DOE Awards Moment Energy $20.3M for EV Battery Repurposing Facility

URLhttps://www.thomasnet.com/insights/doe-awards-mome
SourceThomasnet.com
Date Published11/07/2024
Author NameNolan Beilstein

Additional Reshoring Information:

Company/Division name Moment Energy Inc
Parent companyMoment Energy Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Country(ies) from which reshored:Canada
City reshored to:Taylor
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredRepurposed EV Batteries
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:20,300,000
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