Exowatt, the renewable energy developer, announced the launch of ExoRise, a new business arm which delivers powered land and energy infrastructure for hyperscale data centers.
According to Exowatt, the new business comes as U.S. electricity demand has accelerated faster than any time in two decades, driven largely by compute-intensive AI clusters reshaping grid-planning priorities across multiple states.
ExoRise combines powered land development with Exott’s P3 solar technology, which stores energy as heat and converts it to electricity on demand. The project will be located in high-solar regions across the US Southwest, which is characterized by ample land and solar resources, the company said.
In order to meet the surge in AI power demand, Exowatt said that it intends to provide customers with a turnkey product which will accelerate time-to power for hypescalers, reducing reliance on lengthy grid-interconnection timelines. ExoRise was formally launched at the PTC Conference, with the first pilot project expected to be operational by the end of 2026.
Exowatt CEO Hannan Happi said:
“Hyperscalers should not have to piece together land, power, and infrastructure on their own. ExoRise delivers everything together so customers can focus on compute while we handle the power.”
Founded in 2023, Miami-based Exowatt will lead partnerships with hyperscaler off-takers and infrastructure financiers. The business model is based on delivering scalable, dependable power solutions that accelerate time-to-market for AI capacity.
The launch of the new business follows a $50 million capital raise by Exowatt in November 2025, with the company targeting the proceeds towards the deployment of its round-the-clock renewable energy technology near AI data centers and industrial sites across the U.S.
Exowatt Chief Data Center Officer Nic Bustamante said:
“The growth of AI is colliding with real limits on grid capacity. ExoRise is designed to solve that problem by delivering dependable power at the speed AI requires. We’re not just solving a business problem–we’re enabling the future of American AI leadership.”
