Exowatt Raises Additional $50M Led By MVP Ventures And 8090 Industries To Scale U.S. Manufacturing And Deploy P3 Solar Systems For AI Data Centers

Exowatt, a next-generation renewable energy company, has announced an additional $50 million in funding to expand U.S. manufacturing and accelerate deployment of its Exowatt P3 systems to energy-intensive AI data centers and high-demand industrial sites nationwide. The new investment builds on previous financing rounds and reflects growing demand for reliable, fast-to-deploy, and sustainable power as AI-driven workloads reshape electricity requirements across the country. The Exowatt P3 system is a modular, dispatchable solar solution that stores solar energy as heat and converts it to electricity when needed, including during peak hours and overnight. This ability to provide controllable, around-the-clock power is considered a breakthrough in solar technology.

Designed for rapid siting and scalable deployment, P3 systems can be co-located at or near energy-intensive facilities, giving data centers and industrial users a dependable, clean power source while reducing reliance on constrained grid interconnections. Hannan Happi, CEO of Exowatt, highlighted the company’s growing momentum. He noted that Exowatt’s commercial pipeline currently has a demand backlog exceeding 90 GWh, spanning U.S. data centers and other energy developers. The new funding will support the scaling of P3 systems as the company continues to expand its customer and partner network in the months ahead.

The $50 million capital injection was led by MVP Ventures and 8090 Industries and is an extension of Exowatt’s $70 million Series A round from April 2025, which was led by Felicis. Other investors participating in this extension include The Florida Opportunity Fund, DeepWork Capital, Dragon Global, MassiveVC, New Atlas Capital, BAM, Overmatch, Protagonist, StepStone, Atomic, and BayBridge Ventures. Exowatt’s original $20 million seed round also included notable investors such as Sam Altman, CEO of OpenAI, and actor and environmentalist Leonardo DiCaprio.

The new investment comes at a time when AI-driven energy demand has become a national priority. Exowatt aims to accelerate domestic production of dispatchable solar power, helping data centers across the U.S. access reliable and sustainable electricity. Andre de Baubigny, Managing Director of MVP Ventures, emphasized that AI demand cannot wait for new transmission infrastructure, and that Exowatt’s modular, American-made solar technology can deliver firm clean power directly at the point of use.

Rayyan Islam, Co-Founder and General Partner of 8090 Industries, added that Exowatt is converting market momentum into real megawatts by scaling domestic manufacturing and deployments. Robert Harvey, President and Executive Director of the Florida Opportunity Fund, also highlighted the importance of reliable, clean power for maintaining competitiveness in the AI era and praised Exowatt’s efforts to meet that need. With energy demand from data centers projected to increase by 150 percent by 2030, Exowatt is positioning itself at the forefront of the next wave of energy innovation, providing dispatchable, clean, and locally produced solar power to support the rapid growth of AI and other high-demand applications.