Daylight’s $75M Gambit: Homes as Power Plants? 💡💰

by

Daylight Energy, a most peculiar DePIN endeavor, has successfully secured £75 million to scale its crypto-infused energy network, transforming residential abodes into distributed power plants with all the elegance of a well-timed waltz. 🕺

The capital raise, a most agreeable union of equity and project development financing, was spearheaded by the ever-enthusiastic Framework Ventures, who seem to believe that every venture is a golden goose. 🦆

The total financing package comprises £15 million in equity funding, led by Framework Ventures, with the participation of a16z crypto, Coinbase Ventures, and Lerer Hippeau-though one wonders if their enthusiasm is as fervent as their wallets. £60 million was procured for the project development facility, led by Turtle Hill Capital, which shall fund installations of home solar and battery storage systems, presumably with the same zeal as a child at a candy store. 🍬

According to the press release, a most lamentable 60% of residential solar costs stem from marketing and acquisition, forcing homeowners to wait years for savings while installers grapple with expensive financing. Daylight, in its infinite wisdom, aims to employ decentralized technology and crypto-native incentives to expedite adoption, though one might question if this is a genuine solution or merely a newfangled fad. 🌀

The network transforms homes into “mini power plants,” enabling families to lower energy bills, secure backup power, and earn rewards-currently “Sun Points”-for contributing excess energy back to the grid. A most ingenious method of ensuring that even the humblest household can partake in the grandeur of energy production. 🌞

A key feature of Daylight’s expansion is the launch of DayFi, a new Decentralized Finance (DeFi) protocol. DayFi is designed to open energy infrastructure to the crypto ecosystem, allowing investors to earn yield tied directly to electricity revenues. One might say it’s a marriage of finance and solar, though the latter may not be as enthusiastic as the former. 📈

Vance Spencer, Co-Founder of Framework Ventures, declared, “We believe Daylight has a credible path to becoming the financing layer for distributed energy… 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.” A sentiment as lofty as a kite in a storm. 🪁

Currently, Daylight Energy is financing subscriptions in Massachusetts and Illinois by embedding financing with local solar companies as well as through direct origination. Daylight will soon expand into DeFi-based financing in Q4, presumably with the same grace as a cat walking on a tightrope. 🐱

Read More

2025-10-16 23:59