Daylight Energy secures $75 million to expand its decentralized energy infrastructure network.

Daylight Energy has secured $75 million in new funding to enhance its decentralized energy network, a significant milestone for the startup aiming to innovate the traditional energy infrastructure through blockchain technology.

• Daylight Energy raises $75 million for its decentralized physical energy network.
• Framework Ventures leads the funding round, joined by A16z Crypto and Coinbase Ventures.
• The new DayFi protocol connects energy infrastructure yields to DeFi investors.

Funding Structure and Investor Participation

The $75 million funding round includes $15 million in equity and $60 million in non-recourse project financing, secured directly by infrastructure assets, as explained by CEO Jason Badeaux.

This financing structure allows for repayment through the project’s own cash flows rather than relying on the company’s balance sheet.

Framework Ventures spearheaded the $15 million equity investment, with several prominent investors joining, including A16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital.

The project financing portion was led by Turtle Hill Capital, according to the company’s announcement.

Daylight intends to utilize the new capital to strengthen its position within the DePIN ecosystem, with a particular focus on decentralized energy distribution.

In 2023, the company raised $9 million in Series A funding, also led by A16z Crypto, which has remained a key supporter.

Expanding the DePIN Vision in the Energy Sector

Founded in 2022, Daylight Energy is developing a decentralized protocol that allows users to connect their energy devices—such as thermostats, batteries, electric vehicles, and solar inverters—to its application.

In return, participants earn rewards for their contributions to the distributed infrastructure of the network.

This concept builds on the growing DePIN movement, which strives to decentralize the ownership and control of physical assets like telecommunications, storage, and energy infrastructure via blockchain technology.

“To build the world’s largest decentralized energy network, you need to incentivize behavioral changes to adopt distributed energy and catalyze a massive amount of capital behind it,” said Mr. Badeaux. “Crypto is particularly effective at doing both of these things and creates opportunities to align incentives, reduce costs, and rebuild this industry on a foundation of transparency, ownership, and shared economic potential.”

Daylight’s mission aligns with a larger industry push towards democratizing access to clean energy production and involvement in its value chain.

By merging blockchain incentives with real-world energy systems, the company aims to lower barriers to decentralized adoption.

Introducing DayFi: A Bridge Between Energy and DeFi

In conjunction with this new funding, Daylight has launched DayFi, a yield protocol designed to open the energy infrastructure market to decentralized finance (DeFi) investors.

The protocol will allow users to earn yields directly linked to electricity revenues generated by Daylight’s growing portfolio of solar and storage assets.

This initiative connects renewable energy with DeFi, offering investors exposure to real-world energy production within a blockchain-native framework.

Daylight was co-founded by Jason Badeaux, Udit Patel, and Evan Caron, all veterans of the traditional energy sector.

The combined experience of the team alongside support from prominent venture capital firms positions Daylight as a leading player exploring how blockchain can reshape physical infrastructure markets.

With the newfound capital, Daylight Energy is poised to expand its decentralized network’s footprint and further integrate energy production, distribution, and financing into a transparent and tokenized ecosystem.