Lunar Energy raises $232M to deploy home batteries that prop up the grid

Lunar Energy raises $232M to deploy home batteries that prop up the grid

The startup has raised more than $500 million, to date, from investors to build a massive, distributed power plant supported by residential batteries.

Ex-Tesla energy chief raises $230 million for Silicon Valley battery startup

By Coco Liu, Bloomberg Tesla Inc.’s former energy chief has secured more than $230 million to expand his battery startup into new markets. It’s the latest sign that the multibillion-dollar US home energy storage market is heating up as strain on the grid increases. California-based Lunar Energy develops software that helps optimize home batteries to charge when electricity is cheap and send stored energy back to the grid when demand is high. It …

Lunar Energy Raises $232 Million to Scale Virtual Power Plants

The concept of virtual power plants has been kicking around for decades. Coordinating a network of distributed energy resources — think solar panels, batteries, and smart appliances — to operate like a single power plant upends our notion of what grid-scale electricity generation can look like, not to mention the role individual consumers can play. But the idea only began taking slow, stuttering steps from theory to practice once homeowners star…

Lunar Energy lands $232M to boost smart home batteries

Silicon Valley–based startup Lunar Energy has spent the last six years building a business for its smart home batteries and the virtual power plant software that can orchestrate those systems to support the grid at large. Now, it has a massive new pot of cash to expand that effort, as utilities and state policymakers…

Lunar Energy Raises $232 Million to Power U.S. Homes with Clean Energy

Lunar Energy, a home electrification software and hardware startup founded by former Tesla Energy head Kunal Girotra, announced that it has secured $232 million in a series of funding rounds, with proceeds aimed at scaling its solutions to power homes with clean energy. Launched by Girotra in 2020, California-based Lunar Energy constructs integrated solar and […]

Lunar Energy raises $232 million to accelerate development of residential storage, VPP software

The Silicon Valley startup, led by former Tesla Energy executive Kunal Girotra, says the funding will support product innovation and expansion of its operations and manufacturing base.Lunar Energy announced on Wednesday it has raised $232 million in new capital to expand its domestic manufacturing capacity and scale its virtual power plant (VPP) software platform.  The funding consists of $102 million from a Series D round led by B Capital and P…