Daylight DePIN raises $75M to power decentralized solar energy grid
Daylight removes the high upfront cost of installing solar panels and batteries, which has impeded the adoption of solar energy.
Daylight, a decentralized physical infrastructure network (DePIN) project focused on creating a distributed solar energy grid, has raised $75 million to expand its network of solar coverage in the United States.
Daylight offers solar power as a subscription-based service to customers, removing the high upfront cost of purchasing and installing panels and batteries, which can cost consumers over $30,000. The project’s testnet went live in 2024.
The network generates revenue through its subscription-based energy service and by feeding excess energy back to the power grid. Customers share in the revenues by earning “sun points” for contributing to the decentralized solar grid, with plans to introduce a token in the future.