Eaton Collaborates With Lunar Energy To Maximize the Functionality of Residential Energy Storage and Solar Installations
Rhea-AI Summary
Eaton, an intelligent power management company, has announced a collaboration with Lunar Energy to enhance home energy storage and solar systems. The partnership will integrate Eaton's new AbleEdge smart breakers with the Lunar System, simplifying installation and maximizing functionality for homeowners and installers. Key points include:
1. Joint solutions expected to be available in early 2025
2. Eaton becomes Lunar Energy's preferred supplier for load management
3. AbleEdge smart breakers add load management to Lunar System in new and retrofit projects
4. Lunar's application will control both companies' technologies
5. Collaboration aligns with Eaton's Home as a Grid strategy
6. Partnership aims to streamline solar and energy storage deployments
Positive
- Collaboration with Lunar Energy expands Eaton's presence in the residential energy storage and solar market
- Joint solutions expected to be available in early 2025, potentially driving future revenue growth
- Eaton becomes Lunar Energy's preferred supplier for load management, securing a strategic partnership
- Integration of AbleEdge smart breakers with Lunar System may increase product sales and market share
- Alignment with Home as a Grid strategy strengthens Eaton's position in the growing clean energy sector
Negative
- None.
Insights
Eaton's collaboration with Lunar Energy marks a significant step in simplifying residential solar and energy storage integration. The incorporation of Eaton's AbleEdge smart breakers into Lunar's system addresses key challenges in the home energy management sector:
- Improved load management functionality
- Simplified installation and commissioning process
- Enhanced scalability for both retrofits and new constructions
This partnership aligns with the growing trend of home electrification and decentralized energy systems. The expected 2025 launch positions Eaton to capitalize on the rapidly expanding residential solar market, which is projected to grow significantly in the coming years.
For investors, this move strengthens Eaton's position in the smart home and renewable energy sectors, potentially driving long-term revenue growth. The collaboration also demonstrates Eaton's commitment to innovation and adaptability in the evolving energy landscape, which could enhance its competitive edge and market share in the residential power management space.
This collaboration between Eaton and Lunar Energy is strategically significant for Eaton's market position:
- Expands Eaton's reach in the residential clean energy market
- Strengthens its "Home as a Grid" strategy
- Positions Eaton as a preferred supplier for load management in Lunar Energy's systems
The residential solar and storage market is experiencing rapid growth, with a projected CAGR of over
For investors, this move signals Eaton's proactive approach to capturing market share in emerging energy technologies. The partnership could lead to increased revenue streams from both hardware sales and potential recurring revenue from smart home energy management services. However, the full impact on Eaton's financials may not be evident until after the 2025 product launch.
Eaton AbleEdge smart breakers will add intelligent load management to Lunar Energy's solar battery system
Compatibility with Lunar Energy's mobile application will make it easier and faster for customers to integrate and manage distributed energy resources at home
PITTSBURGH, PA / ACCESSWIRE / October 10, 2024 / Intelligent power management company Eaton today announces a collaboration with Lunar Energy to simplify the installation and maximize the functionality of home energy storage and solar systems. The integration of Eaton's new AbleEdgeTM smart breakers with the Lunar System will make it easier for installers and homeowners to deploy solar and storage, manage loads, optimize costs and extend the life of the solar battery system. The joint solutions are expected to be available in early 2025, with Eaton as Lunar Energy's preferred supplier for load management.
Eaton's AbleEdge smart breakers will add load management functionality to the Lunar System in new construction and retrofit projects. The Eaton smart breakers can be added to the Lunar Bridge, any Eaton BR loadcenter or meter breaker. Homeowners and installers will be able to use Lunar's application to install, commission and control both companies' technologies-simplifying installation and ongoing home energy management.
"Every home has unique energy demands and infrastructure, so we created a home energy management ecosystem that's modular and scalable for retrofits and new homes," said Paul Ryan, general manager, Connected Solutions and EV Charging at Eaton. "We're opening the door for more resilient, sustainable and electrified homes with technologies that work out of the box with any solar and storage provider. Our collaboration with Lunar Energy will streamline solar and energy storage deployments to help homeowners keep their power on despite grid outages and reduce their carbon footprint."
The collaboration aligns with Eaton's Home as a Grid strategy that helps homeowners put the energy transition to work. By creating flexible power systems that manage energy consumption in an integrated way, Eaton's work with leading energy storage providers such as Lunar Energy is transforming what is possible for the home as an energy source.
"When we started Lunar Energy, we set out to deliver a simple and elegant clean energy solution for customers. For us, 'brilliantly-designed' means exactly that - designing a solar and battery system that is custom for every home and an experience that is intuitive for every family member inside," Lunar Energy Founder and CEO Kunal Girotra said. "Our modular battery system achieves this by adapting to homes of all sizes. With the addition of Eaton's AbleEdge smart breakers, we will offer an outstanding solution that makes the transition to clean energy both simple and exceptional."
Eaton's components are backed by the company's secure-by-design philosophy that ensures its products meet rigorous cybersecurity and safety design standards.
Learn more about Eaton's home energy management system and Home as a Grid approach.
Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're accelerating the planet's transition to renewable energy sources, helping to solve the world's most urgent power management challenges, and building a more sustainable society for people today and generations to come.
Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of
Contact:
Kristin Somers
+1.919.345.3714
Kristincsomers@eaton.com
Regina Parundik
Cobblestone Communications
+1.412.559.1614
Regina@cobblecreative.com
Eaton's collaboration with Lunar Energy will simplify the installation and maximize the functionality of home energy storage and solar systems.
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Contact Info:
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SOURCE: Eaton
View the original press release on accesswire.com
FAQ
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