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Exowatt completes $20 million financing, a16z participates

Start-up Exowatt has announced that it is responding to the energy needs of data centers with its ceramic battery technology. The company claims that its technology can store solar energy for months, helping to cope with the rapid growth of power consumption in data centers. The company has received a $20 million seed round of financing from investors including a16z and Altman. According to reports, Exowatt has accumulated 1.2 gigawatts of orders, mainly focused on data centers and crypto mining projects in the United States.