Fuse Energy

Fuse Energy
TypePrivate
IndustryEnergy
Founded2022 (2022)
FoundersAlan Chang
Charles Orr
Headquarters
London
,
England
Area served
United Kingdom
Key people
Alan Chang (CEO)
ProductsElectricity, natural gas
ServicesRenewable energy generation, energy supply, wholesale energy trading
Websitefuseenergy.com

Fuse Energy is an energy technology company headquartered in London.[1][2]

History

Fuse Energy was founded in 2022 by Alan Chang, former chief revenue officer at Revolut, and Charles Orr, an early hire at Revolut.[3][4] Chang moved into the energy industry in response to rising energy prices.[5]

In February 2022, Fuse acquired Paddington Power to obtain an Ofgem supply license.[6] Later, it also acquired a Scottish wind farm and several solar farms in England.[6] In the same year, Fuse raised $78 million in seed funding, led by Balderton Capital and Lakestar, with participation from Lowercarbon Capital, Accel, Creandum, Ribbit, BoxGroup, and Nico Rosberg.[6][7]

In 2023, Fuse began a beta service supplying several hundred homes. In July 2023, it launched publicly as an energy provider. By December 2025, Fuse supplied roughly 200,000 UK households.[7][8] That month, it announced a $70 million funding round led by Balderton and Lowercarbon Capital, valuing the company at approximately $5 billion.[4][8]

Operations

Fuse Energy operates a vertically integrated model, combining renewable energy generation, wholesale trading, and retail supply. It owns and operates solar farms in Southern England and a wind farm in Scotland and runs an in-house energy trading desk.[6] Fuse supplies electricity and gas directly to customers through its app and website.[9][10]

Its advisors and leadership previously included former Ofgem chief Dermot Nolan and Arnaud Luboinski, formerly head of EDF Trading.[6]

References

  1. ^ "Fuse Energy". The Times. January 16, 2026.
  2. ^ Oliver, Matt; Field, Matthew (30 December 2025). "The tech bro plan to cut the price of Britain's electricity". The Daily Telegraph.
  3. ^ Prevett, Hannah (July 26, 2025). "From start-up to unicorn in three years: Fuse Energy powers ahead". The Times.
  4. ^ a b Levingston, Ivan (21 November 2025). "UK start-up Fuse Energy nears new funding at $5bn valuation". Financial Times.
  5. ^ Megaw, Nicholas (24 November 2025). "Is Fuse's $5bn funding the start of the 'Revolut mafia'?". Financial Times.
  6. ^ a b c d e Gani, Aisha S; Farhat, Eamon Akil; Gillespie, Todd (July 19, 2023). "Ex-Revolut Exec Launches First UK Energy Supplier Since Crisis". Bloomberg.
  7. ^ a b Pratty, Freya (December 18, 2025). "Fuse Energy raises $70m backed by Balderton and Lowercarbon Capital". Sifted.
  8. ^ a b Oliver, Matt; Field, Matthew (30 December 2025). "Revolut boss backs energy start-up in $70m deal". The Daily Telegraph.
  9. ^ Stanaway, Ceri (January 20, 2026). "Fuse Energy". Which?.
  10. ^ Wood, Anna (July 24, 2025). "Fuse Energy fires up domestic market with gas launch and $10M boost".

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