Bloomberg reporter Coco Liu writes on the fast-growing home battery market as grid strain pushes storage into the mainstream.
- Lunar Energy, founded by Tesla’s former energy chief, raised more than $230 million to scale its home battery business beyond California. The company plans to expand into markets like Texas, Puerto Rico, and Hawaii as homeowners look for backup power and ways to manage rising electricity costs.
- The pitch is software-driven storage that saves money. Lunar’s platform charges batteries when power is cheap, feeds electricity back during peak demand, and links homes into virtual power plants that already generate hundreds of dollars a year for participating customers.
Read more on the startup in Bloomberg here.
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