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Daylight Secures $75 Million to Build Crypto-Powered Distributed Energy Network

Daylight Secures $75 Million to Build Crypto-Powered Distributed Energy Network

According to the company’s announcement on X, Daylight raised $75 million to expand its blockchain-based energy network through its DayFi protocol, linking DeFi capital to real-world electricity infrastructure.

Fact Check
The statement is directly and fully supported by multiple credible sources. A Business Wire press release (Source 1) and a Bloomberg news article (Source 3) both confirm that a company named Daylight raised $75 million for a crypto-powered/solar distributed energy network. The sources are recent and corroborate all key details of the claim.
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Summary

Daylight, a decentralized energy company, announced it has raised $75 million to expand its blockchain-based power network. The funding includes $15 million in equity led by Framework Ventures and $60 million in project financing from Turtle Hill Capital, with participation from a16z crypto, M13, EV3 Ventures, and others. The investment will accelerate the growth of the Daylight Network and its DayFi protocol, which transforms electricity into an on-chain asset class, allowing investors to gain exposure to power generation through decentralized finance. The company’s vision focuses on building a decentralized, community-driven electric grid that improves affordability and reliability by directly connecting capital to energy infrastructure.

Terms & Concepts
  • DayFi: A decentralized finance (DeFi) protocol by Daylight that tokenizes electricity as an on-chain asset, enabling investors to gain exposure to power generation.
  • DeFi: Short for Decentralized Finance, a blockchain-based financial system that removes intermediaries like banks and enables peer-to-peer transactions.
  • Decentralized Energy Network: A distributed energy system that uses blockchain technology to connect generation sources and investors directly, bypassing traditional utilities.