Fuse Energy Raises $70M at $5B Valuation to Build a Global Clean Energy Network
London-based Fuse Energy has recently raised $70 million in Series B funding, led by Lowercarbon Capital and Balderton, bringing the company to a reported $5 billion valuation. The round underscores growing investor conviction that the future of the energy market will be built around distributed renewable generation, flexible storage, and intelligent consumer software rather than centralised legacy infrastructure alone.
The model of Fuse Energy spans software, energy supply, hardware products, and grid-scale development which is an unusually broad approach for a young company, but one that aligns with its ambition to accelerate global adoption of affordable clean electricity.
Building a Global “Energy Network” of Connected Clean Power
At the center of Fuse Energy’s vision is what it calls The Energy Network, a connected ecosystem of home systems, EV chargers, solar generation, batteries, and grid infrastructure designed to interact intelligently. Rather than treating consumers simply as energy purchasers, the company aims to turn homes and businesses into active participants in energy markets. By coordinating when power is produced, stored, or consumed, a networked approach can smooth peaks in demand, reduce costs, and increase the share of renewables on national grids.
Fuse Energy’s strategy reflects a broader global shift towards virtual power plants and grid orchestration, positioning the company not only as a retailer but as an infrastructure player.
Scaling into New Markets Across the United States and Europe
Fuse Energy plans to use the new capital to expand its energy supply operations into the United States, Ireland, and Spain, markets with rising demand for distributed solar, storage, and electric vehicle charging. Each territory represents a different regulatory and energy pricing environment, but all share increasing pressure to decarbonize while maintaining affordability.
The company already offers solutions for business energy customers and EV charging services, and geographic expansion is expected to test its model at greater scale. International growth will also determine whether Fuse Energy’s network approach can operate across varied grid architectures and policy landscapes.
Developing One Terawatt (1 TW) of Renewable Energy Capacity
One of the most ambitious goals of Fuse Energy is the development of one terawatt (1 TW) of solar, wind, and storage projects worldwide. To put that target in context, it is equivalent to the combined generation capacity of several large nations. The intent signals Fuse’s move beyond being a software-led energy startup and towards becoming a developer and operator of physical renewable assets.
If executed, a pipeline of that size would significantly influence local energy mixes and position Fuse Energy alongside large-scale renewable developers as well as consumer technology companies.
Launching Consumer Energy Products, Including Plug-and-Play Solar-Battery Kits
Fuse Energy is also investing in consumer-facing energy hardware, including a plug-and-play solar-battery kit designed to allow households to generate and store their own electricity with minimal installation complexity. The product range and online store of Fuse energy already showcases energy products that integrate with its broader ecosystem. Alongside hardware, Fuse plans to roll out Autopilot, an intelligent home energy operating system that automatically manages energy flows between the grid, storage, appliances, and EV charging. This focus on simplicity hints at Fuse’s intention to bring clean energy beyond early adopters to mainstream households who may lack technical expertise but want lower bills and cleaner power.
Positioning for the Future of Electrified Homes and Transportation
The strategy of Fuse Energy reflects the convergence of several rapidly changing sectors such as home electrification, EV charging, storage, and renewable power generation. As more countries phase out fossil fuel heating and internal combustion engines, the load on electricity grids will increase dramatically.
Companies that can coordinate when and how energy is consumed will be essential to preventing strain while keeping prices under control. Fuse Energy is positioning itself as a platform for the electrified home and business, tying together generation, supply, and intelligent management into one system. Its recent funding round suggests that investors believe this platform-based model may become a defining feature of the next era of global energy markets.
Fuse Energy stands out not just for its $5B valuation, but for attempting to integrate supply, hardware, and grid-scale development under one brand. The ambition is massive and execution risk is real, but if the company can deliver even part of its 1-terawatt vision, it could play a meaningful role in reshaping how households and businesses interact with energy systems worldwide.