Fuse Secures $12 Million Strategic Funding Led By Multicoin Capital

According to Odaily, renewable energy company Fuse has announced the completion of a $12 million strategic funding round led by Multicoin Capital. This latest investment brings the company's total funding to $90 million to date. The company plans to use the newly acquired funds to launch Project Zero, a renewable energy DePIN initiative. As an integrated energy company, Fuse offers distributed energy resource (DER) installations, power trading, and electricity retail services. Currently, the company manages 18 megawatts of renewable energy projects, with an additional 300 megawatts of projects in the pipeline. Fuse Energy, a subsidiary of Fuse, operates as a vertically integrated electricity retailer.