Yotta Energy is looking to expand their production and bring their products to new markets.
Yotta Energy which has been quoted as, “A leader in intelligent energy storage technology for the rooftop commercial and industrial market,” has raised a total of $16.5 million for its Series A investment.
ESTCP, the DoD’s environmental technology demonstration and validation program, has awarded Yotta $1.97 million for a new solar and microgrid project that will take place at Nellis Air Force Base in Las Vegas, Nevada. With funding now secured for Yotta, they are looking to accelerate and step up production for their products, develop new ones, and increase their company size.
Yotta’s Latest Innovation: A Microgrid Project on Nellis Air Force Base
Yotta is one of the first companies to truly integrate solar and storage and is looking to make its mark when it comes to solar energy solutions. A team of technology experts has come together to form Yotta and they strive to have humanity reach true energy independence.
Yotta partnered with APsystems to make their Dual Power Inverter (DPI), which would push to be interchangeable between solar and energy storage. APsystems provides microinverter technology to those in residential and commercial systems. Their goal is to bring customers reliable and intelligent energy in the most efficient way possible. The Environmental Security Technology Certification Program (ESTCP) has granted Yotta a $1.97 million award to start a new microgrid project on Nellis Air Force Base, which would allow for a continuation of sustainable solutions within their military bases.
ESTCP aims to find ways to demonstrate and implement ways to address the Department of Defenses’ high-priority environmental requirements.
“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 decentralize the energy generated by solar energy. With electric vehicle adoption also expanding, the need for businesses to produce their own electricity will only become more prudent.
We are helping to fill this gap by providing products and services that can help businesses manage additional electrical loads while maintaining the building’s electricity needs. With this funding, we will be able to accelerate our mission and further develop our hardware and software technology and add to our headcount.”
— Omeed Badkoobeh, CEO and Co-founder of Yotta Energy
Pushing for Cleaner Solar Energy
Following the total $16.5 million of Series A funding, Yotta and ESTCP are looking to accelerate and push for a cleaner environment that incorporates solar energy into everyday projects.
Timothy Tetreault, a project manager at ESTCP says that “Yotta provides a flexible solution for different use-cases on military installations.” After close analysis, the two companies have struck paths to find an efficient and sustainable way to produce and store solar energy, and potentially change the way military bases obtain and use their energy.
The Growing Trend of Geothermal Energy Projects on Campuses
We are seeing an uprising in major campuses around the US obtaining new funding as well as projects.
Whether this is military, school, or public campuses, these projects are taking place within densely populated areas. Smith College located in Northampton, Massachusetts is preparing to install a geothermal energy project on its campus starting this May.
This project will aim to eliminate the colleges’ fossil-fueled-fire steam heating system, meaning their carbon emissions will be reduced by 90% upon completion of this project. The project is being undertaken by Salas O’Brien and BOND Building and they are set to complete this project in three phases over the next six years.
