Modular clean energy solution Exowatt completes $20 million financing, with participation from a16z

ChainCatcher news, modular clean energy solution Exowatt has completed a $20 million seed round financing, with participation from a16z and OpenAI CEO Altman.

Exowatt addresses the energy demands of data centers through its ceramic battery technology. The company claims its technology can store solar energy for months, helping to cope with the rapid growth of electricity consumption in data centers. Exowatt employs a "modular system" to generate, store, and schedule clean energy.

It is reported that Exowatt has accumulated 1.2 gigawatts of orders, primarily focused on data centers and cryptocurrency mining projects in the United States.