Fuse Energy secures $10m from Lowercarbon Capital and Balderton Capital to fund international expansion and product development.
The follow-on investment was led by Lowercarbon Capital and Balderton Capital to support international growth and technology development.
≈ £7.4M at $1 = £0.7403 on 24 Jul 2025
A London-based residential electricity provider founded in 2022 by former Revolut executives to offer cheaper and cleaner power.
Fuse Energy has secured $10m in a follow-on funding round led by Lowercarbon Capital and Balderton Capital. The capital will support the company as it expands its operations into international markets including Ireland, Europe, and the United States, alongside boosting product development and research initiatives.
The latest injection of funds follows rapid commercial growth, with the supplier reaching $90m in annualised revenue and serving 50,000 homes across the UK. Alongside the investment, Fuse is launching a domestic gas product to complement its existing electricity supply, aiming to provide an integrated energy service for consumers.
From the founder
"Successive cost of living crises show that our energy system is no longer fit for purpose. Affordable energy isn’t a luxury, it’s fundamental to a decent standard of living and a productive economy. At Fuse, we’re building the technology needed to realise that future"
Charles Orr
Co-founder at Fuse Energy
Investor perspective
"Sunbeam to socket, Fuse is re-writing the renewable energy playbook. From record-breakingly quick construction of new solar power plants to top-rated home EV charger installations, no one matches Fuse’s ambition when it comes to managing electrons. Now we’re doubling down to help them bring their UK-leading energy products to a smart appliance near you."
Clay Dumas
Managing Partner, Lowercarbon Capital
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Expand into international markets
Investors
About the company
Fuse Energy
Fuse Energy supplies households with affordable and transparent electricity.