Daylight, a decentralized physical infrastructure network (DePIN) project focused on creating a distributed solar energy grid, has raised $75 million to expand its network of solar coverage in the United States.
Daylight offers solar power as a subscription-based service to customers, removing the high upfront cost of purchasing and installing panels and batteries, which can cost consumers over $30,000. The project’s data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/daylight-secures-9-million-funding-distributed-energy-testnet-launch” title=”null”>testnet went live in 2024.
The network generates revenue through its subscription-based energy service and by feeding excess energy…
