Deals Counterparts

DG Matrix to supply Interport device to Exowatt

Supply Agreement Data Center announced Feb 18, 2026
USD60M
Deal Value
2.4 MW
Capacity

DG Matrix will provide its Interport device to Exowatt, which is building solar-plus-storage containers to supply data centers with 24/7 electricity. The Interport device acts as a router for power.

Source Intelligence

KEY DETAILS

DG Matrix is in the process of rolling out initial units to customers in June. Its next product will be a sidecar to supply data center racks with power that builds on the technology the company has already developed. Currently, data centers represent about 90% of DG Matrix’s pipeline, with the remainder devoted to EV charging for fleets. "When you are using only 10%, 15% of the components that legacy is using, you’re going to be far more reliable,” he added.

Deal Size
One solid-state transformer startup, DG Matrix , has raised $60 million in a Series A round, TechCrunch has exclusively learned.
Capacity
One Interport can handle up to 2.4 megawatts of connections.
Announcement
February 18, 2026
PARTIES MENTIONED IN SOURCE
D
DG Matrix seller

"The company also recently announced a deal to provide its Interport device to Exowatt"

E
Exowatt buyer

"The company also recently announced a deal to provide its Interport device to Exowatt, the startup building solar-plus-storage containers to supply data centers with 24/7 electricity."

E
Engine Ventures investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

A
ABB investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

C
Cerberus Ventures investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

C
Chevron Technology Ventures investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

C
Clean Energy Ventures investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

F
Fine Structure Ventures investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

H
Helios Climate Ventures investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

M
MCJ investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

P
Piedmont Capital investor

"Engine Ventures led the round with ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital participating."

high quality Enriched Feb 19, 2026

Timeline

Announced
Feb 18, 2026
Signed
Closed

Market Context

This deal is part of the Data Center sector.
137
Data Center deals
1 of 129 Data Center deals tracked this month · Updated daily

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