Wedoany.com Report on Feb 9th, U.S. energy storage startup Lunar Energy recently announced the completion of its Series C and Series D funding rounds, raising a total of $232 million. This investment will be used to expand its market for AI-driven residential energy storage systems, helping more households achieve energy self-sufficiency and reduce electricity costs.

Lunar Energy's AI technology can learn household electricity usage patterns, optimize solar energy utilization efficiency, and help users save on electricity bills by participating in virtual power plant projects. According to company data, its customers save an average of $464 through virtual power plants, which is higher than the $338 savings from typical home battery systems.

The company's CEO, Kunal Girotra, stated: "We founded Lunar Energy to combine high-quality hardware and software. This funding allows us to scale this model, helping households electrify and become active participants in the smart grid." The funding was led by institutions such as Activate Capital, B Capital, and Prelude Ventures, with companies like Sunrun and Itochu Corporation also participating.

It is noteworthy that solar installer Sunrun appears as an investor in this funding round. Sunrun previously collaborated with Tesla to promote the Powerwall home battery system, and its investment in competitor Lunar Energy has drawn industry attention. However, Sunrun's partnership with Tesla continues, and the two companies jointly launched a home energy plan as recently as July last year.

As competition in the residential energy storage market intensifies, Lunar Energy is gaining market recognition with its DC architecture and smart hardware technology. The company currently manages 650 megawatts of storage capacity, and its Gridshare platform is already being used by Sunrun for distributed generation projects in multiple markets. Investors believe that integrated solar and storage systems will become the mainstream solution for future home energy.