Fuse Energy, Founded by Ex-Revolut Executives, Raises €59 Million for Energy Expansion

Fuse Energy Secures €59 Million in Funding for International Expansion

London-based energy company, Fuse Energy, has announced a significant funding boost of €59 million ($70 million) to accelerate its international expansion efforts. This latest funding round, led by Lowercarbon Capital and Balderton Capital, along with participation from several other prominent investors, has increased Fuse Energy’s valuation to €4.2 billion ($5 billion).

Co-founder and CEO at Fuse Energy, Alan Chang, expressed the company’s commitment to simplifying the energy system by bringing every stage in-house. This funding comes amidst a growing investor interest in European energy startups, with notable developments in France, Spain, Northern Europe, and Germany.

With a focus on efficiency and execution, Fuse Energy aims to solve complex energy challenges and emerge as a leading player in the industry. The company, founded in 2022 by ex-Revolut executives Alan Chang and Charles Orr, envisions reshaping the energy sector to make energy more affordable and abundant.

By integrating all aspects of the energy process, including renewable site construction, power generation, trading, supply, installations, and hardware, Fuse Energy aims to eliminate inefficiencies and offer lower energy costs to consumers. The company reports savings of up to €228 (£200) a year on energy bills for households.

General Partner at Balderton, Daniel Waterhouse, commended Fuse Energy’s approach to rebuilding the energy system from first principles. The company’s growth and success have positioned it as a key player in Europe’s energy landscape, with a focus on sustainable, scalable, and resilient power solutions.

As of December 2025, Fuse Energy has achieved €341 million ($400 million) in annual recurring revenue and has become cash flow positive. The company plans to use the latest funding to meet increasing demand and expand its operations across Ireland, Spain, and the US.

Fuse Energy is also gearing up to launch its first in-house consumer hardware products, including a micro solar and battery solution to make solar power generation more accessible and affordable. Additionally, the company is set to introduce The Energy Network, a system that rewards customers for shifting usage to off-peak periods.

Lowercarbon General Partner, Clay Dumas, emphasized the profitability and scalability of Fuse Energy’s verticalized energy model, highlighting the company’s ability to serve customers with lower-cost, more reliable power.