Daylight Energy announced $75 million in financing to scale its decentralized energy network that transforms residential homes into distributed power plants. The raise includes $15 million in equity financing led by Framework Ventures, with participation from a16z crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital. The company also secured a $60 million project development facility led by Turtle Hill Capital.
The financing will support Daylight's crypto-powered approach to distributed energy, which rewards homeowners for installing solar and battery storage systems. The company aims to address the growing electricity demand by making distributed energy adoption faster and more affordable than traditional centralized power plants.
Electricity demand is surging across the country. While distributed solar and storage technology can be deployed in weeks at a fraction of the cost of centralized power plants, adoption has been slowed by inefficient sales models and expensive financing. Today, more than 60% of residential solar costs come from marketing and customer acquisition. This forces homeowners to wait years before seeing any savings while installers struggle with high financing costs.
Daylight Energy's decentralized network addresses these issues by aligning incentives for homeowners and rewarding them for installing distributed energy infrastructure funded by global decentralized finance markets. The approach cuts out many of the traditional middlemen and overhead costs that make residential solar prohibitively expensive for many families.
"To build the largest decentralized energy network in the world, you need to incentivize the behavior change to adopt distributed energy, and catalyze a huge amount of capital behind it," says Jason Badeaux, CEO of Daylight Energy. "Crypto is uniquely good at doing those two things, and creates opportunities to align incentives, drive down costs, and rebuild this industry on a foundation of transparency, ownership, and shared economic upside."
The Daylight Network operates on a dual revenue model. First, homeowners pay predictable monthly fees to subscribe to Daylight's energy service. These payments are typically lower and more stable than what they would pay to traditional utility providers. Second, the network aggregates thousands of home batteries into a coordinated system that can dispatch stored energy back to the grid during peak demand events. Energy markets pay premium rates for fast, reliable power during these periods, and this additional revenue flows back to the Daylight Network, enabling even lower costs for families.
Homeowners who subscribe get solar panels and battery storage installed at no upfront cost. They receive power at rates below what traditional utilities charge, with built-in backup power to maintain electricity during outages. As tax credits for solar installations continue to phase out, Daylight is driving adoption through crypto-native incentives instead. The network currently rewards homeowners with "Sun Points" for engaging with and growing the network, with plans to introduce a network token in the future. This model turns every subscriber into a direct stakeholder in the network's success.
To scale its vision, Daylight Energy is launching DayFi, a new yield protocol that opens energy infrastructure to decentralized finance. Through DayFi, investors can earn yield tied directly to electricity revenues from the Daylight Network's growing portfolio of solar and storage systems. The protocol transforms electricity into a tradable asset class, offering direct exposure to electricity growth for the first time.
"We believe Daylight has a credible path to becoming the financing layer for distributed energy," said Vance Spencer, Co-Founder of Framework Ventures. "On one hand, it can unlock scale for installers and help offset energy costs for homeowners. At the same time, DeFi markets are seeking new, sustainable sources of on-chain yield, and DayFi offers a transparent way to access returns backed by real electricity revenues. As AI accelerates global power demand, and energy costs rise, we think Daylight is uniquely positioned to meet the moment by connecting capital to the next generation of renewable infrastructure."
Daylight Energy transforms everyday homes into mini power plants, helping families lower their energy bills, maintain power during outages, and earn rewards for supporting a more reliable grid. As the energy system strains under growing demand, Daylight sends excess energy from homes back into the system. This reduces pressure on aging infrastructure and strengthens local resilience.
The company is currently funding subscriptions in Illinois and Massachusetts, both through direct origination and by partnering with local solar businesses to embed financing. With its traditional project finance facility now active, Daylight plans to expand into DeFi-based financing in the fourth quarter of this year. The company's platform combines home upgrades with an energy management system designed for simplicity and accessibility.
The financing round brings together investors from both the energy and cryptocurrency sectors. Framework Ventures led the equity portion, joined by a16z crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital. Turtle Hill Capital provided the $60 million project development facility.
Zeev Krieger, CEO of Turtle Hill Capital, added: "This is a dream project for a creative finance team, combining a novel business model, with purpose built specialty credit to accelerate distributed energy deployment. The stakes and potential impact are even more profound in a moment when traditional subsidy models face real uncertainty and change."
The backing from major crypto-focused venture firms like a16z crypto and Coinbase Ventures, alongside traditional energy finance players, reflects the cross-sector appeal of Daylight's model. The company aims to prove that decentralized networks and cryptocurrency incentives can solve real-world infrastructure problems while creating new investment opportunities in the energy transition.
