PANews reported on October 16th that, according to Business Wire, Daylight Energy announced the completion of a $75 million financing round, of which $15 million in equity was led by Framework Ventures, with participation from a16z Crypto, Lerer Hippeau, M13, and others. It also secured $60 million in project financing led by Turtle Hill Capital. Daylight incentivizes households to install distributed solar and energy storage through a crypto network, with revenue coming from user subscriptions and market compensation for returning electricity to the grid during peak periods. The company launched the DayFi Income Agreement, which on-chains electricity revenue as an asset; subscriptions are currently available in Illinois and Massachusetts, with plans to expand to DeFi financing in Q4.