Fuse Energy: DePIN Energy Maturation

Introduction

UK electricity consumption has fallen below the global per-capita average, a structural constraint that is economically and climatically counterproductive, especially given that China now generates roughly twice as much electricity per person through higher wind and solar penetration. As the public sector loses capacity to finance and govern large-scale energy and compute buildouts, the burden of scaling the infrastructure required for the intelligence boom is shifting decisively to the private sector, creating an opening for crypto-native coordination layers to own and operate physical infrastructure at scale.

Fuse Energy operates as a vertically integrated energy company spanning renewable generation, wholesale trading, retail supply, and distributed energy coordination. Founded in 2022 by ex-Revolut executives Alan Chang and Charles Orr, the company applies fintech scaling principles to energy infrastructure, targeting 10% cost savings versus incumbent utilities through operational efficiency and in-house control across the value chain.

The company's Energy Network will coordinate distributed energy resources (DERs) like smart thermostats, home batteries, solar panels, and EV chargers to shift demand during grid congestion, positioning Fuse as the infrastructure layer for demand-side flexibility markets. Having secured regulatory approval for its token and reaching a $5B valuation in its third year, Fuse represents the maturation of DePIN energy models from token-subsidized experiments to commercial-grade virtual power plant (VPP) platforms.

DePIN Regulatory Blueprint