Daylight Energy Secures $75 Million to Revolutionize Grid with Crypto
Daylight Energy has raised $75 million to expand its decentralized energy network. This network turns homes into distributed power plants. The funding includes $15 million in equity led by Framework Ventures and a $60 million project financing facility.
Daylight’s goal is to fix two major issues: an inefficient solar sales model and a lack of grid capacity. The company notes that 60% of residential solar costs are for marketing and customer acquisition. this inefficiency slows solar adoption and delays savings for homeowners.
Centralized utilities also struggle to meet rising electricity demand with conventional power plants. Daylight’s network solves both problems by creating a unified financial and operational system. it generates revenue through a dual-stream model.
- Subscribers pay a lower monthly fee for their energy.
- The network aggregates power from home batteries, creating a virtual power plant.
This collective resource can be used during peak demand, when energy prices are high. The revenue flows back to the network, rewarding homeowners for participating.
Daylight CEO Jason Badeaux said, “Crypto creates opportunities to align incentives, drive down costs, and rebuild the industry on clarity and shared economic upside.”
Daylight is testing the model in Illinois and Massachusetts. With the new capital, it plans to introduce DeFi-based financing soon. This could connect household energy systems with global capital markets in real time.
