Framework Ventures Leads $75M Funding Round for Daylight's Decentralized Energy Network

Daylight Energy has secured a total of $75 million in funding to advance its decentralized physical infrastructure network (DePIN) focused on transforming energy distribution. The round includes $15 million in equity led by Framework Ventures, with participation from prominent investors such as A16z Crypto, Coinbase Ventures, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, and Not Boring Capital. Additionally, $60 million in non-recourse project financing was provided by Turtle Hill Capital, backed directly by infrastructure assets.

Founded in 2022, Daylight's DePIN model connects energy devices like solar panels, batteries, electric vehicles, and thermostats to a decentralized network, rewarding users for participating in a system that promotes grid stability and distributed energy. The company introduced the DayFi protocol, a yield mechanism that integrates decentralized finance (DeFi) with energy infrastructure, allowing investors to earn returns tied to electricity revenues from solar and storage systems.

CEO Jason Badeaux emphasized that this approach aligns incentives using cryptocurrency economics to reduce costs, catalyze capital, and rebuild the energy industry on principles of transparency, shared ownership, and equitable benefits. Daylight is currently testing its model in Illinois and Massachusetts, funding installations through direct origination and partnerships with local solar providers. With the new capital, the company plans to launch DeFi-based financing in the upcoming quarter, enabling real-time connections between household energy systems and global capital markets.