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ELD Asset Management Supports Daylight Energy's Solar Initiative

In a groundbreaking move towards sustainability, ELD Asset Management Pte. Ltd. has announced its backing for Daylight Energy's significant financing initiative, aimed at enhancing decentralized solar energy solutions for residential homes in Illinois and Massachusetts. The deal includes a $75 million financing package—$15 million in equity led by Framework Ventures and a $60 million development facility spearheaded by Turtle Hill Capital. This strategic partnership is not just about numbers; it's about revolutionizing the way households access renewable energy.

The Innovative Financing Structure

The deal involves an array of renowned investors, including major players like a16z crypto, Lerer Hippeau, and Coinbase Ventures. As Jason Harrison, Senior Vice President at ELD Asset Management, elaborates, this financing structure emphasizes operational efficiency without compromising equity dilution. The unique construction of this financing package allows Daylight Energy to center its efforts on timely rollouts and effective energy production instead of overhead costs, which is a critical focus for long-term investors.

Addressing Cost Barriers in Residential Solar

One of the significant hurdles in residential solar installation is the high customer acquisition costs, sometimes exceeding 60% of installation expenses. Daylight Energy aims to combat this by providing a no-upfront-cost model for homeowners, allowing them to subscribe to monthly energy packages that include rooftop solar installations and battery backups. This approach not only reduces household energy bills but also employs a network of home batteries to serve as a virtual power resource during peak demand periods, benefiting both consumers and the power grid.

Leveraging Technology for Transparent Energy Solutions

In addition to its solar initiatives, Daylight is launching DayFi—a pioneering protocol that connects metered electricity revenues from its distributed solar portfolio to on-chain claims. This innovative application ensures that energy-backed payouts are transparent, linking financial returns directly to measured energy output instead of speculative trends, which has been a long-awaited advancement in the energy sector. Harrison notes that this development signals a positive shift in market expectations from institutional investors.

Targeting Key Markets: Illinois and Massachusetts

Daylight Energy’s financing prioritizes installations in states like Illinois and Massachusetts, where supportive interconnection rules and a growing demand for resilient energy solutions streamline project timelines and facilitate robust data collection. This strategic focus allows for quicker underwriting processes for lenders and energy off-takers, enhancing the operational efficiency of project deployment.

Daylight Energy is actively rolling out its subscription services in both states, with plans for further expansion supported by decentralized finance (DeFi) concepts scheduled for the fourth quarter of 2025.

Company Overview

Founded with the vision of transforming residential properties into energy producers, Daylight Energy combines a monthly energy subscription model with an integrated battery network that engages actively with the power grid. With notable backers like a16z crypto and Framework Ventures, Daylight is well-positioned to make a lasting impact on the renewable energy landscape.

ELD Asset Management, established in 2017 and based in Singapore, serves as a strategic advisor specializing in global macro and market research to guide clients’ investment decisions. The company’s insights reflect a commitment to sustainability and innovative financing in energy markets.

For further updates on their ongoing initiatives, follow eldglobal.com/news.