POWER Magazine•13 days ago
Lunar Energy Raises Millions to Support VPPs, Home Battery Energy Storage
Key Takeaway
Substantial investment in Lunar Energy underscores the accelerating trend towards decentralized grid solutions, with VPPs and home battery storage poised to play a larger role in grid stability and energy management.
AI Summary
- •Lunar Energy secured $232 million in recent financing rounds ($102M Series D, $130M Series C) to expand its Virtual Power Plant (VPP) software and integrated home battery systems.
- •This significant capital infusion signals strong investor confidence in distributed energy resources (DERs) and VPP technologies.
- •For developers and large power consumers, this indicates a growing market for grid-interactive home battery systems and VPPs, potentially leading to increased grid flexibility, new demand-side management opportunities, and evolving capacity markets.
Topics
financingoemstorage
Article Content
Lunar Energy, a leader in integrated home battery systems and virtual power plant software, announced it raised $102 million in an oversubscribed Series D round led by B Capital and Prelude Ventures. This round follows a previously unannounced Series C financing of $130 million led by Activate Capital. The post Lunar Energy Raises Millions to Support VPPs, Home Battery Energy Storage appeared first on POWER Magazine .