Daylight Secures $75 Million to Expand Blockchain-Powered Energy Network

Daylight, a decentralized energy company, has raised $75 million to accelerate the growth of its blockchain-based power network. The firm announced the funding on X (formerly Twitter) on Thursday, highlighting its mission to revolutionize energy distribution through decentralized technology.

The funding round includes $15 million in equity financing led by Framework Ventures, with participation from major investors such as a16z crypto, M13, EV3 Ventures, and Lerer Hippeau. In addition, Turtle Hill Capital contributed $60 million in project financing to support the expansion of Daylight’s blockchain-powered energy infrastructure.

Daylight plans to use the capital to scale its Daylight Network, an innovative decentralized electric grid designed to make power generation more affordable, reliable, and accessible. By leveraging blockchain technology, the network directly connects investors and capital to renewable energy projects, bypassing traditional intermediaries.

Central to Daylight’s ecosystem is DayFi, a decentralized finance (DeFi) protocol that allows investors to gain exposure to electricity as a tradable digital asset. The company describes this as transforming “the electron into a new form of digital commodity.” This model bridges the gap between energy and finance, enabling users to both contribute to and benefit from a transparent, community-driven grid.

Daylight envisions a future where energy infrastructure grows “through community,” fostering participation from individuals and organizations looking to support sustainable, onchain energy solutions. By merging blockchain technology with clean energy investment, Daylight aims to decentralize power generation, reduce costs, and create a more resilient and equitable energy network.

With strong backing from top-tier crypto and venture capital firms, Daylight’s latest funding marks a significant step toward making decentralized, blockchain-based electricity markets a reality.