Lunar Energy

Lunar Energy

Modular energy storage solutions for homeowners

About

Lunar Energy provides energy storage solutions specifically designed for residential clients. Their main product, the Lunar System, is a modular energy storage unit that can be expanded as energy needs increase, allowing homeowners to store energy generated from solar panels for use during peak hours or power outages. This system ensures a continuous power supply and helps users save on energy bills. Unlike many competitors, Lunar Energy focuses on a user-friendly experience, offering an app that provides detailed reports on energy usage and storage, enabling effective energy management. The company's goal is to promote sustainability and energy independence for homeowners, making it easier for them to optimize their energy usage and reduce reliance on traditional power grids.

Company Stage

Seed

Employees

201-500

Industries

Energy, Consumer Goods

Total Funding

$291.8M

Headquarters

Mountain View, California

Founded

2020


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Simplify's Take

What believers are saying

  • Increased interest in virtual power plants enhances Lunar Energy's market opportunities.
  • Collaboration with SK Group could reduce production costs and improve efficiency.
  • Acquisition of GridShare software positions Lunar Energy as a leader in smart energy management.

What critics are saying

  • Competition from Tesla could limit Lunar Energy's market share.
  • Dependence on Sunrun for distribution poses a risk if partnerships dissolve.
  • Reliance on SK for manufacturing may expose Lunar Energy to geopolitical risks.

What makes Lunar Energy unique

  • Lunar Energy offers a modular energy storage system for residential clients.
  • 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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Growth & Insights
Headcount

6 month growth

0%

1 year growth

1%

2 year growth

3%

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

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