Fuse Energy
 | |
| Type | Private |
|---|---|
| Industry | Energy |
| Founded | 2022 |
| Founders | Alan Chang Charles Orr |
| Headquarters | , |
Area served | United Kingdom |
Key people | Alan Chang (CEO) |
| Products | Electricity, natural gas |
| Services | Renewable energy generation, energy supply, wholesale energy trading |
| Website | fuseenergy |
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
- ↑ "Fuse Energy". The Times. January 16, 2026.
- ↑ Oliver, Matt; Field, Matthew (30 December 2025). "The tech bro plan to cut the price of Britain's electricity". The Daily Telegraph.
- ↑ Prevett, Hannah (July 26, 2025). "From start-up to unicorn in three years: Fuse Energy powers ahead". The Times.
- 1 2 Levingston, Ivan (21 November 2025). "UK start-up Fuse Energy nears new funding at $5bn valuation". Financial Times.
- ↑ Megaw, Nicholas (24 November 2025). "Is Fuse's $5bn funding the start of the 'Revolut mafia'?". Financial Times.
- 1 2 3 4 5 Gani, Aisha S; Farhat, Eamon Akil; Gillespie, Todd (July 19, 2023). "Ex-Revolut Exec Launches First UK Energy Supplier Since Crisis". Bloomberg.
- 1 2 Pratty, Freya (December 18, 2025). "Fuse Energy raises $70m backed by Balderton and Lowercarbon Capital". Sifted.
- 1 2 Oliver, Matt; Field, Matthew (30 December 2025). "Revolut boss backs energy start-up in $70m deal". The Daily Telegraph.
- ↑ Stanaway, Ceri (January 20, 2026). "Fuse Energy". Which?.
- ↑ Wood, Anna (July 24, 2025). "Fuse Energy fires up domestic market with gas launch and $10M boost".