London-based Fuse Energy, a disruptive firm founded by Revolut alumni, has closed a $70 million Series B funding round. This investment catapults the company's valuation to an impressive $5 billion, underscoring significant market confidence in its mission. The round, co-led by Balderton Capital and Lowercarbon Capital, will fuel the company's ambitious plans for global expansion and innovation.
A Vertically Integrated Approach to Energy
Fuse Energy distinguishes itself with a unique, vertically integrated model covering the energy lifecycle from "source to socket." The company manages every stage, including renewable site construction, power generation, and direct consumer supply. This comprehensive control is designed to eliminate the inefficiencies inherent in traditional, fragmented energy markets and create a seamless system.
By internalizing the process, Fuse aims to deliver cheaper, more abundant power while simplifying the customer experience. CEO Alan Chang stated this approach, combined with a "relentless focus on efficiency," allows them to solve problems others cannot. This strategy is central to their goal of fundamentally transforming the complex energy landscape for the better.
Fueling International Expansion
The fresh injection of $70 million is primarily earmarked to accelerate Fuse Energy's aggressive international growth strategy. The company has announced plans to launch supply operations in the United States, Ireland, and Spain. This move represents its first major push beyond its UK home market and is a critical step toward globalizing its model.
In addition to entering new countries, the funding will support the scaling of "The Energy Network" across global markets. This initiative is key to Fuse's vision of building resilient and adaptable grids capable of meeting modern energy demands. The investment provides resources to navigate new regulatory environments and deploy its infrastructure on a wider scale.
Ambitious Projects and Product Innovation
Fuse Energy's ambitions extend beyond geography to include massive infrastructure and technology development. The company has outlined a goal to develop one terawatt of solar, wind, and energy storage projects globally. This large-scale commitment to renewable generation positions Fuse as a future leader in the clean energy transition.
To complement its grid-scale efforts, Fuse is innovating for the consumer market with new hardware and software. The company plans to introduce a "Plug-and-Play Solar-Battery Kit" to make home energy generation more accessible. It will also roll out "Autopilot," an intelligent home energy operating system designed to optimize power usage and reduce costs.
Investor Confidence in a Vision for the Future
The investment round was co-led by esteemed venture firms Balderton Capital and Lowercarbon Capital, signaling powerful market validation. This backing reflects a strong belief in Fuse's potential to disrupt the legacy energy sector. The financial endorsement underscores confidence in the company's strategy, leadership, and execution since its founding in 2022.
Daniel Waterhouse of Balderton Capital emphasized the growing need for sustainable power to support technological growth, particularly with the rise of AI. He praised Fuse for "rebuilding the entire energy system from first principles" with a focus on efficiency and scale. Waterhouse commended the team's massive ambition and the remarkable pace of their execution, reinforcing the firm's support.
With its new $5 billion valuation and $70 million in funding, Fuse Energy is powerfully positioned to challenge the status quo. The company's integrated model, combined with its plans for global expansion and innovation, sets a clear path toward its goal of providing abundant, low-cost energy. As it scales, Fuse is poised to become a defining company in the future of the global energy system.