed EV batteries with solar power for its new AI data center in Nevada, Crusoe bypassed multi-year grid-connection delays, saved money and avoided emissions from diesel generators.

Scott Williams, vice president of energy at Crusoe, said the solution has worked well for his company, which builds data centers and offers its own AI cloud services.

“We’ve signaled to Redwood that we’re going to grow with them,” Williams said, including “multiple gigawatt hours paired with our modular units, which is super exciting.”

Industry headwinds

Despite the momentum, the sector faces headwinds. Communities have resisted large battery projects due to fire concerns, sparked by high-profile incidents like California’s Moss Landing fire.

The companies emphasize that EV batteries are built to survive high-speed crashes, making them inherently safer than standard stationary battery storage. The Moss Landing fire involved older, non-EV batteries in a very different setup than the startups are using. Additionally, Moment’s systems hold extensive UL safety certifications and Redwood has passed a UL fire-safety test.

Another industry hurdle is competition. Overbuilt recycling capacity — plus U.S. and European mandates requiring recycled content in new batteries — creates competition for used EV packs.

Yet from a climate perspective, repurposing is vital. Batteries are almost always “the most carbon-intensive component” in any electronic device, said Grayson Shor, executive director of the Pacific Northwest Battery Collaborative and co-founder of the startup Buckstop.

Repurposed EV systems can extend that initial carbon investment by providing clean power for 20 to 30 years and meet urgent energy demand.

“Everybody’s like, ‘Where are we going to get electricity?'” Campbell says. “And we have a really excellent option already here.”

Sources and references

Interviews:

• Eddy Chiang, CEO and co-founder at Moment Energy
• Colin Campbell, chief technology officer at Redwood Materials
• Scott Williams, vice president of energy at Crusoe
• Grayson Shor, executive director of the Pacific Northwest Battery Collaborative, and co-founder and chief product officer of Buckstop, a circular-economy startup focused on the recovery of minerals and other valuable materials

Additional sources:

• “Electric-Vehicle Battery Basics” (Car and Driver)
• “How long do EV batteries last” (Recurrent)
• God’s Pocket Resort eco-lodge

Five months after OpenAI cut the ribbon on its office in Bellevue, Wash., the building has become the target of a national campaign against AI expansion, which made its Seattle-area stop on Friday with balloons, whistles and rogue “AI agents” in hot pink vests.

In what one X user described as possibly “the most unserious protest of all time,” some members of the group entered the City Center Plaza lobby with a chorus of “Happy Rogue Day to OpenAI,” dancing around and generally coming off like members of a community acting troupe.

The “Happy Rogue Day” song was a reference to an incident last month, when two OpenAI models escaped a closed testing environment and reportedly carried out some 17,600 hacking actions on the open internet over four days, ultimately breaching the AI developer platform Hugging Face.

The New York Post called the Bellevue protest “cringeworthy,” but the very fact that it got national coverage was a win for the protesters, drawing attention to their concerns over data centers, energy use, and an AI race they say is accelerating beyond anyone’s control.

This might be the most unserious protest of all time pic.twitter.com/koP03RAhWw

— JJ (@jjtwofive) August 15, 2026

Organizers said the protest was part of “Dump Big Tech” actions taking place this month in more than 20 states, with much of the energy directed at data center expansion. Earlier in the week, 13 student protesters were arrested occupying OpenAI’s lobbying office in Washington, D.C.

We’ve contacted OpenAI for comment on the Bellevue protest.

The action was organized by the Oil & Gas Action Network, Troublemakers Community, Washington AI Resistance, Salish Sea Action Collective, and QuitGPT.

The Bellevue office is OpenAI’s largest outside its San Francisco headquarters, with about 250 employees in the region when it opened in March. It occupies two floors with the ability to add 10 more, under a lease covering nearly 300,000 square feet, room for as many as 1,400 people.

Bellevue has actively courted AI companies, with xAI, Crusoe, and others expanding downtown, and Mayor Mo Malakoutian calling OpenAI’s arrival a vote of confidence in the city.

— Hannah McClellan Richards has left Amazon after more than 15 years to become chief operating officer of micromobility company Lime.

“Ensuring hundreds of thousands of light electric vehicles are available, fully charged, when and where riders need them, at global scale is exactly the kind of operational challenge I love,” she said on LinkedIn, praising Lime’s carbon-free, affordable transportation model.

McClellan Richards previously served as VP of operations, product and tech for Amazon’s pharmacy division. Other past roles include technical advisor and chief of staff to the CEO of Worldwide Amazon Stores, and VP of freight, inbound transportation and returns. She will serve in the new role remotely.

— Ankur Sinha, former chief product and technology officer at Remitly, shared that he’s taken a role at Anthropic as head of enterprise and verticals. Sinha was at Seattle’s Remitly for more than four years, and was previously an engineering director at Google and spent more than a decade at Microsoft, working primarily on Xbox.

“Moving from transforming lives with trusted financial services that transcend borders (Remitly’s mission) to ensuring the world safely makes the transition through transformative AI (Anthropic’s mission), a few things stay constant,” Sinha said on LinkedIn. “The impact on human lives is what makes the work worth doing, and trust and safety are critical to doing it well. I’m super stoked to be part of this and to help carry it forward.”

— Christine Chambers has been named chief financial officer of Redmond, Wash.-based lidar maker MicroVision. She joins from Fusemachines and previously served as CFO of PetMeds and RealNetworks. Chambers was also a financial vice president at Seattle-area company Rosetta Stone.

MicroVision, which develops lidar sensors and perception software for autonomous driving and security use cases, cut 49 jobs in March, targeting engineering and technical roles.

Chambers’ appointment was disclosed in a federal filing and takes effect Aug. 27.

— Slalom has appointed Dan Garrison chief AI officer of the Seattle-based global business and technology consulting firm.

Garrison, who is based in Detroit, spent nearly 30 years at Accenture, most recently serving as chief technology officer for Accenture Song. His experience there included work in quantum computing and generative AI, integration of acquired businesses, and technology strategy leadership.

“Dan has an incredible amount of hands-on technical depth, enterprise transformation experience, and entrepreneurial energy,” said Brian Turner, Slalom’s chief capability officer, in a statement.

— AI infrastructure and data center company Crusoe has hired Celeste Grebe as senior vice president of financial planning and analysis. She will be based in Crusoe’s Bellevue office, which opened in December.

Grebe joins from CoreWeave and was previously with Microsoft for more than a decade across two stints. She left the tech giant as chief financial officer of cloud and AI data centers. She was also with PicMonkey as a vice president.

“It’s rare to find a company positioned to shape infrastructure at this scale, with such a deep understanding of, and partnership with, its customers—and that’s exactly what drew me here,” Grebe said on LinkedIn.

— Gravyty, a Seattle-based ed-tech company, named two new executives:

• Margaret Onisick Lawless will serve as chief product and technology officer, joining from TeachTown, where she held a comparable role for nearly five years. Onisick Lawless is based in North Carolina and will work remotely.
• Brandon Stec has joined as senior vice president of marketing, coming from Frontline Education. Stec resides in Illinois and will also work remotely.

— Richard Tso has taken a role as senior director analyst of AI marketing strategy for Gartner. He joins from Microsoft, where he worked for nearly a decade over two stints. Tso was most recently director of product marketing management for Azure and has held marketing roles for Microsoft Viva, Edge, PowerPoint and other products.

Tso was a founding member of Round, an organization providing mentorship and support for tech executives. Other past roles include leadership positions at Persefoni and LivePerson.

— TerraPower’s former chief operations officer, Eric Williams, is joining rival Hadron Energy as executive vice president of engineering. Williams was with Bellevue, Wash.-based TerraPower for 12 years, leading design and operations of its modular nuclear reactor and helping secure Nuclear Regulatory Commission construction permits.

“I have spent my career proving that advanced nuclear technology can be engineered, licensed, and deployed in the United States,” Williams said in a statement. “The mission at Hadron to commercialize a first-of-a-kind microreactor (MMR) is exactly where the nuclear industry needs to go.”

Williams’ move to New York-based Hadron is effective Aug. 31.

— Seattle’s Ian Wathen was promoted to chief financial officer of Conga, a Houston-based company that helps businesses coordinate their pricing, quoting, contracting, rebates and communications.

— Brittany Jarnot was promoted to senior manager of state and local government affairs in the West for Salesforce.

— Kristy Carrington was promoted to the role of chief executive for the North Division for Providence, overseeing operations in Western Washington and Alaska for the healthcare system.

— Colin Dale is now director of sales for Factal, a Seattle company providing risk intelligence, working out of its London office.

— And in case you missed it, Zillow announced a series of executive changes: CFO Jeremy Hofmann‘s role is expanding to include chief operating officer, while Jun Choo, who became chief operating officer in 2024, is stepping down to focus on his health and will serve as an advisor through the end of the year.

Editor’s note: Updated on Aug. 10 at 1:20 p.m. with news of Ankur Sinha’s new role.