Daylight Energy Secures $75 Million to Expand Decentralized Energy Network
Daylight Energy, a startup dedicated to innovating decentralized energy infrastructure, has successfully raised $75 million in funding. This significant investment underscores a growing interest in decentralized physical infrastructure networks (DePIN), as the company aims to integrate blockchain technology within the energy sector.
Funding Structure and Investor Participation
The recent financing round includes $15 million in equity and $60 million in non-recourse project financing, as revealed by CEO Jason Badeaux. This funding structure allows for project repayment through its own cash flow rather than relying on the company’s balance sheet.
Framework Ventures led the equity investment, with notable contributors such as A16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital. The project financing was spearheaded by Turtle Hill Capital.
Daylight plans to leverage the new capital to fortify its position within the DePIN ecosystem, especially focusing on decentralized energy distribution. Previously, the company secured $9 million in a Series A round in 2023, also backed by A16z Crypto.
Broadening DePIN Vision in the Energy Sector
Founded in 2022, Daylight Energy is developing a decentralized protocol that allows users to connect energy devices, such as thermostats, batteries, electric vehicles, and solar inverters, to its application. Participants benefit from rewards for their contributions to the network’s distributed infrastructure.
This initiative aligns with the growing DePIN movement, which aims to decentralize ownership and control of physical assets like telecommunications and energy infrastructure via blockchain technology.
“To build the largest decentralized energy network in the world, you must incentivize behavior changes towards embraced distributed energy and catalyze a tremendous amount of capital behind it,” Badeaux emphasized. “Cryptocurrency is particularly efficient in achieving these goals, offering opportunities to align incentives, reduce costs, and rebuild the industry based on transparency, ownership, and shared economic potential.”
Daylight’s mission resonates with a broader industry push for democratizing access to clean energy production and participation in its value chain. By merging blockchain incentives with real-world energy systems, the company seeks to lower barriers to decentralized adoption.
Introducing DayFi: Bridging Energy and DeFi
In conjunction with the new funding, Daylight unveiled DayFi, a yield protocol designed to connect the energy infrastructure market to decentralized finance (DeFi) investors. This protocol will enable users to earn yields directly correlated to the electricity revenues generated from Daylight’s growing portfolio of solar and storage assets.
This initiative creates a link between renewable energy and DeFi, offering investors exposure to real-world energy production within a blockchain-native framework. Co-founded by Jason Badeaux, Udit Patel, and Evan Caron—veterans of the traditional energy sector—Daylight is well-positioned to explore how blockchain can reshape physical infrastructure markets.
With the new funding, Daylight Energy aims to expand its decentralized network footprint and further integrate energy production, distribution, and financing into a transparent, tokenized ecosystem.
