Daylight Energy Secures $75M Funding
Daylight Energy has raised $75 million in funding led by Framework Ventures to expand its decentralized energy network.
The funding round combines $15 million in equity and $60 million in non-recourse project finance capital, secured against infrastructure assets.
According to CEO Jason Badeaux, this financing structure allows repayment from the project's own cash flows rather than relying on the company's balance sheet.
- The funding will accelerate the growth of Daylight Energy's decentralized energy network.
- The company aims to bridge blockchain technology with real-world power infrastructure.
- A new DeFi yield protocol, DayFi, will be launched as part of the expansion.
Author's summary: Daylight Energy raises $75M to expand its network.