TechFlow news, September 13 — According to Coindesk, renewable energy company Fuse announced a $12 million strategic funding round led by Multicoin Capital. With this, Fuse has raised a total of $90 million to date. The company plans to use the funds to launch Project Zero, a decentralized physical infrastructure network (DePIN) initiative for renewable energy. Project Zero will utilize token incentives to encourage participants to generate renewable energy, shift electricity demand to times when renewables are available, support the use of electric transportation, and deploy more distributed energy resources (DERs).
As an integrated energy provider, Fuse offers DER installation, power trading, and retail electricity services. Currently, the company manages 18 megawatts of installed capacity, with an additional 300 megawatts of renewable projects under development. Its subsidiary, Fuse Energy, is a vertically integrated electricity retailer. CEO Alan Chang stated that Project Zero aims to drive energy transition through an open network, fostering global collaborative efforts. Tushar Jain, Managing Partner at Multicoin Capital, said Fuse is fundamentally rethinking the retail energy supply chain to deliver low-cost, clean energy at scale.
