In a fresh funding round, Glow secured $30 million, led by Framework and Union Square Ventures.

In a press release, Glow said the proceeds will be used to accelerate the adoption of renewable energy and decentralize the global energy grid in India and around the globe.

In 2023, Glow launched a Decentralized Physical Infrastructure Network (DePIN) that links solar farms and creates an efficient and sustainable energy ecosystem. It provides financial assistance to struggling solar farms while incentivizing energy production and carbon reduction. The help these farms get going contributes to a reward pool that benefits the entire network.

The company can produce high-quality carbon credits by focusing on regions with high sunlight and low electricity costs. The company can continue its subsidy program because of the value generated by the sale of these credits.

Glow says its efforts are in line with India's goal of generating 500 gigawatts of solar power by the year 2030. The government's initiatives, such as the International Solar Alliance support, the Production-Linked Incentive (PLI) scheme, and the Solar Park Development Scheme, demonstrate a strong commitment to expanding solar energy capacity and promoting renewable energy both domestically and globally.

There are three solar farms in Rajasthan that have already gone live, according to Glow.

Over 300 sunny days annually and large tracts of non-arable land are some of the things that Rajasthan has to offer in India's renewable energy sector. Goal of 30 gigawatts of solar power by FY25 is in line with Glow's goal of promoting energy independence in India.