London-based renewable energy company Fuse has raised €10.7 million ($12 million) in strategic funding to develop Project Zero, a decentralized renewable energy network. The investment round was led by Multicoin Capital, along with support from notable partners including Anatoly Yakovenko, founder of Solana.
The funds will help Fuse launch a global platform aimed at overcoming outdated grid infrastructure and accelerating the shift to clean, affordable, and abundant energy.
Scheduled for 2025, Project Zero will introduce several key initiatives: a marketplace for energy installers, an international retail energy provider, and an electric vehicle (EV) charging network. The ultimate goal is to create the world’s largest decentralized energy network, utilizing blockchain technology to offer renewable energy solutions and reward users for their contributions. The platform’s native token will act as a global currency for energy settlements.
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Innovating Renewable Energy Infrastructure
Co-founded in 2022 by Alan Chang and Charles Orr, Fuse operates solar and wind farms across the UK. The team, composed of engineers from leading tech companies like Meta, Tesla, and Palantir, aims to revolutionize energy production by using decentralized technology and cryptocurrency incentives. With Project Zero, Fuse is looking to build a distributed energy resource network (DER) that integrates solar panels, batteries, and smart EV chargers, reducing grid load and supporting virtual power plants (VPPs).
Scaling Sustainable Energy Adoption
Fuse’s mission is to simplify the transition to renewable energy by offering incentives to contributors and streamlining installation processes. The project has already secured a total of $90 million from investors like Accel, Lowercarbon Capital, Ribbit Capital, and Nico Rosberg. By leveraging blockchain and DePIN (decentralized physical infrastructure network) technology, Fuse aims to create a more sustainable and efficient energy ecosystem.
