Fuse Energy reaches group-level profitability just three years after launching and now serves more than 300,000 UK households.
Revenue run rate surpasses $550 million as the company closes an additional $30 million in Series B funding from 20VC and Collaborative Fund.
The vertically integrated energy supplier plans to hire 380 people and expand across Europe and North America.
For decades, the energy industry has operated through a fragmented model. Power generation, trading, distribution, and retail have largely been handled by separate organisations, creating layers of inefficiency that ultimately find their way onto consumers’ bills.
Fuse Energy believes there is a better way.
