Renewable energy company Fuse has announced the closing of a $12 million strategic financing led by Multicoin Capital, bringing the company’s total funding to date to $90 million.
According to the press release, the company plans to use the funds to launch Project Zero, a renewable energy DePIN project: “As an integrated energy company, Fuse provides distributed energy resource (DER) installation, power trading, and electricity retail. The company currently manages 18 MW of renewable energy projects and has another 300 MW of renewable energy projects in the pipeline. Fuse Energy, a subsidiary of Fuse, is a vertically integrated electricity retailer.” (CoinDesk)