Daylight, a pioneering decentralized physical infrastructure network, has made headlines by securing $75 million in funding to enhance its solar energy initiatives across the United States. This innovative project aims to revolutionize the solar power landscape by offering a subscription-based service that significantly reduces the financial barriers for consumers. The publication demonstrates positive momentum in the developments.
Significant Interest from Venture Capital Firms
The funding round attracted significant interest from prominent venture capital firms, including:
- Framework Ventures
- a16z Crypto
- Lerer Hippeau
- M13
- Room40 Ventures
- EV3
- Turtle Hill Capital
Expanding Solar Coverage
This financial backing will enable Daylight to expand its solar coverage, making renewable energy more accessible to a broader audience.
Game-Changer in Renewable Energy
By eliminating the hefty upfront costs of solar panel and battery installation, which can often exceed $30,000, Daylight is positioning itself as a game-changer in the renewable energy sector. Customers will not only enjoy affordable solar power but will also earn 'sun points' for their contributions to the decentralized solar grid, with plans to introduce a dedicated token in the near future.
TeraWulf Inc. recently announced its ambitious plan to secure $32 billion for a dual hub focused on AI and Bitcoin mining, contrasting with Daylight's solar energy initiatives. For more details, see read more.
