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About Lunar Energy
Industries
Energy
Consumer Goods
Company Size
201-500
Company Stage
Seed
Total Funding
$291.8M
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, offering an app that provides detailed reports on energy usage and storage, enabling effective energy management. The company's goal is to help environmentally conscious homeowners achieve energy independence and reduce their reliance on traditional power grids while saving money on energy bills.
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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Funding
Total Funding
$291.8M
Above
Industry Average
Funded Over
1 Rounds
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
6 month growth
↑ 3%1 year growth
↑ 3%2 year growth
↑ 6%Lunar Energy, for example, is working with SK, a South Korean manufacturing company,to make new home batteries at a Georgia factory.
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
(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.
The home battery backup company, Lunar Energy, introduced Lunar System, their first product.
US-based startup Lunar Energy is releasing a residential integrated energy management cabinet system that stores solar energy on 5 kWh battery system to provide up to 30 kWh of backup power.
Lunar Energy is Hiring for 10 Jobs on Simplify!
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About Lunar Energy
Industries
Energy
Consumer Goods
Company Size
201-500
Company Stage
Seed
Total Funding
$291.8M
Headquarters
Mountain View, California
Founded
2020
Lunar Energy is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today