Points
- Daylight secures $9 million in Series A funding led by A16z Crypto.
- The funds will support the development of Daylight’s decentralized energy network.
- Daylight’s testnet launched on July 31, enabling users to connect energy devices and earn rewards.
- The project’s marketplace is currently active in multiple states, with plans for further expansion.
Daylight Protocol has secured $9 million in a Series A funding round led by A16z Crypto, with participation from Framework Ventures, Lattice Fund, Escape Velocity, and Lerer Hippeau. The funds will be used to develop Daylight’s decentralized energy network, aiming to optimize energy growth through distributed energy resources.
The testnet for Daylight’s protocol went live on July 31, allowing users to connect distributed energy devices to its mobile app and earn rewards. Some of the devices that can be plugged in by users include smart thermostats, solar inverters, batteries, electric vehicles, and chargers.
Cointelegraph
Daylight’s ecosystem includes an on-chain platform for distributed energy capacity and data, along with a marketplace for standardized energy upgrades for homes and businesses. The marketplace is active in New York, New Jersey, and Pennsylvania, with plans to expand to Texas and California soon. “The electron is the most important commodity of the 21st century,” noted Daylight. “We need a new approach to meet the boom in demand while ensuring reliability.”
The Series A round brings Daylight’s total funding to $13 million, having previously raised $4 million in seed funding. The rapid fundraising process and significant interest from major investors underscore the growing importance and potential of decentralized energy solutions.
Over the
past few years, energy grid operators have increasingly explored blockchain solutions to manage decentralized energy resources. In Europe, companies like Energy Web and Stedin are developing systems that use blockchain and decentralized identifiers to create digital identities for energy assets. This approach allows customer-owned assets to help balance energy grids efficiently.
Moreover, Bitcoin miners have emerged as reliable energy sources tied to blockchain technology. These miners can quickly respond to demand spikes and power down operations as needed. This flexibility turns Bitcoin mining facilities into adaptable energy consumers that can help balance supply and demand fluctuations.
解説
- The successful $9 million Series A funding round for Daylight, led by A16z Crypto, highlights the growing investment in decentralized energy networks and the potential for innovation in this sector.
- The launch of Daylight’s testnet and the ability to connect various energy devices demonstrate the practical applications of blockchain technology in optimizing energy distribution and management.
- The expansion of Daylight’s marketplace into multiple states reflects its commitment to providing scalable and reliable energy solutions, addressing the increasing global demand for electricity.
- The integration of blockchain solutions by energy grid operators and the role of Bitcoin miners in balancing energy supply and demand illustrate the evolving landscape of energy management and the potential for digital technologies to enhance grid reliability.
- Understanding the impact of these technological advancements and their implications for the energy sector is crucial for stakeholders, investors, and policymakers aiming to support sustainable and efficient energy solutions.