Global Infrastructure SherpaSunrun partners with Lunar Energy for VPPs
Sunrun has an ownership stake in Lunar Energy and uses its software to manage VPPs across a dozen markets, including California; Gridshare aggregated a portion of Sunrun’s 500-megawatt fleet of home batteries that participated in California’s Demand Side Grid Support program.
Source Intelligence
Lunar Energy raised $102 million in Series D and $130 million in Series C. "The new cash means the company has raised about $530 million since its founding in 2020 by Kunal Girotra, a former head of Tesla Energy."
"Home battery startup Lunar Energy aims to quadruple its manufacturing"
"The cash comes from an oversubscribed Series D round of $102 million, let by B Capital and Prelude Ventures"
"The cash comes from an oversubscribed Series D round of $102 million, let by B Capital and Prelude Ventures"
"as well as a previously unannounced $130 million Series C led by Activate Capital."
"Key to Lunar Energy’s growth in VPPs so far has been its partnership with Sunrun."
"While they aren’t yet in wide use, certain early adopter utilities, most notably PG&E , are testing VPP programs that use software to aggregate home batteries and other devices and shift loads when the grid is stressed, such as during heat waves."
"The company’s competitors include Tesla Energy — which also participated in a major DSGS pilot with Sunrun last summer"
"and Octopus Energy."
"The latter this week announced a deal with VPP provider Voltus"