- Daylight Energy raises $75 million to grow its decentralized physical energy network.
- Framework Ventures is leading the financing; A16z Crypto and Coinbase Ventures are participating.
- New DayFi protocol links energy infrastructure revenues to DeFi investors.
Daylight Energy has raised $75 million in new funding to accelerate the growth of its decentralized energy network, marking a major milestone for the startup as it aims to bring blockchain-based innovation to the physical energy infrastructure sector.
The round combines both equity and project finance capital, underscoring growing investor interest in decentralized physical infrastructure networks (DePIN).
Financing structure and investor participation
The $75 million round includes $15 million in equity and $60 million in non-recourse project finance capital, which is directly backed by infrastructure assets, CEO Jason Badeaux said.
This type of financing structure allows for repayment from the project’s own cash flows, rather than relying on the company’s balance sheet.
Framework Ventures led the $15 million capital raise, joined by several notable venture capitalists including A16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures and Not Boring Capital.
According to a company statement, the project financing portion was led by Turtle Hill Capital.
Daylight plans to use the new capital to strengthen its position in the DePIN ecosystem, particularly focused on decentralized energy distribution.
The company previously raised $9 million in Series A funding in 2023, also led by A16z Crypto, which has remained one of its key supporters.
Expanding the DePIN vision on energy
Founded in 2022, Daylight Energy develops a decentralized protocol that allows users to connect their energy devices, such as thermostats, batteries, electric vehicles and solar inverters, to its application.
In return, participants earn rewards for their contributions to the network’s distributed infrastructure.
The concept builds on the growing DePIN movement, which aims to decentralize ownership and control of physical assets such as telecommunications, storage and energy infrastructure through blockchain technology.
“To build the largest decentralized energy network in the world, you need to drive behavioral change to adopt distributed energy and catalyze a huge amount of capital behind it,” Badeaux said. “Crypto is exceptionally good at doing both of these things and creating opportunities to align incentives, reduce costs and rebuild this industry on a foundation of transparency, ownership and shared economic benefit.”
Daylight’s mission aligns with a broader industry push for democratized access to clean energy generation and participation in its value chain.
By combining blockchain incentives with real energy systems, the company aims to reduce barriers to decentralized adoption.
Introducing DayFi: a bridge between energy and DeFi
In addition to the new funding, Daylight announced DayFi, a yield protocol designed to open the energy infrastructure market to decentralized finance (DeFi) investors.
The protocol enables users to earn returns directly tied to the electricity revenue generated from Daylight’s growing portfolio of solar and storage assets.
This move effectively bridges renewable energy and DeFi, giving investors exposure to real-world energy production within a blockchain-native framework.
Daylight was co-founded by Jason Badeaux, Udit Patel and Evan Caron, all veterans of the traditional energy sector.
The team’s combined experience and support from leading venture firms position Daylight as one of the leading players exploring how blockchain can reshape physical infrastructure markets.
Now that the new financing has been secured, Daylight Energy is poised to expand its decentralized network footprint and further integrate energy production, distribution and financing into a transparent, tokenized ecosystem.
