Yotta Energy has secured a $1.97 million award to deploy a solar + storage microgrid at Nellis Air Force Base in Las Vegas.
Yotta Energy, a Texas headquartered renewable energy storage company, secured the award from the Department of Defense Environmental Security Technology Certification Program (ESTCP).
The funds will be going into a new solar + storage microgrid project at Nellis Air Force Base in Las Vegas, Nevada.
“Yotta Energy is a great candidate for this [ESTCP] program because of the distributed and flexible solution the technology provides for different use-cases on military installations,” said Timothy Tetreault, Project Manager at ESTCP.
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In addition to the funding from DoD, Yotta Energy announced that the company 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.
Yotta previously partnered with APsystems to develop the company’s Dual Power Inverter (DPI), a power conversion system designed to be interchangeable between solar and energy storage. Yotta and APsystems are also collaborating on the development of a 480-volt, 3-phase, microinverter to scale and compete with string inverters in C&I applications.
This latest funding will also allow Yotta Energy to incorporate customer feedback as it develops its hardware technology and begins work on the Nellis deployment.
“As the rooftop solar-plus-storage market continues to grow rapidly, there is a severe shortage of technology that can help C&I buildings efficiently distribute and decentralise the energy generated by solar energy,” said Omeed Badkoobeh, CEO and co-founder of Yotta Energy.
“With electric vehicle adoption also expanding, the need for businesses to produce their own electricity will only become more prudent. (…) With this funding, we will be able to accelerate our mission and further develop our hardware and software technology and add to our headcount.”
Last year, Yotta Energy raised $13 million in capital from investors WIND Ventures, Doral Energy-Tech Ventures, Riverstone Ventures, EDP Ventures, and SWAN Impact Network to scale and accelerate the installation of Yotta’s PV-Coupled solar-plus-storage flat-roof energy backup solutions.
