Exowatt Secures $70 Million to Scale Solar Solutions for AI Data Centers

Exowatt has closed a $70 million Series A funding round to expand its solar energy solutions for AI data centers, announced in a press release.

Exowatt has closed a $70 million Series A funding round to expand its solar energy solutions for AI data centers, announced in a press release. The funding round was led by Felicis, with contributions from Andreessen Horowitz, 8090 Industries, and other investors. Of the total amount, $35 million was raised through debt from HSBC Innovation Banking and other partners, while the remaining $35 million came from equity.

The funds will be used to scale the production and deployment of Exowatt's flagship product, the Exowatt P3. This modular solar solution is designed to deliver up to 24 hours of power daily, making it ideal for data centers and other commercial applications. Exowatt has already accumulated a demand backlog of over 90 GWh from various U.S. data centers and energy developers.

Exowatt plans to use the new capital to accelerate the commercialization of the P3 and expand its manufacturing capabilities to meet the growing demand for renewable energy solutions in the data center industry. Several commercial deployments are expected to go live in 2025 across the United States.

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