Yotta Energy secures $16.5 in funding, lands Air Force base microgrid deal – pv magazine USA

The new funds will allow the company to accelerate the scaling of its solar storage system to the panel level, develop new technologies and increase its workforce.

Yotta Energy announced that in addition to the previously announced $13 million the company has raised from a group of investors to further develop its rooftop energy storage solution, it has raised $3.5 million additional dollars, including a strategic investment from UPS OEM partner APsystems, bringing its total Series A investment to $16.5 million.

According to Yotta, the company will use the funding to accelerate the scale of its solar system plus panel-level storage, develop new technologies and increase its workforce. Yotta’s unique energy storage solution includes a one kilowatt-hour battery that mounts under a roof-mounted solar module. This panel-level solution fits under any industry-standard solar module, according to the company. In addition to charging the battery from the PV system, Yotta’s energy storage system provides software control of runtime.

In addition to the funding, Yotta also announced that it had received $1.97 million from the Department of Defense’s Environmental Security Technology Certification Program (ESTCP) for a new solar microgrid and storage project at Nellis Air Force Base in Las Vegas, Nevada. According to Yotta, the installation will feature hardware tweaks and innovations driven by customer feedback, but not much else is known about the project.

“Yotta Energy is a great candidate for this [ESTCP] program because of the distributed and flexible solution the technology offers for different use cases on military installations,” said Timothy Tetreault, project manager at ESTCP. “We are excited to implement this technology at Nellis Air Force Base as we strive to future-proof our military with resilient and long-lasting solutions.”

Yotta Energy’s lithium-iron-phosphate battery is a 1 kWh unit that accepts up to four solar panels. The company says the system can scale up to 1 MWh of battery power, or 1,000 units.

Each battery can be wired with up to four solar panels, although two panels are considered optimal. The 1.2kW microinverter can handle up to four 440W+ solar panels, with one battery per panel. The unit has a default 10 year warranty, and a 15 year extension is available.

This content is copyrighted and may not be reused. If you wish to cooperate with us and wish to reuse some of our content, please contact: [email protected]

Comments are closed.