When Alan Chang and Charles Orr, former executives at Revolut, launched Fuse Energy in 2022, they didn’t settle for small ambitions. Just three years in, the British startup has secured €59 million in a funding round led by Lowercarbon Capital and Balderton Capital. This has catapulted the company to a €4.2 billion valuation. Fuse Energy is positioning itself as more than just another electricity supplier , its aim is to overhaul the energy experience for consumers by integrating every aspect of the industry under one roof.
Here’s a closer look at Fuse Energy and what the funding means for startups, investors, and the energy market.
Why Fuse Energy Stands Out
Few startups dare to restructure entire industries. Fuse Energy’s founders saw an opportunity to cut through inefficiencies in the traditional energy grid: the scattered processes, outdated billing models, and heavy reliance on intermediaries. Instead, they’ve created a vertically integrated system.
From building renewable plants to supplying electricity directly to households, the company controls the process “from source to socket.” This model reportedly lowers costs by around 10% compared to existing competitors while enabling customers to save anywhere between €150-€200 annually.
What makes Fuse special isn’t just its finances. By focusing on renewable energy sources , wind, solar, and storage systems , it’s tackling environmental challenges alongside consumer needs. For example, development plans include installing home micro-solar kits with battery solutions, designed to give households independence while balancing grid supply demands.
The Numbers
Funding rounds often reflect not just trust but potential. Here’s what this latest investment reveals:
- Funding Secured: €59 million in total.
- Valuation: €4.2 billion post-round.
- Customer Base: Over 200,000 UK homes already powered by Fuse Energy services.
- Revenue: Annual recurring revenue estimated at €341 million by late 2025.
Investors backing the round include Ribbit Capital, Lakestar, QuantumLight (founded by fellow Revolut alumnus Nik Storonsky), and notable individual investor Nico Rosberg, a retired Formula 1 world champion.
Expansion Plans
With significant funding in place, international expansion is Fuse Energy’s next goal.
- Ireland will reportedly be their first stop, given the country's growing push for alternative energy solutions.
- Southern Europe, with Spain as the targeted hub, is another upcoming market for its operations.
- The United States: Despite fierce energy market competition, Fuse sees opportunities in states pushing residential renewable programs.
For startups looking to learn from Fuse’s growth, this multi-country trend shows ambition but also thoughtful scaling to areas with clear demand shifts.
What Startups Can Learn
While most founders aim to simplify an existing system, it’s rare to find companies willing to take full control. Fuse Energy does exactly this, with some key lessons for entrepreneurs:
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Build Long-Term Strategy Into Your Model
Fuse wasn’t built to win customers on discounts alone. Instead, Chang and Orr created a system that leverages efficiency at scale. What’s less obvious? This approach helps them generate steady cash flows early, uncommon for most growing energy startups, many of which remain reliant on external funding for years. -
Recruit Smart Capital
By involving investors like Lowercarbon Capital and QuantumLight who align with renewable goals, the funding supports both global credentials and regulatory understanding. If you’re raising funds, prioritize investors who share your industry’s vision and connections. -
Ownership in Operations
Ownership doesn’t mean micromanagement. Fuse controls every major energy process yet relies on advanced internal systems (like market-specific AI forecasting for trading power) to maintain scale. This mix of ownership and smart delegation could apply across tech or logistics startups too.
Common Mistakes to Avoid
For peers considering tackling large sectors such as utilities, avoiding these errors can save millions:
- Underestimating Regulation: Every market, especially in energy, follows complex rules. Fuse chose markets with manageable entry points, focusing only later on regions with stricter governance like parts of the US.
- Skipping Hardware Integration: Whether serving B2B or households, energy solutions often involve physical installations. Smart adoption strategies (like pre-packaged micro-solar kits) help customers genuinely benefit instead of facing added friction.
- Neglecting Early Customer Trust: Without reliable, measurable savings for users, “disruption” won’t stand up long-term. Fuse delivers household-level results consistently before promises of global scale.
What’s Next
Venture partners believe that in five years, players like Fuse could dominate energy supply across a few markets the way Tesla has for electric cars. They’re designed foremost for profit, backed by modernized tech, and focused on change consumers feel directly.
Fuse Energy plans to deepen product innovation, likely launching a first-of-its-kind software next year. Tentatively called The Energy Network, the platform combines usage tracking with incentives, rewarding households that shift power usage to non-peak hours.
For investors keen to back European renewables, this forms part of a wider trend where integrated systems like Fuse’s yield higher returns than fragmented ones reliant on external suppliers.
Conclusion
From startup founders to global entrepreneurs considering energy ventures, Fuse Energy offers more than headlines. Its progression so far reflects calculated risks, from co-founder recruitment down to geography-specific scaling strategies.
If you’re envisioning reshaping a sector or product line, draw lessons from companies like Fuse. Their focus isn’t just on breaking inefficiencies. It’s also about bringing flexible, consumer-friendly solutions to underserved markets. Begin local, scale with intent, and, when possible, surround yourself with talent willing to challenge old norms while keeping scalability measurable.
FAQ
1. Who founded Fuse Energy and when?
Fuse Energy was founded in 2022 by former Revolut executives Alan Chang and Charles Orr. Check out Fuse Energy's journey
2. What is Fuse Energy’s core mission?
Fuse Energy strives to revolutionize renewable energy by integrating every aspect of the energy process, from renewable plant construction to direct energy supply, under one company. Learn more about Fuse Energy's approach
3. How much funding has Fuse Energy recently secured?
Fuse Energy raised €59 million in its latest funding round, increasing its valuation to €4.2 billion. Explore the funding details
4. Who led the recent funding round for Fuse Energy?
The funding round was led by Lowercarbon Capital and Balderton Capital. Learn more about the investors
5. What are Fuse Energy’s planned expansion markets?
Fuse Energy targets expanding to Ireland, Spain, and the United States. Read about Fuse's expansion goals
6. How does Fuse Energy save costs for customers?
By integrating the energy process and reducing inefficiencies, Fuse Energy offers prices ~10% cheaper than competitors, saving households up to €200 annually. Explore Fuse's cost-saving strategy
7. How many households does Fuse Energy currently serve?
As of late 2025, Fuse Energy supplies power to over 200,000 UK households. Discover more about their growth
8. What makes Fuse Energy unique?
Fuse Energy uses a vertically integrated system to control energy production, delivery, and consumer services, providing renewable energy from "source to socket." Learn about Fuse's unique services
9. What are Fuse Energy’s key upcoming products?
Fuse Energy is developing micro-solar kits with battery solutions and a software platform (“The Energy Network”) to reward customers for off-peak usage. Check out Fuse's innovative products
10. What revenues has Fuse Energy achieved so far?
As of December 2025, Fuse Energy has reached an annual recurring revenue (ARR) of €341 million, with further growth expected. Read more about their financial success
About the Author
Violetta Bonenkamp, also known as MeanCEO, is an experienced startup founder with an impressive educational background including an MBA and four other higher education degrees. She has over 20 years of work experience across multiple countries, including 5 years as a solopreneur and serial entrepreneur. Throughout her startup experience she has applied for multiple startup grants at the EU level, in the Netherlands and Malta, and her startups received quite a few of those. She’s been living, studying and working in many countries around the globe and her extensive multicultural experience has influenced her immensely.
Violetta Bonenkamp's expertise in CAD sector, IP protection and blockchain
Violetta Bonenkamp is recognized as a multidisciplinary expert with significant achievements in the CAD sector, intellectual property (IP) protection, and blockchain technology.
CAD Sector:
- Violetta is the CEO and co-founder of CADChain, a deep tech startup focused on developing IP management software specifically for CAD (Computer-Aided Design) data. CADChain addresses the lack of industry standards for CAD data protection and sharing, using innovative technology to secure and manage design data.
- She has led the company since its inception in 2018, overseeing R&D, PR, and business development, and driving the creation of products for platforms such as Autodesk Inventor, Blender, and SolidWorks.
- Her leadership has been instrumental in scaling CADChain from a small team to a significant player in the deeptech space, with a diverse, international team.
IP Protection:
- Violetta has built deep expertise in intellectual property, combining academic training with practical startup experience. She has taken specialized courses in IP from institutions like WIPO and the EU IPO.
- She is known for sharing actionable strategies for startup IP protection, leveraging both legal and technological approaches, and has published guides and content on this topic for the entrepreneurial community.
- Her work at CADChain directly addresses the need for robust IP protection in the engineering and design industries, integrating cybersecurity and compliance measures to safeguard digital assets.
Blockchain:
- Violetta’s entry into the blockchain sector began with the founding of CADChain, which uses blockchain as a core technology for securing and managing CAD data.
- She holds several certifications in blockchain and has participated in major hackathons and policy forums, such as the OECD Global Blockchain Policy Forum.
- Her expertise extends to applying blockchain for IP management, ensuring data integrity, traceability, and secure sharing in the CAD industry.
Violetta is a true multiple specialist who has built expertise in Linguistics, Education, Business Management, Blockchain, Entrepreneurship, Intellectual Property, Game Design, AI, SEO, Digital Marketing, cyber security and zero code automations. Her extensive educational journey includes a Master of Arts in Linguistics and Education, an Advanced Master in Linguistics from Belgium (2006-2007), an MBA from Blekinge Institute of Technology in Sweden (2006-2008), and an Erasmus Mundus joint program European Master of Higher Education from universities in Norway, Finland, and Portugal (2009).
She is the founder of Fe/male Switch, a startup game that encourages women to enter STEM fields, and also leads CADChain, and multiple other projects like the Directory of 1,000 Startup Cities with a proprietary MeanCEO Index that ranks cities for female entrepreneurs. Violetta created the "gamepreneurship" methodology, which forms the scientific basis of her startup game. She also builds a lot of SEO tools for startups. Her achievements include being named one of the top 100 women in Europe by EU Startups in 2022 and being nominated for Impact Person of the year at the Dutch Blockchain Week. She is an author with Sifted and a speaker at different Universities. Recently she published a book on Startup Idea Validation the right way: from zero to first customers and beyond, launched a Directory of 1,500+ websites for startups to list themselves in order to gain traction and build backlinks and is building MELA AI to help local restaurants in Malta get more visibility online.
For the past several years Violetta has been living between the Netherlands and Malta, while also regularly traveling to different destinations around the globe, usually due to her entrepreneurial activities. This has led her to start writing about different locations and amenities from the POV of an entrepreneur. Here’s her recent article about the best hotels in Italy to work from.
About the Publication
Fe/male Switch is an innovative startup platform designed to empower women entrepreneurs through an immersive, game-like experience. Founded in 2020 during the pandemic "without any funding and without any code," this non-profit initiative has evolved into a comprehensive educational tool for aspiring female entrepreneurs.The platform was co-founded by Violetta Shishkina-Bonenkamp, who serves as CEO and one of the lead authors of the Startup News branch.
Mission and Purpose
Fe/male Switch Foundation was created to address the gender gap in the tech and entrepreneurship space. The platform aims to skill-up future female tech leaders and empower them to create resilient and innovative tech startups through what they call "gamepreneurship". By putting players in a virtual startup village where they must survive and thrive, the startup game allows women to test their entrepreneurial abilities without financial risk.
Key Features
The platform offers a unique blend of news, resources,learning, networking, and practical application within a supportive, female-focused environment:
- Skill Lab: Micro-modules covering essential startup skills
- Virtual Startup Building: Create or join startups and tackle real-world challenges
- AI Co-founder (PlayPal): Guides users through the startup process
- SANDBOX: A testing environment for idea validation before launch
- Wellness Integration: Virtual activities to balance work and self-care
- Marketplace: Buy or sell expert sessions and tutorials
Impact and Growth
Since its inception, Fe/male Switch has shown impressive growth:
- 5,000+ female entrepreneurs in the community
- 100+ startup tools built
- 5,000+ pieces of articles and news written
- 1,000 unique business ideas for women created
Partnerships
Fe/male Switch has formed strategic partnerships to enhance its offerings. In January 2022, it teamed up with global website builder Tilda to provide free access to website building tools and mentorship services for Fe/male Switch participants.
Recognition
Fe/male Switch has received media attention for its innovative approach to closing the gender gap in tech entrepreneurship. The platform has been featured in various publications highlighting its unique "play to learn and earn" model.