Daylight Raises $75 Million To Bring Distributed Solar Power to Homes

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…