Framework Ventures Leads $75M Round for Daylight’s Decentralized Energy Infrastructure Project

TL;DR:

• Daylight raises $75 million led by Framework Ventures, with $15 million in equity and $60 million in infrastructure-backed loans.
• Its DePIN network connects energy devices and rewards users for participating in a decentralized electricity distribution system.
• Through the new DayFi protocol, the company opens the door for decentralized finance to link with solar and storage revenues, seeking transparency, shared incentives, and the expansion of distributed energy on a global scale.

In a move that combines renewable energy with the blockchain revolution, Daylight Energy announced a total fundraising of $75 million to power its decentralized energy infrastructure network. The round was led by Framework Ventures and included $15 million in equity and $60 million in non-recourse project financing, backed directly by infrastructure assets. According to CEO Jason Badeaux, this structure will allow the debt to be repaid with the profits generated, a formula that seeks to unite sustainability, technology, and a decentralized economy.

A vision to democratize energy through blockchain

Daylight, founded in 2022, presents itself as a DePIN project—decentralized physical infrastructure networks—focused on transforming the way energy is distributed and consumed. Its protocol allows devices such as batteries, electric vehicles, thermostats, and solar panels to be connected to an application that rewards those who participate in the network. The goal is to build the world’s largest decentralized energy network, driving behavioral change toward a more distributed and transparent energy model.

Framework Ventures led the $15 million equity round, with participation from investors including A16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital. The $60 million project financing component was led by Turtle Hill Capital, reinforcing institutional confidence in the potential of the DePIN model.

Badeaux emphasized that the key is to align incentives and leverage the power of cryptocurrencies to catalyze capital, reduce costs, and rebuild the energy industry on the pillars of transparency, shared ownership, and equitable economic benefits. Daylight, co-founded by Badeaux, Udit Patel, and Evan Caron, seeks to redefine the relationship between energy producers and consumers through an ecosystem where everyone participates in the profits.

The company also unveiled DayFi, a new yield protocol that integrates decentralized finance with energy infrastructure. This system will allow investors to earn returns directly linked to the electricity revenue generated by the solar and storage systems in Daylight’s growing portfolio.