Fuse Energy’s €25 million Series B Extension Fuels Plans for London Headquarters Expansion

Fuse Energy Secures €25 Million in Series B Funding

British energy company Fuse Energy has successfully closed its Series B funding round, with new investors 20VC and Collaborative Fund contributing an additional €25 million ($30 million). This new investment joins existing backers Balderton Capital and LowerCarbon Capital, bringing the total funding raised to date to €214 million ($250 million).

Fuse Energy has achieved profitability and momentum in recent months, with EBITDA-positive results every month since December 2025. The company has seen significant growth, with annual recurring revenue (ARR) climbing 32% in Q1 alone to over €472 billion ($550 million).

CEO and co-founder Alan Chang shared his vision for Fuse Energy, emphasizing the company’s commitment to providing low-cost and abundant energy. Chang highlighted the importance of owning the entire energy value chain, from trading algorithms to product development and expansion.

Alan Chang expressed his confidence in London as a hub for technology companies, stating that the UK has the talent and ambition to lead the next chapter of energy innovation. He emphasized the need for coordination and scale to meet the demands of the current energy landscape.

Founded in 2022 by ex-Revolut executives Alan Chang and Charles Orr, Fuse Energy aims to revolutionize the energy sector by offering lower-cost and more abundant energy solutions. The company currently supplies energy to over 300,000 UK households and is actively building a 1 GW generation pipeline.

Unlike traditional energy suppliers that outsource various components of the energy value chain, Fuse Energy takes a different approach by building everything in-house. This strategy has resulted in efficiency gains of approximately 17% compared to legacy providers, allowing the company to keep customer prices low even during periods of market volatility.

One of Fuse Energy’s key differentiators is its use of advanced algorithms to predict and balance supply and demand at the individual household level. By leveraging real-time data and digital twin technology, the company minimizes waste and passes on efficiency gains to consumers through lower energy bills.

To support its expansion plans, Fuse Energy is opening a new 32,000 sq ft headquarters in Canary Wharf and intends to hire over 380 new employees in the next 12 months. The company currently employs more than 400 people and is focused on expanding across Europe and North America.

In addition to its growth plans, Fuse Energy will soon launch a plug-in solar solution that enables households to generate low-cost renewable energy directly at home. This innovative approach aligns with the company’s mission to make energy more accessible and sustainable for consumers.