Yotta Energy Secures $1.23 Million To Deploy A Solar + Energy Storage Project In An Underserved Southern California Community
Amount Raised
$1.23 Million
Round Type
seed
Description
With more than 30 percent of American households experiencing some form of energy insecurity, Yotta Energy, a leader in modular energy storage technology, was awarded $1.23 million from the California Energy Commission (CEC) to develop a solar and storage system to address energy inequality in lower-income areas. The project will include battery backup for a multifamily property located in Santa Ana, California, and will show how Yotta’s scalable technology can increase energy reliability and provide cost savings in underserved communities throughout California. In addition to economic benefits, the project will also examine reduction in greenhouse gas emissions, improvements to the surrounding environment, and implications to the existing utility grid by adding solar + storage in a low-income community.