POWER Magazine•2 months ago
Lunar Energy Raises Millions to Support VPPs, Home Battery Energy Storage
- •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.
storage