Lunar Vitality, based by a former Tesla Vitality government, hopes to turn into a frontrunner in digital energy vegetation

A brand new vitality firm based by a former Tesla Vitality government simply emerged from stealth mode and has an fascinating strategy to accelerating the continuing transition to scrub vitality. As well as, exhibiting a transparent signal of technological innovation and utility, photo voltaic vitality big Sunrun has simply invested a big sum of cash within the firm.

Former senior director and head of Tesla Vitality, Kunal Girotra, based Lunar Vitality simply two years in the past in August 2020 after which simply acquired Moixa, “the world’s main distributed vitality useful resource administration (DER) software program firm.” Sunrun and SK Group have invested a complete of $300 million in Lunar Vitality. Buyers additionally embrace ITOCHU and Honda because of their earlier funding in Moixa.

Their future focus appears to be on connecting residence vitality storage techniques in an environment friendly and easy-to-use method to create digital energy vegetation. However is it so good? Nicely, if the Sunrun group is impressed with this, I really feel prefer it needs to be. “As an entrepreneur, I’m at all times looking out for these uncommon alternatives the place you’ll be able to spend money on excellent individuals with nice imaginative and prescient,” mentioned Lynn Jurich, chairman of Lunar Vitality and co-founder, co-executive chairman of Sunrun. “Kunal and the Lunar Vitality engineering group are creating large-scale residence electrification merchandise that may dramatically speed up the transition from fossil fuels to renewables. I’m excited to see Sunrun and the business as a complete start to deliver Lunar Vitality options to tens of millions of properties throughout the nation.”

Lunar Vitality has practically 250 workers worldwide, and the corporate says most of them are engineers — {hardware}, firmware, or software program engineers. They’re based mostly in Mountain View, California and London, UK.

“Greater than ever, we’d like the fast deployment of renewable vitality options throughout all sectors to mitigate local weather change,” says Kunal Girotra, founder and CEO of Lunar Vitality. “Lunar Vitality was based to create inexpensive {hardware} and software program merchandise for the residential sector to assist owners generate, retailer and devour 100% clear vitality and transfer away from fossil fuels in each residence. The primary providing in our product ecosystem is the Subsequent Era Residence Battery System. This is step one in our mission to impress all properties and join communities to create clear, sustainable digital energy vegetation that save us from energy outages, rising vitality costs and dangerous emissions.”

One other indication of the potential of Lunar Vitality is the truth that SK Group is now the principle shareholder. SK Innovation, a part of the massive SK Group, is among the largest battery producers on this planet. SK Group is aware of easy methods to retailer vitality. “SK Group is dedicated to a world transition from fossil fuels to renewable vitality, and our funding in Lunar Vitality is a part of that ongoing dedication,” mentioned Yang Hu, Government Vice President of SK E&S. “We consider Lunar has the potential to revolutionize how properties within the US and world wide use renewable vitality for each their very own use and to satisfy the wants of the broader vitality system.”

We will certainly get extra information from Lunar Vitality quickly. Its first product needs to be introduced on the finish of this yr.

I do know we do not have a lot technological details about Lunar Vitality but. That is what occurs when an organization would not have a product in the marketplace but. Nevertheless, we do have a bit extra details about what Moixa was as much as earlier than the acquisition. “By buying British software program chief Moixa, Lunar will mix revolutionary new {hardware} with the confirmed GridShare™ software program that manages hundreds of batteries in Europe and Japan. GridShare software program – now Lunar Gridshare™ – is now deployed to 35,000 properties (330 MWh of batteries) by ITOCHU in Japan, helps Honda’s superior sensible charging companies for electrical automobiles, and has facilitated UPS’s transition to electrical car fleets within the UK.”

“From our early sensible residence patents to managing the world’s largest residence battery fleet, our Gridshare software program has led the business for over 10 years and has considerably superior sensible residence charging,” mentioned Simon Daniel, CEO and co-founder of Moixa. . “By becoming a member of Lunar Vitality, we have now an thrilling alternative to realize even larger scale for Gridshare by connecting bigger battery fleets world wide to higher handle inexperienced vitality well for owners and companies.”


 

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