Fuse Energy Secures $70M Funding to Expand On-Chain Energy Network

Source: DefiPlanet Original Title: Fuse Energy Secures $70M Funding to Expand On-Chain Energy Network Original Link:

Quick Breakdown

• Fuse Energy raises $70M, valuing the company at $5B, to accelerate The Energy Network and international expansion.
• $ENERGY token incentivizes users to contribute to grid flexibility, with SEC regulatory clarity secured.
• Vertical integration and hardware solutions enable lower-cost, scalable, and efficient energy delivery.

Overview

Fuse Energy, Europe’s fastest-growing energy scaleup, has secured an additional $70 million in funding, lifting its valuation to $5 billion. Led by Balderton Capital and Lowercarbon Capital, the funding round includes participation from all major existing investors and new backers such as Revolut founder Nik Storonsky’s QuantumLight. The capital will accelerate the launch of Fuse Energy’s on-chain platform, The Energy Network, and support its international expansion.

On-Chain Grid Innovation and $ENERGY Token

The Energy Network, currently in beta, is an on-chain coordination system designed to scale grid capacity by connecting households, EV chargers, batteries, and solar panels to energy and flexibility markets. By leveraging blockchain-based incentives through its native token, Energy Dollar ($ENERGY), Fuse Energy encourages users to contribute to grid stability. The project addresses network congestion, which the company estimates has caused $70 billion in wasted energy since 2020.

Fuse Energy has secured regulatory clarity for $ENERGY through a No-Action Letter from the U.S. SEC, paving the way for token listings in early 2026.

Rapid Growth and Vertical Integration

Founded in 2022 by ex-Revolut executives Alan Chang and Charles Orr, Fuse Energy integrates all stages of energy production and delivery, from renewable construction to distributed flexibility and hardware solutions. This vertical model enables the company to deliver power at roughly 10% lower cost than traditional suppliers, saving households hundreds of dollars annually.

Fuse Energy has already reached $400 million in ARR, growing eightfold year-on-year and achieving cash flow positivity in under four years. The company plans to expand from the UK into Ireland, Spain, and the U.S., while preparing its first consumer hardware products, including micro solar and battery solutions that integrate with The Energy Network.

Investors highlight Fuse Energy’s combination of technology, crypto incentives, and regulatory clarity as a blueprint for scaling energy innovation globally.