Fuse Energy, one of Europe’s fastest-growing energy companies, announced an additional £50 million in funding, boosting its valuation to £3.7 billion.
Led by Balderton and Lowercarbon Capital, Fuse Energy will use the new funding to accelerate international expansion and fast-track innovative new products to market.
Founded in 2022 by ex-Revolut executives Alan Chang and Charles Orr, Fuse Energy is reshaping the energy sector with a clear ambition: make energy lower cost, and more abundant. By combining all parts of the energy process in one company – spanning renewable site construction, power generation, trading, supply, installations and hardware – Fuse Energy eliminates many of the inefficiencies that drive up costs for consumers in traditional energy models.
As a result, Fuse Energy can scale quickly, operate with greater efficiency, and deliver power at prices that average around 10% lower than incumbents, saving households up to £200 a year on their energy bills.
From source to socket, we are simplifying the entire energy system by bringing every stage inhouse. Combined with a relentless focus on efficiency and execution, we’re solving problems no one else can. This new capital and continued investor demand reinforce that we’re building one of the defining companies of the next decade.
Alan Chang, Co-founder & CEO
Europe needs sustainable, scalable and resilient power to support the next wave of technological and economic growth, as AI accelerates and energy demand rises. Fuse is rebuilding the entire energy system from first principles: vertically integrated, relentlessly efficient and engineered for scale. Alan and Charles’ massive ambition to redefine how the future is powered is what first got us excited three years ago, and the pace and quality of execution since has been beyond our wildest expectations. We’re proud to continue supporting this phenomenal team as they power Europe’s future.
Daniel Waterhouse, Partner at Balderton Capital
