Energy Storage News•19 days ago
Lunar Energy raises US$232 million to scale VPP software globally
Key Takeaway
Significant investment in VPP software underscores the accelerating shift towards decentralized grid management and creates new opportunities for asset owners and large loads to participate in energy markets.
AI Summary
- •Lunar Energy secured US$102 million in Series D funding, bringing its total raised to US$232 million, indicating strong investor confidence in VPP technology.
- •The funding is earmarked for scaling Lunar Energy's VPP software globally, accelerating the deployment and integration of home battery storage into virtual power plants.
- •For developers and large power consumers, this signals a growing market for distributed energy resources (DERs) and VPP participation, offering potential new revenue streams and enhanced grid flexibility.
- •Increased VPP deployment can lead to more dynamic energy markets, potentially impacting peak demand pricing and creating opportunities for demand-side management and grid services.
Topics
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