Daylight, a decentralized physical infrastructure network (DePIN) project, has raised $75 million to expand its distributed solar energy grid across the United States. It offered solar power through a subscription-based model that eliminated the high upfront cost of panels and batteries, which typically exceeded $30,000. The project’s testnet went live in 2024. Revenue was generated from energy subscriptions and selling excess power back to the grid, while customers earned “sun points” for contributions, with a future token planned. The funding round included Framework Ventures, a16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, and Turtle Hill Capital. DePINs demonstrated how decentralized models aligned customer and business incentives to build community-owned energy systems parallel to centralized grids.