StarPower
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| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
Starpower is a decentralized energy protocol founded in 2023 by CEO Laser Ding and CTO Darcy Jia. The company operates a distributed energy management network aiming to enhance power efficiency and mitigate grid fluctuations. Starpower has developed a platform that connects a variety of power devices, including air conditioners, batteries, and electric vehicles, utilizing a decentralized physical infrastructure network (DePIN) model. This creates an aggregated, dispatchable network that can respond to shifts in energy demand.
The founding team combines expertise in Web3 and the energy sector. Laser Ding previously served as the chairman's assistant at HashKey Group, a notable crypto financial services platform in Asia. Darcy Jia holds a PhD in Photovoltaic Engineering, mentored by Professor Martin Green, and also pursued a PhD in Computer Science before dedicating his efforts to Starpower. This background informs the company's approach to integrating hardware from renewable energy device manufacturers directly into its decentralized network. This system allows distributed energy resources to engage in virtual power plants and demand response programs, contributing to a more resilient energy ecosystem.
The company generates revenue through its network, which had reportedly connected over one million energy devices and produced more than $1 million in revenue in 2024. Starpower has secured significant funding to support its growth, raising a total of $4.5 million over two seed rounds. The first round in June 2024 brought in $2 million, with participation from investors like Alliance DAO and IoTeX. A subsequent seed round in January 2025 raised an additional $2.5 million, led by Framework Ventures and including Solana Ventures. By June 2024, the company reported having 50,000 app and hardware users.
Keywords: decentralized energy, distributed energy resources, DePIN, virtual power plant, demand response, energy management, grid stability, renewable energy integration, Web3, energy protocol, smart grid, energy storage, IoT, CleanTech, energy efficiency, decentralized network, energy aggregation, Laser Ding, Darcy Jia, virtual power plants
