Fuse Energy Secures €25 Million in Series B Funding
Fuse Energy, a London-based company offering cheaper tariffs, better service, and greener energy solutions, has successfully raised €25 million in its Series B funding round. The round saw participation from new investors 20VC and Collaborative Fund, alongside existing supporters Balderton Capital and Lowercarbon Capital.
Founders and Leadership
The company was founded in 2022 by Alan Chang, who serves as CEO, and Charles O., the COO. Both founders previously held executive roles at Revolut. Under their leadership, Fuse Energy has grown rapidly, supplying power to over 300,000 households in the UK.
Strategic Plans for Expansion
The fresh capital injection is set to bolster Fuse Energy's ongoing expansion efforts. The company is focused on developing a 1 GW generation pipeline, aiming to enhance its energy infrastructure. As a vertically integrated energy supplier, Fuse Energy manages the entire value chain internally, from generation to retail, which it claims offers approximately 17% greater efficiency compared to traditional utility providers.
Financial Performance and Growth
Since December 2025, Fuse Energy has maintained a positive EBITDA each month, achieving profitability at the group level despite significant investments in product development and expansion. In the first quarter alone, the company reported a 32% increase in annual recurring revenue (ARR), climbing to over €472 million.
Future Outlook
With the latest funding, Fuse Energy is well-positioned to continue its growth trajectory and further its mission of providing sustainable and cost-effective energy solutions. The company's innovative approach to integrating energy supply processes internally sets it apart in the competitive energy market.
As the energy sector evolves, Fuse Energy's commitment to efficiency and green goals will likely play a crucial role in its ongoing success.