Jacksonville, FL, January 22, 2026
Exowatt, a Miami-based renewable energy startup, has introduced ExoRise, designed to meet the growing energy demands of AI applications with sustainable data centers. By utilizing its proprietary P3 solar technology, ExoRise aims to provide efficient energy solutions while minimizing community disruption. With Nic Bustamante at the helm, the initiative is set to revolutionize renewable energy in regions with high solar potential across the U.S. Southwest. As Exowatt anticipates significant expansion, it highlights the importance of entrepreneurship in fostering sustainable growth in Florida’s economy.
Exowatt Launches ExoRise: A New Era for Sustainable Data Centers
Innovative renewable energy startup Exowatt aims to power AI with sustainable solutions
Jacksonville, FL – A promising development in the renewable energy sector arose recently as Exowatt, a Miami-based startup, unveiled ExoRise, its newest venture targeting the fast-growing demand for energy due to artificial intelligence (AI) applications. This initiative not only highlights the entrepreneurial spirit that drives Florida’s economy but also underscores the potential for innovative technologies to create sustainable solutions. As businesses face increasing energy demands, fostering an environment that supports initiatives like ExoRise can benefit Jacksonville and the broader Florida economy.
Exowatt’s strategic move demonstrates how reduced regulations and a focus on sustainable solutions can spark entrepreneurship. By combining land development with cutting-edge solar technology, ExoRise seeks to streamline data center deployment while ensuring minimal disruption to local communities.
ExoRise’s Mission and Innovative Approach
ExoRise emerges as a game-changer in the renewable energy landscape. This new business arm is primarily dedicated to developing turnkey data centers powered by Exowatt’s proprietary P3 solar technology. The P3 system captures solar energy, stores it as heat, and converts it into electricity on demand, providing up to 24 hours of dispatchable energy daily. The initiative focuses on regions with high solar potential across the U.S. Southwest, including areas like New Mexico, West Texas, Arizona, and Nevada, to quickly meet data center requirements.
Leadership Steering ExoRise’s Success
Leading ExoRise is Nic Bustamante, who brings valuable experience from his tenure with industry giants such as Microsoft, Google, and Apple. Bustamante will spearhead partnerships with hyperscalers and infrastructure financiers, emphasizing the delivery of scalable and dependable power solutions. His leadership signifies confidence in Exowatt’s innovative model and enhances opportunities for collaboration within the tech and renewable energy sectors.
Exowatt’s Foundation and Growth Trajectory
Founded in 2023 by entrepreneurs Hannan Happi and Jack Abraham, Exowatt is focused on designing modular thermal energy storage systems to meet the energy needs of power-intensive applications, such as data centers. The company has quickly garnered attention, closing a $70 million Series A funding round in April 2025, which has brought total funding to $90 million. This investment will support the deployment of the P3 system and further U.S. manufacturing efforts, positioning Exowatt as a significant player in the renewable energy field.
Plans for Expansion and Future Endeavors
Looking ahead, Exowatt’s ambitions include doubling its workforce to facilitate the growth of ExoRise. The company anticipates that its first ExoRise pilot project will be operational by the end of 2026, setting the stage for an impressive backlog of over 90 GWh of signed customer demand. Such strides signal a positive trend for business innovation that prioritizes sustainability in meeting energy needs.
Conclusion
The launch of ExoRise illustrates the resilience and adaptability of Florida’s entrepreneurial landscape. As startups like Exowatt lead the way in sustainable energy solutions, communities in Jacksonville and beyond can look forward to cleaner, more efficient operations that cater to the high-energy demands of modern technology. Supporting local businesses that prioritize innovation and environmental stewardship will be crucial in shaping a prosperous economic future for Florida.
Frequently Asked Questions
- What is ExoRise?
- ExoRise is a new business arm launched by Exowatt to develop turnkey data centers powered by Exowatt’s proprietary solar technology, aiming to meet the growing energy demands of AI applications.
- Who is leading ExoRise?
- Nic Bustamante, formerly of Microsoft, Google, and Apple, will lead ExoRise’s partnerships with hyperscalers and infrastructure financiers.
- What is Exowatt’s P3 system?
- The P3 system is a modular, dispatchable solar solution that captures solar energy, stores it as heat, and converts it to electricity on demand, providing up to 24 hours of dispatchable energy daily.
- How much funding has Exowatt raised?
- As of April 2025, Exowatt has raised a total of $90 million, including a $70 million Series A funding round, to support the deployment of the Exowatt P3 system and the expansion of U.S. manufacturing.
- What are Exowatt’s future plans?
- Exowatt plans to double its headcount this year to support the expansion of ExoRise and expects its first ExoRise pilot project to be operational by the end of 2026, serving as a launchpad for its 90+ GWh backlog of signed customer demand.
| Key Feature | Description |
|---|---|
| ExoRise | A new business arm launched by Exowatt to develop turnkey data centers powered by Exowatt’s proprietary solar technology, aiming to meet the growing energy demands of AI applications. |
| Nic Bustamante | Formerly of Microsoft, Google, and Apple, he will lead ExoRise’s partnerships with hyperscalers and infrastructure financiers. |
| P3 System | A modular, dispatchable solar solution that captures solar energy, stores it as heat, and converts it to electricity on demand, providing up to 24 hours of dispatchable energy daily. |
| Funding | As of April 2025, Exowatt has raised a total of $90 million, including a $70 million Series A funding round, to support the deployment of the Exowatt P3 system and the expansion of U.S. manufacturing. |
| Future Plans | Exowatt plans to double its headcount this year to support the expansion of ExoRise and expects its first ExoRise pilot project to be operational by the end of 2026, serving as a launchpad for its 90+ GWh backlog of signed customer demand. |
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Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
