Daylight Energy raises $75 million to fund decentralized U.S. residential solar + storage network
The new financing—$15 million in equity led by Framework Ventures and $60 million in project funding from Turtle Hill Capital—backs Daylight’s plan to bundle rooftop solar, batteries, and grid services in Illinois and Massachusetts
Daylight Energy has secured $75 million in combined equity and project financing to expand a decentralized network of residential solar + storage systems designed to act as a single virtual power resource.
The package includes $15 million in equity led by Framework Ventures and a $60 million development facility from Turtle Hill Capital, with additional participation from a16z crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, Not Boring Capital, and ELD Asset Management.
Under the program, Daylight will offer homeowner subscriptions bundling rooftop solar and battery backup with no upfront cost, beginning with installations in Illinois and Massachusetts. Subscribers will pay a flat monthly rate, while Daylight aggregates their home batteries to earn grid-service revenue during peak events.
“This is operating leverage without unnecessary dilution,” said Jason Harrison, senior vice president at ELD Asset Management, a Singapore-based firm advising clients on strategy and portfolio allocation, which has announced its support of the Daylight venture. “By aligning venture equity with a specialty project facility, the structure keeps execution focused on physical rollouts and measured electricity, not overhead—exactly the configuration long-horizon allocators want to see.”
Subscription solar meets grid-scale thinking
The model targets a persistent inefficiency in the U.S. residential solar market, where customer acquisition can account for more than 60% of install costs. By folding installation, maintenance, and energy management into a single monthly subscription, Daylight aims to reduce household energy bills while simultaneously creating a dispatchable network of behind-the-meter batteries that can stabilize the grid.
The tech layer: measurable yield
Daylight’s financing structure also includes DayFi, a blockchain-based protocol that maps real metered electricity generation and consumption data to on-chain claims. The approach is designed to make project-level cash flows transparent and auditable for investors.
“Linking yield to measured electricity rather than speculative flows is the signal institutions have been waiting for,” Harrison added.
Framework Ventures Co-Founder Vance Spencer described Daylight’s platform as “the financing layer for distributed energy,” while Turtle Hill Capital called the debt facility “purpose-built specialty credit” aimed at accelerating deployment in early markets.
Why Illinois and Massachusetts
Daylight’s rollout is focused on states where interconnection rules and resiliency incentives allow for faster project cycles. Illinois’ community solar framework and Massachusetts’ SMART successor program both favor distributed energy resources with storage capability—making them natural testbeds for aggregated residential virtual power plant (VPP) models.
The company says subscriptions are already live in both states, with DeFi-enabled financing expected to expand nationwide in 2026.
