Funds will support the expansion of Glow’s solar grid in India, which is expected to replace the energy consumption of 34,000 households.
Ethereum-based protocol Glow has raised $30 million from venture capital firms to scale up its decentralized solar farms.
The round was led by Framework Ventures and Union Square Ventures, with participation from Lattice Ventures, Protocol Labs, Hack VC, HF0 and Alliance DAO.
According to an Oct. 31 announcement, the funds will support the scale of a solar grid that is expected to replace the energy consumption of 34,000 homes in India.
