Yotta Energy has raised $13 million to scale its unique, modular energy storage and microgrid technology, specifically designed to transform buildings into self-generating power plants. Led by WIND Ventures, the Series A round also includes follow-on investors Doral Energy-Tech Ventures, Riverstone Ventures, and returning investors, EDP Ventures, and SWAN Impact Network. Overall, the funding will allow Yotta Energy to expand product deployments in the U.S. and Latin America, increase company employment, open energy generation revenue for commercial flat-roof buildings, and help North and South America meet decarbonization goals. The round brings the company’s total funding to $20 million. Unlike the large, bulky batteries available today, Yotta’s flagship product, the SolarLeaf, is a distributed battery solution installed under individual solar panels. Like the distributed architecture of microinverters, Yotta’s module-level battery uses Lithium-Iron-Phosphate chemistry, one of the safest battery chemistries available, and is typically installed with three feet of spacing between each unit. Each battery has a 1 kWh nominal capacity, with an ideal system size of up to 1 megawatt-hour per scaled system. The SolarLeaf is designed to meet and exceed the strictest safety regulations for integrating energy storage into the built environment.
Yotta’s technology is designed specifically for flat roofs. It can store excess renewable energy on-site and act as a revenue generator by selling power back to the grid. Yotta’s PV-Coupled solution removes the high costs of bulky container systems, utilizes thermal management to keep batteries cool, offers location engineering design, and streamlines permitting, all of which can negate the potential economic benefits of running a business on renewable energy. The smaller footprint and scalable format maximize battery life and performance under extreme temperature conditions. Users can scale at any time to increase energy generation and storage as businesses grow, ultimately giving customers the flexibility to expand their sustainability initiatives and control their energy. With deployments across several states, including California and Texas, and pilot projects with several utilities, Yotta’s commercial rooftop applications are gaining traction with the commercial and industrial markets. Most recently, the company cemented a 12-project deal with Louisiana commercial solar installer EcoBuild; the first of which is a 87kW solar and storage microgrid system. 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.