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Glow Labs
Glow is an Ethereum-based solar infrastructure protocol that uses game theory and ledger technology to subsidize the construction of solar farms. It aims to scale clean energy by reinvesting electricity revenue into building more solar infrastructure, ensuring transparency and accountability for its supporters.
Distributed
Description
Glow Protocol is an Ethereum-based solar infrastructure project and Decentralized Physical Infrastructure Network (DePIN) focused on replacing the traditional energy grid with 100% renewable energy. The company operates a protocol that functions as a new type of solar subsidy, utilizing game theory and a 'recursive subsidy' model where all electricity revenue is reinvested to build more solar capacity. Glow incentivizes the construction of new solar farms by rewarding them with GLW tokens for electricity production and USDC for the carbon credits they generate. To ensure transparency and authenticity, the protocol leverages modern ledger technology and verifies its projects through a combination of AI, IoT, satellite data, and physical audits. Launched in December 2023, Glow is backed by investors including Framework Ventures, Union Square Ventures, Alliance, HF0, Lattice, Protocol Labs, and Hack VC.Grant Funding
VC Funding
None
2024
$0
$30M