Fuse Energy

Summary active Updated Jun 4, 2026

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Location London, UK
Founded 2022
Latest Stage Series B Extension
Total Raised €214M (~$250M)
Website https://www.fuseenergy.com/
Sector
energy cleantech climate-tech renewable-energy vertical-saas

Investors

Balderton Capital series-b-extension (2026)
Lowercarbon Capital series-b-extension (2026)
Collaborative Fund series-b-extension (2026)
Balderton Capital series-b (2025)
Lowercarbon Capital series-b (2025)

Founders

Alan Chang Co-Founder & CEO
Charles Orr Co-Founder

About

Fuse Energy is a London-based vertically integrated energy company that combines renewable generation, wholesale trading, and direct-to-consumer electricity and gas supply 1. It was founded in 2022 by Alan Chang, the former Chief Revenue Officer at Revolut, and Charles Orr, an early Revolut employee 1. The company owns and operates solar farms in Southern England and a wind farm in Scotland, runs an in-house energy trading desk, and supplies electricity and gas to UK households through its app and website 1.

By December 2025, Fuse supplied roughly 200,000 UK households, having launched publicly in July 2023 1. The company reports being EBITDA-positive every month since December 2025 2.

Funding History

Date Round Amount Lead Co-investors
2026-06-04 Series B Extension €25M (~$30M) 20VC, Collaborative Fund Balderton Capital, Lowercarbon Capital 2
2025-12 Series B $70M Balderton Capital, Lowercarbon Capital 13
2022 Seed $78M Balderton Capital, Lakestar Lowercarbon Capital, Accel, Creandum, Ribbit Capital, BoxGroup, Nico Rosberg 1

The Series B Extension brings total funding to date to approximately €214M ($250M) 2. The December 2025 Series B valued the company at approximately $5 billion 1.

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

No independently sourced founder quotes found at this time.

Sources

  1. “Fuse Energy,” Wikipedia, accessed June 2026. https://en.wikipedia.org/wiki/Fuse_Energy↩↩↩↩↩↩↩

  2. “London’s Fuse Energy secures €25 million Series B extension as it plans 32,000 sq ft London HQ,” EU-Startups, June 2026. https://www.eu-startups.com/2026/06/londons-fuse-energy-secures-e25-million-series-b-extension-as-it-plans-32000-sq-ft-london-hq/↩↩↩

  3. “Fuse Energy Secures $70 Million in Series B Funding,” Mercom Capital Group, accessed June 2026. https://mercomcapital.com/fuse-energy-secures-70-million-in-series-b-funding/↩