CleanTechnica•17 days ago
US Energy Storage Startup Moves In On The Residential Market With Another $232 Million
Key Takeaway
The substantial investment in residential energy storage highlights the rapid growth and increasing competition within the broader battery storage market, which could influence supply chains and grid integration strategies for larger-scale projects.
AI Summary
- •Lunar Energy has secured an additional $232 million in funding, targeting the US residential energy storage market.
- •This significant investment aims to position Lunar Energy as a major competitor to established players like Tesla Powerwall in the home battery sector.
- •The substantial capital injection into residential storage signals a rapidly expanding and maturing battery storage market, which could indirectly impact supply chain availability and pricing for larger-scale storage projects and grid integration strategies for developers and large loads.
Topics
financingoemstorage
Article Content
The US startup Lunar Energy has raised another $232 million towards its goal of dominating the US home energy storage market, pushing Tesla's Powerwall out of the picture. The post US Energy Storage Startup Moves In On The Residential Market With Another $232 Million appeared first on CleanTechnica .