Exowatt, a Miami, FL-based renewable energy company, raised $20m in seed funding.
Backers included a16z, Atomic, and Sam Altman.
The company intends to expand its team and deploy the Exowatt P3 with its first set of data center customers.
Co-founded by Jack Abraham and Hannan Parvizian, Exowatt provides a modular energy platform designed to power energy-intensive data centers. Its flagship product, the Exowatt P3, consists of a modular, 3-in-1 system, a heat collector, a heat battery, and a heat engine capable of providing dispatchable power and heat throughout the day. Exowatt stores solar energy in a thermal battery, which can retain this energy for up to 24 hours per day. The P3 modules are designed to fit the space of a standard 40-foot shipping container. They can be deployed on small and large commercial and industrial projects, linearly scaling with workload size and infrastructure requirements.
FinSMEs
22/04/2024