Daylight Energy has successfully raised $75 million to enhance its decentralized energy infrastructure network. The funding round comprises $15 million in equity and $60 million in non-recourse project finance capital, with Framework Ventures and Turtle Hill Capital leading the respective investments. The capital will be used to strengthen Daylight's presence in the DePIN ecosystem, focusing on decentralized energy distribution.
In addition to the funding, Daylight Energy introduced DayFi, a yield protocol designed for DeFi investors. This protocol offers returns linked to electricity revenues generated from the company's solar and storage assets, providing a novel investment opportunity in the energy sector.
Daylight Energy Secures $75M to Expand Decentralized Energy Network
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