Daylight, a decentralized physical infrastructure network (DEPIN) project dedicated to creating a distributed solar energy grid, has raised $75 million to expand the solar coverage network in the United States.
Daylight offers solar power as a subscription-based service to customers, eliminating the high cost of purchasing and installing panels and batteries, which can cost consumers more than $30,000. The project Testnet went in 2024.
The network generates revenue through a subscription-based service and by feeding excess energy back into the electricity grid. Customers share in the profits by earning “Sun Points” for contributing to the decentralized solar grid, with plans to introduce a token in the future.
The funding includes Venture Capital Firms Framework Ventures, A16Z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3 and Turtle Hill Capital, according to an announcement from Daylight.
Depins shows how decentralized technology can have real-world use cases by aligning customer and business incentives Create robust community-owned infrastructure Parallel to the centralized, legacy system.
Related: SEC removes depin tokens as ‘introductory’ out of jurisdiction
The current energy grid cannot cope with the demands of high-performance computing
Artificial intelligence data centers and other high-performance computing facilities such as crypto miners require significant energy input, putting a strain on the power grid.
Increased demand from the tech sector could also raise prices for consumers. Wholesale energy prices in the vicinity of data centers have advanced a whopping 267% since 2020, according to Bloomberg.
AI training and the centralized data center that AI can power Trigger a global energy crisis.
The solution to this is to decentralize the data center business by pulling computing power from distributed sources, including personal grade computers with graphics cards and businesses running industrial grade processors.
“When incentives come into play, it will be removed like mining did,” he told Cointelegraph in September.
Tech behemoths like Google, Amazon, Meta and Microsoft are already exploring alternative energy sources to fuel their AI data centers and reduce dependence on the electrical grid.
Amazon signed a deal with Talen energy in June for 1,920 megawatts (MW) of nuclear power for AI data centers and service facilities in Pennsylvania.
Magazine: Blockchain projects that produce renewable energy are a reality
