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Exowatt delivers modular solar-thermal energy systems that provide clean, dispatchable power for AI-driven data centers and industrial-scale infrastructure.
Hannan Parvizian – Co-Founder & Chief Executive Officer
Jack Abraham – Co-Founder & Chairman
Exowatt is addressing the defining constraint of the AI era: megawatts. As artificial intelligence accelerates global electricity demand, particularly from data centers, Exowatt provides a scalable, deployable solution that combines solar capture, long-duration thermal storage, and on-demand electricity generation in a single containerized system. Its modular platform stores heat for up to five days in a patented silicon composite battery and converts it into reliable baseload power without grid dependence. At roughly $1.5 million per megawatt and deployable in under 12 months, Exowatt offers similar stability to nuclear approaches at a fraction of the capital cost and timeline.
Unlike many emerging energy technologies, Exowatt is operational today. The company holds more than $2 billion in signed backlog and has secured multi-billion-dollar commercial commitments from hyperscale customers, including a $5 billion conditional commitment from Meta over five years. With over 90 GWh in contracted demand, Exowatt is already embedded in the AI infrastructure buildout reshaping the global economy.
Backed by top-tier investors including Andreessen Horowitz, Atomic, Felicis, Thrive, Starwood, and HSBC, and with Sam Altman on the cap table, Exowatt is positioned for rapid scale. Goldman Sachs has been engaged to assess the company’s public market readiness, with discussions pointing toward a potential IPO as early as 2026. Led by CEO Hannan Parvizian, formerly of Tesla, GE, and Siemens, and supported by executives from SunPower, NextEra, ExxonMobil, Blue Origin, and GE Aerospace, Exowatt combines elite manufacturing expertise with energy innovation. In a world where AI growth is constrained by power availability, Exowatt offers a near-term, commercially validated solution with asymmetric upside.