OpenWorld (NASDAQ: OPNW) Signs Term Sheet to Finance Solar-Powered, Distributed AI Computing Network Initially Integrated with Residential Battery Storage with Tokenized Financing Program of up to $1 Billion
Business Wire•15/10/2026•08:30 ET
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Key Highlights
- ➤Up to $1 billion tokenized financing program planned with Meridian
- ➤Initial deployment targets 10,000 homes with distributed AI compute nodes
- ➤Test installations scheduled for Q4 2026; first commercial site targeted Q1 2027
- ➤OpenWorld will structure, administer and operate financing through OpenWorld Enterprise
- ➤Non-binding term sheet remains subject to due diligence and definitive agreements
Expert Statements
Matt Shaw, CEO and Chairman of OpenWorld
“Access to power is a major constraint on the growth of AI infrastructure”
Matt Shaw, CEO and Chairman of OpenWorld
“By bringing computing equipment to homes and commercial properties through solar generation and battery storage, we can build AI capacity closer to the power source instead of waiting years for a grid connection.”
Matt Shaw, CEO and Chairman of OpenWorld
“Our term sheet with Meridian brings together the tokenization, financing and operating capabilities needed to develop this network at scale, and it shows what OpenWorld Enterprise is built to do: turn real-world assets into financeable, on-chain infrastructure.”
Josh Raffaelli, Founder of Meridian and clean energy investor
“Residential battery storage is the foundation of this program.”
Josh Raffaelli, Founder of Meridian and clean energy investor
“OpenWorld will help us finance the equipment, turning solar generation and battery storage at participating properties into infrastructure that can serve growing demand for AI computing.”
OpenWorld (NASDAQ: OPNW) Signs Term Sheet to Finance Solar-Powered, Distributed AI Computing Network Initially Integrated with Residential Battery Storage with Tokenized Financing Program of up to $1 Billion
Agreement is entered into with Meridian, a venture led by former Tesla Board Observer and Private Equity Investor with experience in Solar City, now Tesla, and Twitter Go Private
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