[Funding alert] FL-based Exowatt Secures $20Million in Seed Funding

A renewable energy firm called Exowatt has raised $20 million in seed funding. Among the backers were Atomic, Sam Altman, and a16z. With the help of its first batch of data centre clients, the firm plans to grow its workforce and implement the Exowatt P3.

Exowatt, a company co-founded by Jack Abraham and Hannan Parvizian, offers a modular energy platform intended to power data centres that require a lot of energy. The company’s main product, the Exowatt P3, is a modular, three-in-one system that includes a heat engine, a heat battery, and a heat collector that can provide heat and electricity on demand all day long.

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It is a device that uses a thermal battery to store solar energy for up to 24 hours a day. The P3 modules are meant to occupy the same amount of room as a typical 40-foot shipping container. They scale linearly with workload size and infrastructure needs, making them suitable for both small and big commercial and industrial enterprises.

About Exowatt

Exowatt is a next-generation renewable energy company that offers a modular full-stack energy solution to commercial and industrial customers. This solution is specifically made to meet the demands of energy-intensive applications like data centres and can provide dispatchable power and heat for up to 24 hours a day. Their goal is to provide sustainable renewable energy at a low cost or no cost at all.