Yotta Energy Secures $1.97 Mn Award to Deploy Solar + Storage Microgrid at Nellis Air Force Base

Energy storage leader Yotta Energy 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 Nevada’s Nellis Air Force Base.

"We see tremendous growth potential in rooftop solar-plus-storage, but much more than that, Yotta has produced an innovative, module-level commercial energy storage solution that no one else is doing right now,” said Olivier Jacques, President of Global Business Units, APsystems. “During our time working with Yotta, we have seen firsthand the positive disruption they are making in the industry. No zoning, no concrete, and efficient energy storage direct to DC. It was an obvious choice to support Yotta in its Series A raise."

Yotta had earlier partnered with APsystems to develop the company’s Dual Power Inverter (DPI), the first power conversion system designed to be interchangeable between solar and energy storage. 

Yotta Energy supplies modular solar-plus-storage microgrid solutions that let C&I building owners govern their energy and high energy rates. Yotta's PV-Coupled Architecture, which consists of the SolarLEAF product and Dual-Power Inverter, gives customers a distributed battery solution installed under individual solar panels that can store excess renewable energy on-site and act as a revenue generator by utilizing stored energy when electricity rates are high.

"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," said Omeed Badkoobeh, CEO and Co-Founder, Yotta 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."