Moment Energy Achieves Milestone as First BESS Provider with Verified Compliance in the U.S.
In a groundbreaking achievement, Moment Energy has become the first battery energy storage system (BESS) provider in North America to secure rigorous third-party verification of its non-Prohibited Foreign Entity (non-PFE) status and fully comply with Foreign Entity of Concern (FEOC) regulations. This significant milestone provides clarity and reassurance to U.S. energy storage buyers, especially as federal regulations around battery supply chains grow more stringent. The verification process involved an examination by a renowned Top 10 U.S. law firm, which thoroughly assessed Moment Energy's corporate structure and compliance mechanisms.
This achievement is particularly essential for U.S. customers, who are now assured that they can access valuable federal Investment Tax Credits. With looming changes in sourcing requirements effective through 2030, adherence to these new regulations is crucial for energy storage materials and systems. Non-compliance could result in the loss of tax credits and complications concerning project financing, raising stakes for buyers in the energy storage market.
The One Big Beautiful Bill Act has significantly tightened the requirements for companies wishing to qualify for federal Investment Tax Credits, prompting Moment Energy to actively stay ahead of these shifts. The U.S. Treasury’s interim guidance as outlined in Notice 2026-15 aims to help taxpayers navigate these new rules, offering the promise of important benefits for compliant domestic energy storage projects.
According to James Brady, Vice President of Finance at Moment Energy, understanding the complexities involved in compliance is vital. "With a 10-year recapture period over a project, our customers need assurance in both the technology employed and the company’s integrity behind it. Investment Tax Credit eligibility is vital for successful economics of projects in the U.S. market. Thus, we've heavily invested in independent legal verification to empower our buyers with validated security."
The harsh market realities reveal that a considerable percentage of U.S. energy storage remains reliant on foreign battery supply chains, presenting challenges as demand rises for domestic sourcing and adherence to FEOC regulations. Moment Energy addresses these concerns through its innovative approach, utilizing repurposed second-life electric vehicle (EV) batteries currently in the North American market. This method not only minimizes the dependency on newly manufactured battery cells but also cultivates a robust and resilient energy storage ecosystem.
Their battery energy storage systems integrate with fully compliant FEOC power conversion systems, providing an accessible path for customers who wish to ensure they meet federal guidelines. To meet the evolving Material Assistance Cost Ratio requirements anticipated through 2030, Moment Energy is focused on adapting their North American supply chains.
Edward Chiang, CEO and Co-Founder, emphasizes the lack of diligence among other companies in the BESS sector when it comes to meeting FEOC standards. He states, "Customers should not have to risk losing valuable tax credits based on uncertainty around whether their supplier is a Prohibited Foreign Entity (PFE). Our supply chain was meticulously developed considering these regulations and was subjected to intense legal scrutiny. Hence, we offer our customers complete confidence in their Investment Tax Credit eligibility."
Moment Energy takes proactive measures by engaging with regulators, having submitted formal feedback to the U.S. Treasury and arranging meetings to discuss the implementation of the new standards. This collaboration is part of their commitment to guiding developers and project owners through this complicated transition, ensuring they are informed about the latest regulations.
As a supporting resource, Moment Energy plans to host webinars focusing on the new FEOC and PFE requirements, enabling stakeholders to make informed decisions concerning their projects. To participate in their upcoming session, interested individuals can register through Moment Energy’s official website.
About Moment Energy: Moment Energy stands out as the world's first and only company to manufacture commercial-scale battery energy storage systems derived from second-life EV batteries, all while adhering to established safety standards. Their operations currently span data centers, hospitals, factories, and microgrids across North America, with manufacturing based in Texas and British Columbia. Major investors, including the Amazon Climate Pledge Fund, stand behind Moment Energy's mission of sustainable energy solutions. For further information, visit the company’s official site at www.momentenergy.com.
This achievement is particularly essential for U.S. customers, who are now assured that they can access valuable federal Investment Tax Credits. With looming changes in sourcing requirements effective through 2030, adherence to these new regulations is crucial for energy storage materials and systems. Non-compliance could result in the loss of tax credits and complications concerning project financing, raising stakes for buyers in the energy storage market.
The One Big Beautiful Bill Act has significantly tightened the requirements for companies wishing to qualify for federal Investment Tax Credits, prompting Moment Energy to actively stay ahead of these shifts. The U.S. Treasury’s interim guidance as outlined in Notice 2026-15 aims to help taxpayers navigate these new rules, offering the promise of important benefits for compliant domestic energy storage projects.
According to James Brady, Vice President of Finance at Moment Energy, understanding the complexities involved in compliance is vital. "With a 10-year recapture period over a project, our customers need assurance in both the technology employed and the company’s integrity behind it. Investment Tax Credit eligibility is vital for successful economics of projects in the U.S. market. Thus, we've heavily invested in independent legal verification to empower our buyers with validated security."
The harsh market realities reveal that a considerable percentage of U.S. energy storage remains reliant on foreign battery supply chains, presenting challenges as demand rises for domestic sourcing and adherence to FEOC regulations. Moment Energy addresses these concerns through its innovative approach, utilizing repurposed second-life electric vehicle (EV) batteries currently in the North American market. This method not only minimizes the dependency on newly manufactured battery cells but also cultivates a robust and resilient energy storage ecosystem.
Their battery energy storage systems integrate with fully compliant FEOC power conversion systems, providing an accessible path for customers who wish to ensure they meet federal guidelines. To meet the evolving Material Assistance Cost Ratio requirements anticipated through 2030, Moment Energy is focused on adapting their North American supply chains.
Edward Chiang, CEO and Co-Founder, emphasizes the lack of diligence among other companies in the BESS sector when it comes to meeting FEOC standards. He states, "Customers should not have to risk losing valuable tax credits based on uncertainty around whether their supplier is a Prohibited Foreign Entity (PFE). Our supply chain was meticulously developed considering these regulations and was subjected to intense legal scrutiny. Hence, we offer our customers complete confidence in their Investment Tax Credit eligibility."
Moment Energy takes proactive measures by engaging with regulators, having submitted formal feedback to the U.S. Treasury and arranging meetings to discuss the implementation of the new standards. This collaboration is part of their commitment to guiding developers and project owners through this complicated transition, ensuring they are informed about the latest regulations.
As a supporting resource, Moment Energy plans to host webinars focusing on the new FEOC and PFE requirements, enabling stakeholders to make informed decisions concerning their projects. To participate in their upcoming session, interested individuals can register through Moment Energy’s official website.
About Moment Energy: Moment Energy stands out as the world's first and only company to manufacture commercial-scale battery energy storage systems derived from second-life EV batteries, all while adhering to established safety standards. Their operations currently span data centers, hospitals, factories, and microgrids across North America, with manufacturing based in Texas and British Columbia. Major investors, including the Amazon Climate Pledge Fund, stand behind Moment Energy's mission of sustainable energy solutions. For further information, visit the company’s official site at www.momentenergy.com.
Topics Energy）
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