Daylight Secures $75M for Decentralized Energy Network
Daylight Energy has raised $75 million to build a decentralized energy network that transforms home solar and battery systems into a shared virtual power plant. The funding round includes $15 million in equity led by Framework Ventures—alongside a16z crypto, Coinbase Ventures, M13, EV3 Ventures and Lerer Hippeau—and a $60 million project financing facility managed by Turtle Hill Capital. Its DayFi protocol will tokenize electricity as an on-chain asset, allowing investors to gain exposure to energy generation. By embedding crypto incentives and a DeFi financing model, home energy users earn rewards for stabilizing the grid, enjoy lower power costs and shared revenue during peak demand. Daylight is piloting in Illinois and Massachusetts through partnerships with local solar providers. The company plans to launch DeFi-based financing next quarter, linking residential energy storage to global capital markets in real time. This decentralized energy network underscores the growing interest in real-world asset tokenization on blockchain.
Neutral
This announcement outlines a strategic $75 million financing round to launch a decentralized energy network and DayFi protocol, signaling strong investor interest in real-world asset tokenization. However, no specific token has been issued yet, so there is no immediate trading vehicle or token price to influence. In the short term, the news is unlikely to move crypto markets directly. In the long term, successful deployment could pave the way for new DeFi products and virtual power plant tokens, which would be bullish once a tradable asset is launched.