Exowatt Raises Additional $50 Million to Accelerate U.S. Rollout of Dispatchable Solar for the AI Era
Exowatt has secured $50 million in additional funding to expand U.S. manufacturing and accelerate deployments of our Exowatt P3 systems to energy-intensive AI data centers and power-hungry industrial sites across the country. With $140 million raised in under two years, this new capital builds on strong market traction and reflects the growing need for reliable, quick-to-market, sustainable power as the AI revolution reshapes America’s electricity demand.
Delivering Dispatchable, Around-the-Clock Solar
Exowatt’s P3 is a modular, dispatchable solar system that stores solar energy as heat and converts it to power during peak demand and throughout the night—long considered the Holy Grail of solar energy. Designed for rapid siting and scale-out, P3 can be co-located at or near load, providing the firm, sustainable capacity data centers require while reducing dependence on constrained grid interconnection.
“With the support of our investors and partners, our commercial pipeline has a current demand backlog exceeding 90 GWh, spanning U.S. data centers, energy developers and everything in between,” said Hannan Happi, CEO of Exowatt. “This new capital investment will support our scaling efforts for P3 as we continue to announce customers and partners in the months ahead.”
Backed by Leading Investors
The $50m capital investment was led by MVP Ventures and 8090 Industries and is an extension of Exowatt’s April 2025 $70m Series A led by Felicis, which also contributed to this round. Additional investors include The Florida Opportunity Fund, DeepWork Capital, Dragon Global, Massive VC, New Atlas Capital, BAM, Overmatch, Protagonist, StepStone, Atomic, and Bay Bridge Ventures. Exowatt’s initial seed round of $20m included notable angel investors Sam Altman, CEO of OpenAI, and Leonardo DiCaprio, actor and environmentalist.
Building American-Made Power for the AI Era
With AI power now a national priority, this funding accelerates Exowatt’s vision for American-made, dispatchable solar deployed at the edge of load—advancing U.S. energy dominance and supporting rapid, sustainable data center growth.
“AI demand won’t wait for new transmission interconnections,” said Andre de Baubigny, Managing Director of MVP Ventures. “Exowatt’s dispatchable, American-made solar puts firm, clean power at the edge of load—and our investment reflects our conviction in their ability to scale quickly with customers nationwide.”
“Exowatt is converting momentum into megawatts,” added Rayyan Islam, Co-Founder and General Partner of 8090 Industries. “We’re pleased to expand our support as the company scales domestic production and finances deployments, delivering dependable, sustainable power next to data centers throughout the U.S.”
“To stay competitive in the AI era, Florida needs reliable, clean megawatts at speed. We’re proud to support a Florida business in Exowatt that makes that possible,” said Robert Harvey, President and Executive Director of the Florida Opportunity Fund.
Powering the Future
Power generation demand from data centers is expected to increase by 150% by 2030, and Exowatt is powering the next wave of energy innovation. Interested customers can learn more about Exowatt’s technology and order the Exowatt P3 at www.exowatt.com.
