Starpower

Starpower is a decentralized energy network operating on the Solana blockchain, designed to connect and aggregate distributed energy resources (DERs) to support the decarbonization of the energy sector. The company was co-founded in 2023 by Darcy Jia and Laser Ding, who serves as the CEO. Starpower is headquartered in Hong Kong and also has an office in San Francisco.

The company's business model centers on creating a virtual power plant (VPP) by integrating energy devices such as smart plugs, air conditioners, energy storage batteries, and EV chargers into a decentralized physical infrastructure network (DePIN). This network uses IoT, blockchain, and AI to manage and dispatch energy, helping to stabilize the grid, improve energy efficiency, and respond to demand changes. Starpower's revenue is generated through a consumer-facing Software-as-a-Service (SaaS) model that provides users with tools for energy management and analytics, and by offering energy grid services like demand response programs. Users who connect their devices to the network can earn rewards in the form of the company's native token, $STAR.

The company's three-stage plan involves hardware development, software integration to create a seamless energy IoT platform, and finally, building a user-driven energy ecosystem through partnerships. Starpower has raised a total of $4.5 million in seed funding over two rounds. The latest round in January 2025 raised $2.5 million, led by Framework Ventures, with participation from investors like Solana Ventures and Bitscale Capital.

Keywords: decentralized energy, virtual power plant, DePIN, energy internet, distributed energy resources, IoT, blockchain, energy management, grid stability, demand response, Solana, energy storage, smart grid, cleantech, SaaS, AI in energy, decarbonization, renewable energy integration, $STAR token, energy efficiency