Lunar Energy

Lunar Energy

Modular energy storage solutions for homeowners

About Lunar Energy

Simplify's Rating
Why Lunar Energy is rated
C+
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Energy

Consumer Goods

Company Size

201-500

Company Stage

Early VC

Total Funding

$300M

Headquarters

Mountain View, California

Founded

2020

Overview

Lunar Energy provides energy storage solutions specifically designed for residential clients. Their main product, the Lunar System, is a modular energy storage unit that homeowners can expand as their energy needs increase. This system allows users to store energy generated from solar panels, which can then be used during peak hours or power outages, ensuring a reliable power supply. Unlike many competitors, Lunar Energy focuses on creating a user-friendly experience with an app that tracks energy usage and storage, helping clients manage their energy consumption effectively. The company's goal is to promote sustainability and energy independence for homeowners, making it easier for them to reduce their reliance on traditional power grids and save on energy costs.

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Simplify's Take

What believers are saying

  • Growing interest in virtual power plants enhances Lunar Energy's market opportunities.
  • Partnership with Sunrun boosts market penetration and customer acquisition.
  • User-friendly app design increases customer engagement and satisfaction.

What critics are saying

  • Competition from Ava Community Energy's VPP initiative may attract potential customers.
  • Supply chain disruptions at the Georgia factory could delay production.
  • Tesla's dominance in the residential battery market challenges Lunar Energy's growth.

What makes Lunar Energy unique

  • Lunar Energy offers a modular energy storage system for easy expansion.
  • The Lunar System integrates seamlessly with solar panels for energy independence.
  • Lunar Energy's app provides detailed energy usage reports for effective management.

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Funding

Total Funding

$300M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Phone/Internet Stipend

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

3%
Funds Magazine
Apr 24th, 2025
Ava Community Energy Announces Ambitious Virtual Power Plant Initiative to Help its 2M Customers Optimize Their Energy Investments While Relieving Stress on the Grid

Ava Community Energy announces ambitious Virtual Power Plant initiative to help its 2M customers optimize their energy investments while relieving stress on the grid.

American Battery Technology Company
Aug 8th, 2024
How a network of ex-Tesla employees created $10 billion worth of U.S. clean-energy investments

Lunar Energy, for example, is working with SK, a South Korean manufacturing company,to make new home batteries at a Georgia factory.

PR Newswire
Jul 20th, 2023
Lunar Energy Awarded Two If Design Awards For Home Battery System

The Lunar System includes elegant hardware and intuitive software, making it simple to enjoy endless clean energyMOUNTAIN VIEW, Calif., July 20, 2023 /PRNewswire/ -- Lunar Energy , a new company powering homes around the world with endless clean energy, today announced it received two design awards for its Lunar System. The awards were granted at the International Forum (iF) Design Awards 2023, a globally recognized design competition.The Lunar System pairs with solar as an all-in-one battery solution that enables homeowners to make, store, and use their own clean energy. The Lunar System includes a comprehensive home battery system complete with an inverter, batteries, and an accompanying mobile app, which together provide homeowners the ability to lower and eliminate monthly energy bills and secure long-term grid independence.The Lunar Battery received the iF award in the Building Technology category for its modular, sleek design that can scale according to individual energy needs. The System was designed to be up to 50 percent more compact than existing solutions, reducing the visual clutter of today's energy storage systems while offering more flexibility on where they can be installed. It is also designed to enable grid independence by providing backup during power outages and severe weather conditions.The Lunar App, the company's mobile experience, received the iF award in the User Experience category for providing an intuitive interface for homeowners to monitor and manage energy consumption. The App not only keeps track of the weather and provides backup protection, but also serves as a proactive supersaver: helping people make money by using grid, solar and battery power when the costs are lowest."When we set out to engineer the Lunar System, we knew it would be a tall order to create something that was both extremely durable and beautiful," said Matt Jones, Head of Design at Lunar Energy

Financial Post
Jun 23rd, 2023
Sunrun, Lunar Energy to Challenge Tesla's Dominance in Residential Battery Market | Financial Post

(Bloomberg) — California startup Lunar Energy Inc. launched a home power storage system this week with Sunrun Inc. as its first installer in a bid to enter the residential battery market dominated by Tesla.

Energy Theory
Jun 23rd, 2023
Simplifying Solar: Lunar Energy Introduces a User-Friendly Home Battery System

The home battery backup company, Lunar Energy, introduced Lunar System, their first product.

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Lunar Energy is Hiring for 10 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Lunar Energy's jobs every few hours, so check again soon! Browse all jobs →

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