Glow, an Ethereum-based protocol, has secured $30 million from VC firms to expand its decentralized solar farms. Led by Framework Ventures and Union Square Ventures, the funding round also saw participation from Lattice Ventures, Protocol Labs, Hack VC, HF0, and Alliance DAO. The investment aims to support the growth of a solar grid that is set to replace the energy consumption of 34,000 homes in India. Glow has rapidly evolved from a US rooftop solar project to a network with multi-million dollar solar farms in India, projected to eliminate over 85,000 tons of CO2 emissions. Leveraging DePIN protocols, Glow allows collective ownership, maintenance, and profitability of infrastructure like solar energy grids. With a revenue of $5 million and expansion in Rajasthan, India, Glow stands out as a profitable DePIN network. The protocol rewards solar farms with GLW tokens and stablecoins for their electricity output and carbon credits, prioritizing regions with high carbon emissions for maximum environmental impact. Read more AI-generated news on: https://app.chaingpt.org/news

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