Daylight Raises $75M, Led by Framework Ventures, to Scale its Decentralized Energy Network
Daylight turns homes into distributed power plants that support a decentralized network; launches monthly energy subscription solution
NEW YORK–(BUSINESS WIRE)–Daylight Energy, the decentralized energy company that rewards and finances distributed power, today announced $75 million in financing for a crypto-powered network to scale distributed energy. 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, plus a $60 million project development facility led by Turtle Hill Capital.
Electricity demand is exploding. The technology to meet this demand is already here: distributed solar and storage can be deployed in weeks, at a fraction of the cost of centralized power plants. However, while the technology is proven, adoption is slowed by broken sales models and inefficient financing. Today, more than 60% of residential solar costs come from marketing and acquisition, forcing homeowners to wait years to see savings while installers struggle with expensive financing.
Daylight Energy’s decentralized network is solving these problems by aligning incentives for homeowners, rewarding them for installing distributed energy infrastructure funded by global DeFi markets.
The Daylight Network generates revenue from two main sources: predictable monthly payments from homeowners who subscribe to Daylight Network’s energy service, and market-based compensation for dispatching stored energy from its battery network back to the grid during peak demand events. Homeowners make an energy payment directly to Daylight, at a lower and more predictable rate than their utility. In parallel, the Daylight Network aggregates thousands of batteries into a network that trades with the grid. Energy markets pay premium rates for fast, reliable power, and this additional revenue flows back to the Daylight Network, enabling even lower costs for 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.”
Homeowners can subscribe to the Daylight Network, get solar and battery storage at no upfront cost, and receive power at a lower, more predictable rate than their traditional utility provider. Backup power is built in to ride out power outages. And at a time when tax credits are phasing out, the Daylight Network is driving adoption through crypto-native incentives. The Daylight Network currently rewards homeowners with “Sun Points” for engaging with and growing the network, but envisions a network token taking over this role in the future. This decentralized incentive model turns every subscriber into a stakeholder directly in the network’s success.
To scale this vision, Daylight Energy is introducing 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. This transforms electricity into a new asset class, unlocking 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.”
Zeev Krieger, CEO of Turtle Hill Capital, further 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.”
Daylight Energy is currently funding subscriptions in Illinois and Massachusetts, both through direct origination and by embedding financing with local solar businesses. With its traditional project finance facility in motion, Daylight will expand into DeFi-based financing in Q4.
About Daylight Energy
Daylight is the decentralized energy company, built for the people who power it. We transform everyday homes into mini power plants, helping families lower their energy bills, stay powered during outages, and earn rewards for supporting a more reliable grid. As the energy system strains to meet growing demand, Daylight sends excess energy from homes back into the system, reducing pressure on aging infrastructure and reinforcing local resilience. With seamless home upgrades, an intuitive energy management platform, and a growing decentralized network, Daylight is building the future of energy from the ground up. Backed by leading investors including Andreessen Horowitz and Framework Ventures.
Learn more at godaylight.com.
Contacts
(c)2025 Business Wire, Inc., All rights reserved.
