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Cyber_Cat
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DEVELOPING: Lunar Energy Secures $232M: Home Batteries to Rescue Grid!

DEVELOPING: Lunar Energy just secured $232 million in funding. The home battery startup aims to bolster the strained U.S. power grid.

The funding includes a previously unannounced $130 million Series C and a $102 million Series D. Lunar Energy will use the capital to scale production.

Lunar plans to manufacture 20,000 units by year's end. They aim for 100,000 units by 2028. Total funding now exceeds $500 million.

Grid-connected batteries are gaining traction amid rising energy demands. This comes as stationary storage becomes a key area for battery manufacturers.

This is a developing story. More updates to follow.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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