Fuse Energy Soars to Unicorn Status in Three Years
Fuse Energy, a London-based startup founded in 2022 by ex-Revolut executives Alan Chang and Charles Orr, has swiftly become one of Europe's fastest-growing companies. The company, which aims to revolutionise the energy sector, has experienced remarkable growth and is set to expand across Europe.
Fuse Energy's rapid growth is evident in its financial performance. In just three years, the company has seen a five-fold increase in revenue, with a staggering 7x year-on-year growth in Q3 2025. This impressive trajectory has led to the company surpassing $300 million in annual recurring revenue (ARR).
The company's success can also be measured by its impact on households. Fuse Energy has helped over 150,000 households cut their bills by up to £200 a year. The company's mission is to own the full energy journey, offering services from power generation and trading to hardware installations and retail energy services.
Fuse Energy's latest expansion includes launching gas supply, targeting the majority of UK homes that use both gas and electricity. This move comes at a critical time, with the upcoming winter and an energy price cap increase in October looming. The company's growth is seen as crucial in helping households navigate these challenges.
Fuse Energy, founded on the belief that the energy sector was ripe for technological reinvention, has raised $100 million in funding. This includes a recent $10 million round that valued the company at 'north of £750 million', achieving unicorn status. As the company continues to grow and expand, it is poised to make a significant impact on the European energy landscape.
