Exowatt, a clean power company targeting AI-era energy needs, has opened an 11-acre Austin office, featuring 48,000 square feet of integrated office and warehouse space. The facility will serve as a hub for engineering, operations and manufacturing as the company scales production of modular energy systems. Founded in 2023, Exowatt recently closed a $50 million Series A extension and launched ExoRise, a business arm focused on turnkey powered land solutions in high-solar regions across the US Southwest. The Austin expansion positions the company in what has become the epicentre of US AI infrastructure buildout. Exowatt is backed by a16z, Atomic, Felicis, Overmatch Ventures and Sam Altman. The company aims to deliver dedicated renewable energy to meet growing AI and data centre demand.

Exowatt, a renewable energy startup, has appointed four executives to scale its dispatchable solar technology for AI data centres. The company's P3 system converts solar energy into heat for long-duration storage and on-demand power dispatch. Nic Bustamante joins as Chief Data Centre Officer to lead ExoRise, Exowatt's turnkey-powered land solution. Bill Flood becomes Head of Engineering, bringing 35 years of aerospace experience from Moog, Boeing and Lockheed. Kalyan Bhamidi joins as Head of Supply Chain & Manufacturing from Apple, where he led OLED technology and Vision Pro Display manufacturing. Pierson Stoecklein is appointed General Counsel & Head of Government Affairs, previously serving at Amazon Web Services. Founded in 2023, Exowatt is backed by a16z, Atomic, Felicis and Sam Altman.

Exowatt launches ExoRise at PTC: breaking the AI energy bottleneck. Fresh off a week of high-level sessions and networking at the Pacific Telecommunications Conference (PTC) in Honolulu, the Exowatt team is back with more than just industry insights. Exowatt, Inc. is proud to announce the official launch of ExoRise, its solution to the infrastructure bottleneck currently stalling the AI revolution. ExoRise is its direct response to the aging U.S. power grid - a physical roadblock that threatens America's leadership in the AI revolution. As hyperscalers race to build capacity, they are hitting a wall of grid interconnection timelines that stretch years into the future. ExoRise is the fast-track around that wall. What is ExoRise? Led by industry veteran and Exowatt's new Chief Data Center Officer, Nic Bustamante, ExoRise delivers turnkey powered land and energy infrastructure purpose-built for AI. By pairing strategic land development in the U.S. Southwest with its proprietary P3 modular solar technology, Exowatt, Inc. bypass the traditional strains on urban grids. Exowatt, Inc. is not just selling a product; Exowatt, Inc. is providing a "plug-and-play" solution for hyperscale deployment. * Accelerated Speed to Power: By developing in high-solar regions (NM, TX, AZ, NV), Exowatt, Inc. bypass years of utility bureaucracy. * 24/7 Dispatchable Solar: Unlike intermittent renewables, its P3 technology stores energy as heat, converting it to electricity on demand to power data centers day and night. * Integrated Infrastructure: As CEO Hannan Happi notes, "Hyperscalers should not have to piece together land, power, and infrastructure on their own." Exowatt, Inc. provide the full stack so its customers can focus on compute. A virtual reality deep dive. To give the industry a true sense of scale, Exowatt hosted an immersive virtual reality (VR) event at PTC. Attendees joined Hannan Happi and Nic Bustamante for a walkthrough of an ExoRise site, experiencing the future of modular energy firsthand. Exowatt, Inc. also took the stage for a featured panel. Hannan and Nic were joined by Bill Mazzetti, SVP, Rosendin and Scott Charter, Director of AI Strategy, Oracle to discuss why ExoRise is essential for maintaining a competitive advantage in the global AI arena. Three key takeaways. Its team of Exonauts walked away with a clear signal: the conversation has shifted from "How do we build?" to "How do we power?" These three insights from the ground in Honolulu confirm that ExoRise is meeting the market exactly where it's headed. * Energy is the New Alpha: Every session related to power and energy was standing room only. Energy is no longer just a utility cost; it has become the hottest "commodity" in the global data center industry. This shift is drawing a new crowd to the table, including high-level financiers, researchers, and policymakers all looking for the same thing: power certainty. * From Real Estate to "Power-First": Historically, data centers have been framed as a real estate game - land, buildings, and leases. While those elements still matter, the industry "moat" has shifted to execution. The winners will be the companies with a proven playbook for delivering physical power systems, navigating complex permitting and interconnection, and mobilizing skilled labor and capital. * Scalability is the Only Filter: The market is full of interesting ideas, but the industry is now applying a strict filter: Can this scale fast enough to keep up with AI? Speed and repeatability are the new gold standards. The winners will be those who can prove scalable, real-world deployment without being sidelined by supply chain or grid constraints. [Building the energy foundation for the future]. ExoRise is already addressing a 90+ GWh backlog of signed customer demand. With its first pilot project slated to be operational by the end of 2026, Exowatt, Inc. is not just building power plants - Exowatt, Inc. is building the energy foundation for the future of intelligence.