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 integration of Eaton's new AbleEdge smart breakers with the Lunar System will simplify installation and optimize functionality for homeowners and installers. Key points include:

1. Joint solutions expected to be available in early 2025
2. Eaton named as Lunar Energy's preferred supplier for load management
3. AbleEdge smart breakers add load management to the Lunar System
4. Compatibility with Lunar's mobile app for easier installation and management
5. Aligns with Eaton's 'Home as a Grid' strategy for flexible power systems
6. Aims to streamline solar and energy storage deployments

The collaboration focuses on creating modular and scalable solutions for both retrofits and new homes, supporting the transition to renewable energy sources.

Positive

• Collaboration with Lunar Energy expands Eaton's presence in the residential energy storage market
• New AbleEdge smart breakers add intelligent load management capabilities to solar battery systems
• Joint solutions expected to simplify installation and management of home energy systems
• Partnership aligns with Eaton's 'Home as a Grid' strategy, potentially increasing market share
• Eaton named as Lunar Energy's preferred supplier for load management, indicating strong business relationship

Negative

• Joint solutions not available until early 2025, potentially lagging behind competitors in the market
• Success of the collaboration depends on Lunar Energy's market performance and adoption rates

Insights

Energy Technology Analyst

Eaton's collaboration with Lunar Energy marks a significant step in advancing residential energy management systems. The integration of Eaton's AbleEdge smart breakers with Lunar's solar battery system addresses key challenges in the home energy sector:

• Simplified installation and management of distributed energy resources
• Enhanced load management functionality
• Improved cost optimization for homeowners
• Extended lifespan of solar battery systems

This partnership aligns with the growing trend of "Home as a Grid" concepts, where residences become active participants in energy production and management. The expected 2025 launch positions Eaton to capitalize on the expanding residential solar and storage market, estimated to grow at a CAGR of 15% through 2030. However, the long lead time to market availability may allow competitors to develop similar integrated solutions, potentially eroding Eaton's first-mover advantage in this specific collaboration.

Financial Analyst

While this collaboration demonstrates Eaton's strategic positioning in the evolving energy management sector, its immediate financial impact is likely to be Key financial considerations include:

• Potential revenue stream from being Lunar Energy's preferred supplier for load management
• Long-term growth opportunity in the residential energy storage market, projected to reach $26 billion globally by 2026
• Diversification of Eaton's product portfolio, reducing reliance on traditional power management solutions

However, with product availability slated for early 2025, any significant revenue impact won't be reflected in Eaton's financials for at least 1-2 years. Investors should view this as a long-term strategic move rather than a near-term catalyst for stock performance. The collaboration aligns with Eaton's broader strategy to capitalize on electrification trends, which could drive sustained growth in its $23.2 billion annual revenue over time.

• 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--(BUSINESS WIRE)-- 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 AbleEdge^TM 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 collaboration with Lunar Energy will simplify the installation and maximize the functionality of home energy storage and solar systems. (Photo: Business Wire)

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 $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit Eaton.com. Follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241010991265/en/

Kristin Somers

+1.919.345.3714

Kristincsomers@eaton.com

Regina Parundik

Cobblestone Communications

+1.412.559.1614

Regina@cobblecreative.com

Source: Eaton

FAQ

When will Eaton's collaboration with Lunar Energy be available to consumers?

The joint solutions from Eaton and Lunar Energy are expected to be available to consumers in early 2025.

What is the main benefit of Eaton's AbleEdge smart breakers in the Lunar System?

Eaton's AbleEdge smart breakers will add intelligent load management functionality to the Lunar System, optimizing home energy storage and solar installations.

How will the Eaton-Lunar Energy collaboration affect installation of solar and storage systems?

The collaboration will simplify the installation process, making it easier and faster for customers to integrate and manage distributed energy resources at home.

What is Eaton's role in the partnership with Lunar Energy?

Eaton has been named as Lunar Energy's preferred supplier for load management, providing AbleEdge smart breakers for the Lunar System.

How does this collaboration align with Eaton's (ETN) business strategy?

The partnership aligns with Eaton's 'Home as a Grid' strategy, which aims to create flexible power systems that manage energy consumption in an integrated way for homeowners.