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Exowatt Stock

Private Company · Price from Clarity
$0.93 0.00 (0.00%)
As of Oct 22, 2026
34.78%
Valuationn/a
Valuation DateNov 12, 2025
Implied Valuationn/a
Last Price$0.93
52-Week High$0.96
52-Week Low$0.50
YTD Return+34.78%
1-Year Return+34.78%
3-Year Returnn/a
Total Funding$140M1
Latest Round Amount$50M1
Latest RoundSeries A ext.
Funding Rounds3
IPO StatusUnknown
Expected IPO Daten/a
Revenuen/a
Revenue Typen/a
P/S Ration/a

About Exowatt

Exowatt is a renewable energy company that builds modular solar systems designed to power data centers around the clock. Its flagship Exowatt P3 is a 40-foot container topped with proprietary Fresnel lenses that concentrate sunlight onto a thermal storage bed of sand, dirt and slag heated to roughly 1,000 C, and an integrated heat engine converts the stored heat back into electricity on demand for up to 24 hours a day. Because the units sit next to the customer's load, they can be deployed behind the meter without waiting years for a grid interconnection. Exowatt makes money by selling P3 systems to data center operators, energy developers and industrial customers, and through ExoRise, a business arm launched in January 2026 that packages land, power and data center shells into turnkey projects across the U.S. Southwest. It was co-founded by Jack Abraham, the founder of the venture studio Atomic.

Founded 2023
Country United States
CEO Hannan Happi
Founders Hannan Happi, Jack Abraham
Headquarters Miami, FL

Invest in Exowatt

Exowatt is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Clarity (formerly Hiive).

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News

Sam Altman-backed Exowatt targets 'Frontier Land' data centers with modular solar thermal storage

pv magazine USA detailed Exowatt's ExoRise powered land strategy and the technical specification of the P3, which heats a bed of domestically sourced sand, dirt and slag to around 1,000 C and stores 1...

3 months ago - pv magazine USA

Exowatt Appoints Suchet Singh as Chief Financial Officer

Exowatt named Suchet Singh as its first Chief Financial Officer. Singh joins from Terra Energy and previously held finance leadership roles at Alphabet's Verily Health Platforms and Amazon.

4 months ago - Exowatt

Exowatt Expands to Austin as AI-Driven Power Demand Reshapes U.S. Energy Infrastructure

Exowatt opened an Austin, Texas office on an 11-acre campus with 48,000 square feet of office and warehouse space. The site will serve as a hub for engineering, operations and manufacturing as the com...

7 months ago - Business Wire

Exowatt Scales Executive Team to Meet AI's Surging Energy Demand with Dispatchable Solar

Exowatt announced four executive appointments: Nic Bustamante as Chief Data Center Officer leading ExoRise, Bill Flood as Head of Engineering, Kalyan Bhamidi as Head of Supply Chain and Manufacturing ...

8 months ago - Exowatt

DG Matrix and Exowatt Form Strategic Partnership to Deliver Gigawatt-Scale, Dispatchable Power for the AI Era

Exowatt selected DG Matrix's Interport solid-state transformer as a preferred power conversion platform for its P3 and ExoRise deployments. The companies said the combination is designed for behind-th...

8 months ago - Business Wire

Sam Altman-backed Exowatt launches arm to power data centers with renewables

Utility Dive reported that Exowatt's new ExoRise arm will develop powered land projects in high-solar regions of the U.S. Southwest, backed by a 90 GWh backlog of signed customer demand.

8 months ago - Utility Dive

Sam Altman-backed Exowatt launches arm to power data centers with clean energy

ESG Dive reported on the ExoRise launch, which pairs remote land in the U.S. Southwest with Exowatt's solar and thermal storage technology for behind-the-meter and off-grid data center power.

9 months ago - ESG Dive

Exowatt Launches Land and Clean Energy Solutions Business for Hyperscale Data Centers

ESG Today covered the ExoRise launch and its aim of reducing hyperscalers' reliance on lengthy grid interconnection timelines. The business was unveiled at the PTC Conference following the company's $...

9 months ago - ESG Today

Exowatt Launches 'ExoRise' to Deliver Turnkey Powered Land and Energy for the AI Era

Exowatt launched ExoRise, a business arm that combines land development with its P3 technology to deliver powered sites for hyperscale data centers in New Mexico, West Texas, Arizona and Nevada. The c...

9 months ago - Exowatt

Sam Altman-Backed Exowatt Raises $50 Million to Power Data Centers with Round-the-Clock Clean Energy

Exowatt secured $50 million led by MVP Ventures and 8090 Industries to deploy round-the-clock renewable power near AI data centers across the U.S.

11 months ago - ESG Today

Sam Altman-backed Exowatt wants to power AI data centers with billions of hot rocks

TechCrunch reported the $50 million Series A extension and detailed how Exowatt's container-sized P3 units store solar heat in bricks and run it through a Stirling engine. CEO Hannan Happi said the ex...

11 months ago - TechCrunch

Exowatt has a rock-solid plan to provide cheap, abundant energy for AI data centers

SiliconANGLE covered Exowatt's $50 million raise and its plan to reach one cent per kilowatt-hour by scaling production to a million thermal battery units a year. The article notes the company has bui...

11 months ago - SiliconANGLE

Exowatt Raises Additional $50 Million to Accelerate U.S. Rollout of Dispatchable Solar for the AI Era

Exowatt closed a $50 million extension to its April 2025 Series A, led by MVP Ventures and 8090 Industries, bringing total funding to $140 million to scale U.S. manufacturing and P3 deployments for AI...

11 months ago - Business Wire

Exowatt Raises Additional $50 Million to Accelerate U.S. Dispatchable Solar for the AI Era

Exowatt raised $50 million in a Series A extension led by MVP Ventures and 8090 Industries, bringing total funding to $140 million to deploy solar thermal storage near AI data centers.

11 months ago - Exowatt

Exowatt Raises Additional $50 Million to Accelerate U.S. Rollout of Dispatchable Solar for the AI Era

Exowatt announced $50 million in additional funding led by MVP Ventures and 8090 Industries as an extension of its April 2025 Series A. The company said the capital brings it to $140 million raised in...

11 months ago - Business Wire

Exowatt closes $70M Series A for modular dispatchable solar aimed at data centers

Exowatt raised $70 million in April 2025 to scale production of its P3 dispatchable solar system, citing more than 90 GWh of data-center demand backlog.

1 year ago - Data Center Dynamics

Exowatt Closes $70 Million in Series A Funding to Deploy and Scale the Exowatt P3

Exowatt closed a $70 million Series A led by Felicis, made up of $35 million of equity and $35 million of debt from HSBC Innovation Banking and other lenders. The company said the round brought its to...

1 year ago - Exowatt

Exowatt Launches with $20 Million to Modernize Data Center Power for the AI Era

MIAMI--(BUSINESS WIRE)--Exowatt, a next-generation renewable energy company, today unveiled a first-of-its-kind modular energy platform designed to power energy-intensive data centers along with a $20...

Other symbols: HIMS
2 years ago - Business Wire