What is Fuse Energy? Earn Solana tokens by using electricity to offset your electricity bill, promising the lowest electricity prices in the UK.

What is Fuse Energy? It combines renewable energy services with decentralized infrastructure through a mobile application, allowing users to track and adjust their electricity consumption based on the availability of renewable energy. It is integrated into Project Zero, a blockchain-based initiative that uses Solana tokens to incentivize efficient energy consumption. Users earn tokens by participating in demand response, which can be redeemed for electricity bill discounts. The company claims its variable electricity prices are always cheaper than those of major suppliers in the UK.

What kind of business model is Fuse Energy: Energy + Blockchain Innovation

What kind of innovation is Fuse Energy? It is the first new supplier to enter the market after the energy crisis. More than two years have passed, and it claims that its floating electricity prices are always cheaper than those of the major suppliers in the UK, offering one of the cheapest fixed electricity prices in the UK. In addition to selling energy rates, the company also operates solar and wind energy in the UK and installs solar panels on residential properties. The company states that its variable tariffs are below the UK's price cap, making it cheaper than the major suppliers in the UK.

In the past, it only provided electricity, but recently it has introduced natural gas rates, expanding its appeal to users of both fuels. It offers a dedicated “electric vehicle tariff” and claims to provide the cheapest off-peak electricity prices in the UK. It is primarily an app-based supplier, and if you are satisfied with the service, you will typically have the best experience. You can register and manage your account online, but the features may be somewhat limited.

Fuse Energy's business model revolves around the source of electricity. First, it offers competitive pricing plans to attract and retain customers. Second, it generates revenue through electricity sales and effectively manages costs. Finally, it drives business plans to expand various programs. The company sources electricity from different providers, including companies specializing in green energy. By purchasing electricity in bulk, the company can secure the most competitive electricity prices and pass on the savings to customers through cheaper pricing plans.

Fuse Energy Core Advantages

Price Advantage: The standard variable electricity price is about £1,712 per year, which is approximately £43 cheaper than the price cap.

Low Fixed Costs: The electricity fee is charged at a fixed rate of 42.93 pence per day, which is below the average price cap of 53.68 pence.

Product Variety: Fixed/Variable single rate, non-peak hours, smart electric vehicle pricing

Application Management: Fully digital experience, 24/7 online service

Project Zero: A Solana-driven Decentralized Energy Network

What kind of blockchain integration is Fuse Energy? The core is the Project Zero initiative. The goal of this initiative is to build the world's largest decentralized energy network, a virtual power plant with 1 terawatt of global renewable energy generation capacity. We are developing a range of products aimed at simplifying the net-zero emissions transition, as well as a token-based economic system to incentivize people to take action immediately.

Project Zero Tokens can be obtained by participating in activities that contribute to network development, and then the tokens can be burned to receive discounts on solar energy, batteries, electric vehicles, energy efficiency upgrades, and extremely cheap renewable energy. The core functions of the program include four major sectors:

In terms of renewable energy, Fuse's goal is to build 1 terawatt of physical and virtual renewable energy generation capacity and offer it to grid participants at a discounted price. The company spent a year establishing a real-time electricity billing system, which laid the foundation for more advanced products. In terms of grid support, utilize your energy resources such as solar, batteries, smart thermostats, and electric vehicles to output green electricity and shift energy demands. Make the grid greener and more flexible while also earning rewards and discounts.

In the field of electric vehicle charging, we are creating world-class electric vehicle charging products that allow you to easily navigate and pay for public charging fees, while also earning income by driving electric vehicles. On the other hand, it will allow any parking lot owner to easily transform their space into an electric vehicle charging station. Imagine achieving smart electric vehicle route planning on a globally decentralized charging network.

In terms of home electrification, a verified installer platform is being built to provide standardized installation processes and financing options, covering solar energy, batteries, electric vehicle chargers, and other decentralized energy sources. You can think of it as the Uber Eats of the installation industry, along with a convenient application to manage your energy.

Token Economics: The Growth Cycle of Value Creation and Value Acquisition

What kind of incentive mechanism is Fuse Energy? “Tell me the incentive mechanism, and I can tell you the result.” — Charlie Munger. One focus of ours when constructing this project is to create an economy that rewards participants for the value they create for the network and the Earth. The growth cycle of Project Zero revolves around two themes: value creation (green) and value acquisition (blue).

In terms of value creation, as the scale of the power grid expands, the deployment of distributed energy and renewable energy also increases. This will have a significant impact on electricity prices. In the electricity market, power generation bidding is arranged from low to high prices, and the bids that meet the demand will determine the price of all electricity sold during that period. As the proportion of lower-priced renewable energy in the bid composition increases, the bid fulfillment rate of higher-priced fossil fuel generation decreases.

As electrification and macro trends drive demand growth, the price gap between renewable energy supply periods and fossil fuel supply periods continues to widen. This creates a higher potential for profit by shifting demand from polluting periods to clean periods. The Project Zero Token provides a way to capture this profit potential, primarily rewarding contributors based on the economic value created by their actions.

In terms of value acquisition, as the internet shifts more demand, this benefits the environment and the grid, resulting in cleaner and lower-cost electricity. Token burn allows users to enjoy lower energy bills and other network cost incentives, such as discounts for solar and energy storage decentralized energy installations. This will increase the demand for tokens and consequently bring higher returns for network activity. In fact, there is already a significant willingness within the community to take these actions. We just need the right incentives to spark this willingness.

90 million USD financing and 2025 roadmap

What kind of financing background does Fuse Energy have? The company has currently raised $90 million from top investors including Multicoin Capital, Accel, Lowercarbon Capital, Ribbit Capital, Anatoly Yakovenko, and Nico Rosberg. This financing lineup is highly compelling, as Multicoin Capital is one of the most well-known VCs in the crypto space, Accel has invested in tech giants like Facebook and Spotify, Anatoly Yakovenko is the founder of Solana, and Nico Rosberg is a former F1 world champion turned green technology investor.

In terms of the roadmap, a points program will be launched in Q1 2025, ahead of the online launch of the main network. The first product demonstration will be showcased at Solana's annual developer conference, Breakpoint. In 2025, the Fuse installer marketplace will go live, Fuse retail energy suppliers will be introduced in multiple international markets, and the Fuse electric vehicle network will also be unveiled.

The company believes that Project Zero will become the world's largest Decentralization energy network, and the project Token will support a universal, globally accepted currency and settlement layer for all energy-related matters. In the future, the development of renewable energy will not be hindered by outdated grid infrastructure, economic electrification will not harm the climate, and people will have autonomous control over the use and production of energy, with clean energy, reasonable prices, and ample supply accessible to everyone.