Exowatt Raises $50M to Scale Dispatchable Solar for AI Data Centers and Industrial Sites Across the U.S.
MIAMI—Exowatt, a next-generation renewable energy company, has announced an additional $50 million in funding to expand its U.S. manufacturing capabilities and accelerate the deployment of its Exowatt P3 systems. The capital will support the rollout of these advanced solar energy solutions to energy-intensive AI data centers and power-hungry industrial facilities across the country. The new investment underscores growing market demand for reliable, scalable, and sustainable power as the rapid expansion of artificial intelligence drives soaring electricity consumption nationwide. Exowatt’s P3 systems are designed to deliver dispatchable solar power—meaning they can generate electricity on demand, not just when the sun is shining—making them ideal for critical infrastructure that requires consistent energy supply. The funding follows strong early traction and prior rounds of investment, reflecting increasing confidence in Exowatt’s technology and its ability to meet the evolving needs of the U.S. energy grid. By combining solar generation with integrated energy storage and intelligent control systems, the P3 platform offers a flexible, clean alternative to traditional fossil fuel-based peaker plants. Exowatt is focused on fast deployment and local manufacturing, enabling rapid project delivery and supporting domestic job creation. The company’s approach is especially relevant for AI data centers, which require large, stable power sources and are increasingly located in regions with high energy demand and limited grid capacity. With the AI industry expected to double U.S. electricity demand by 2030, Exowatt’s dispatchable solar technology positions it at the forefront of the clean energy transition. The company continues to expand its footprint, working with utilities, industrial partners, and technology firms to build a resilient, decarbonized power system for the digital age.
