Fuse, a London-based renewable energy startup, is revolutionizing the energy sector by offering incentives through mobile apps and decentralized technology, including cryptocurrency. The company aims to transform the way energy is generated, distributed, and consumed.
The core of Fuse’s initiative is the decentralized physical infrastructure network (DePIN), which leverages blockchain technology and tokens to facilitate renewable electricity projects. By bringing generation closer to consumption, DePIN enables more efficient energy utilization, reducing costs and minimizing power losses.
According to Alan Chang, co-founder and CEO of Fuse, decentralized energy resources such as home solar, battery storage, and electric vehicle charging play a crucial role in optimizing energy consumption. By harnessing local generation capabilities, Fuse ensures a more sustainable and cost-effective energy ecosystem.
Founded in January 2022 by Alan Chang and Charles Orr, Fuse operates solar and wind farms across the United Kingdom. The company’s team comprises experts from renowned companies like Meta, Citadel, Tesla, and Palantir, ensuring top-notch engineering and innovation.
Through the Fuse Energy mobile app, consumers can monitor their energy usage in real-time, promoting transparency and efficiency. Chang emphasizes the importance of reducing energy waste and maximizing consumption during peak renewable energy production periods, such as sunny or windy days.
The Fuse app also promotes demand response, where users adjust their energy consumption based on renewable energy availability, easing grid strain and lowering costs. To incentivize consumer participation, Fuse launched Project Zero and the Project Zero token on Solana, offering utility token rewards that can be redeemed for energy discounts.
Recently, Fuse secured a $12 million strategic funding round led by Multicoin Capital, bringing its total funding to $90 million. Investors like Balderton, Lakestar, Accel, Creandum, LowerCarbon, Ribbit, and Box Group have also backed Fuse’s innovative approach to sustainable energy solutions.
While U.K. customers can benefit from Project Zero, regulatory constraints currently limit the token’s availability globally. Chang acknowledged the uncertainty in the U.S. regulatory landscape, indicating that Project Zero may not be accessible in the country for the time being.
DePIN is a burgeoning trend in the blockchain industry, with companies like Spacecoin, Akash Network, PowerPod, and Hivemapper leading the charge in decentralized infrastructure projects. Fuse’s commitment to reshaping the energy sector through innovative technology and consumer incentives sets a promising path for the future of renewable energy.
Edited by Ryan Ozawa
