Energy Sector (Derivatives) (ENERGY)

What's the utility of the $ENERGY token?

Sean Murray of @fuseenergy explains on @bitsandbips

https://t.co/9SSDq5hVSn

Fuse Energy just raised a $70M Series B at a $5B valuation, three years after founding.

The company was started in 2022 by former Revolut executives and is building a vertically integrated renewable energy business in the UK.

Fuse owns the full stack. From site development to power generation, trading and hardware. By cutting out intermediaries, their energy costs are lower than traditional suppliers.

That model is already operating at scale.

@fuseenergy now serves more than 200,000 UK households, generates roughly $400M in annual recurring revenue and is cash flow positive.

Right now power demand is rising at an unprecedented rate, driven by AI workloads, data centers and EV adoption. All while supply still remains constrained.

This funds a major expansion into home generation hardware and “The Energy Network,” which incentivizes off peak energy usage with the $ENERGY token.

Big congrats to their team and the @solana ecosystem!