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Yotta Energy Brings Total Series A To $16.5 Million And Secures $1.97 Million Award To Deploy Solar + Storage Microgrid At Nellis Air Force Base

Apr 26, 2022•over 3 years ago

Amount Raised

$1.97 Million

Round Type

series a

Austin

Description

As oil and gas prices continue to rise the world needs more alternative energy sources that increase resiliency and decrease dependence on fossil fuels. Yotta Energy, a leader in intelligent energy storage technology for the rooftop commercial and industrial (C&I) market, has raised an additional $3.5 million, including a strategic investment from inverter OEM partner APsystems, bringing its total Series A investment to $16.5 million. Additionally, ESTCP awarded Yotta $1.97 million for a new solar + storage microgrid project at Nellis Air Force Base in Las Vegas, Nevada. With this funding Yotta will accelerate the scaling of its panel-level solar-plus-storage system, develop new technology, and increase its headcount.

Company Information

Company

Yotta Energy

Location

Austin, Texas, United States

About

Yotta Energy is a renewable energy storage company headquartered in Austin, Texas. Yotta has developed unique PV-Coupled™ architecture, a smart energy storage solution designed to scale with rooftop solar PV projects effortlessly. At about the size of a briefcase, Yotta’s patented panel-level energy storage solution can fit under any industry standard solar module, neatly integrating with the solar racking array. Yotta’s technology features advanced thermal management to maintain an optimal working temperature even under extreme outdoor conditions. As an integrated software plus hardware solution, Yotta also helps address grid outages by enhancing grid resilience and reliability. Yotta’s technology allows for a much lower total installation cost for rooftop solar-plus-storage than any other current energy storage system available today. Learn more at www.yottaenergy.com.