Exowatt, a leader in next-generation renewable energy solutions, has announced the debut of its flagship product, the Exowatt P3. This cutting-edge modular energy system is designed to address the increasing power needs of data centers and other energy-intensive industries. The launch follows a successful $20 million seed round funded by a16z, Atomic, and Sam Altman.
“We are revolutionizing sustainable energy delivery with the Exowatt P3, a game-changing solution in clean energy technology,” said Hannan Parvizian, CEO of Exowatt.
The Exowatt P3 represents a significant advancement in energy generation and storage, offering a flexible system that delivers both dispatchable electricity and high-temperature thermal energy. Its modular design makes it suitable for diverse applications, including data centers and other commercial and industrial uses.
Key features of the Exowatt P3 include:
- Advanced Technology: Harnesses solar energy through specialized lenses and stores it in a long-duration, sensible heat battery.
- Compact and Efficient: Fits within a 40-foot shipping container footprint, providing a “install and forget” system with minimal maintenance requirements.
- Cost-Effective: Generates electricity at an industry-leading cost of under 4 cents per kWh, with potential energy expense reductions of up to $35 million and CO2 emissions reductions of 438,000 tons for average data center projects.
- Modular and Scalable: Adapts to projects of any size, scaling with workload and infrastructure needs.
- Low Operating Costs: Designed for minimal maintenance, reducing long-term operational expenses.
- Zero Carbon Emissions: Supports sustainability goals with clean, renewable energy.
- Made in the USA: Features domestically sourced materials, enhancing national infrastructure and resilience.
“The P3 is the world’s first modular full-stack energy solution that delivers reliable, low-cost energy for AI-driven data centers and industrial applications,” Parvizian added. “Exowatt is committed to advancing innovation and sustainability in the energy sector, and our technology will be pivotal in the global energy supply.”
The Exowatt P3 addresses critical challenges in current renewable energy solutions:
- Dispatchable Energy: Provides on-demand energy, unlike traditional renewables that generate intermittently.
- Built-in Storage: Features low-cost thermal storage, eliminating the need for expensive electrochemical batteries.
- Versatile Output: Meets 90% of industrial energy needs, including both electricity and heat.
- Rapid Deployment: Allows for quick installation compared to traditional baseload power plants.
- Sustainable Supply Chain: Constructed from sustainably sourced materials, avoiding the need for rare earth minerals.
Exowatt currently has a demand backlog of over 1.2 gigawatts from data centers across the U.S. and plans to begin deployments later this year. Interested parties can explore partnership opportunities and pre-order the Exowatt P3 by visiting www.exowatt.com.
The Exowatt P3 was introduced at RE+ 2024, North America’s largest clean energy event, held in Anaheim, California.
