The AI data center energy crisis has a solution and it is a used Tesla battery.

Moment Energy, founded by four Canadian university graduates, pulls retired EV batteries off the road and repackages them into grid-scale energy storage systems for data centers, hospitals, and factories. One battery's second life lasts 30 years. Operating costs drop to 3 cents per kilowatt-hour.

The company just raised $40 million. As well as myself. investors include Amazon's Climate Pledge Fund, the corporate venture arm of Tokyo Gas, and In-Q-Tel. That last one is the CIA's strategic investment fund.

Building new data centers is constrained by power availability, permitting delays, and grid infrastructure that was not designed for this decade's compute demand. Moment Energy's answer is the millions of EV batteries already sitting on North American roads, waiting to be retired.

The grid bottleneck that is slowing the AI industry has a $40 million Canadian workaround.

The CIA apparently agrees.