Moment Energy has become the first battery energy storage system provider in North America to achieve full Foreign Entity of Concern (FEOC) compliance backed by independent legal review. The review, conducted by a Top 10 U.S. law firm, confirmed the company’s non-PFE status and verified that its systems meet U.S. federal guidelines. The verification covers corporate ownership, effective control, and debt financing structure.
Manufactured in British Columbia and Texas, Moment Energy’s BESS product endured rigorous third-party verification to ensure it met U.S. federal guidelines related to Prohibited Foreign Entities (PFE) and FEOC. The review helps U.S. customers protect access to valuable federal Investment Tax Credits as requirements tighten.
“With a 10-year recapture period hanging over a project, customers need to know they can trust both the technology and the company behind it,” says James Brady, VP of finance at Moment Energy. “Investment Tax Credit eligibility is fundamental to successful U.S. project economics. We’ve invested heavily in independent legal verification because buyers shouldn’t have to take a manufacturer’s word for it when so much capital is potentially at risk.”
Moment Energy’s systems utilize reengineered second-life EV batteries already in North America, reducing reliance on foreign-linked supply chains. The company is designing its North American supply chain to meet Material Assistance Cost Ratio requirements through 2030.
“The rules around battery supply chains are becoming increasingly stringent, yet many BESS companies are failing to do the necessary FEOC due diligence,” says Edward Chiang, CEO and cofounder of Moment Energy. “We’ve built our supply chain around these requirements and subjected it to rigorous third-party legal scrutiny so our customers can move forward with absolute confidence in their Investment Tax Credit eligibility.”
Moment Energy will host a dedicated webinar on Sept. 17 covering the latest Treasury guidance, supply chain considerations, and practical steps for protecting ITC eligibility.
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