Fuse Raises $12 Million for Renewable Energy DePIN Project, Led by Multicoin Capital

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September 13, 2024
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Renewable energy company Fuse announced the completion of a $12 million strategic funding round led by Multicoin Capital, bringing the company's total funding to date to $90 million. According to a press release, the company plans to use the funds to launch Project Zero, a renewable energy DePIN project: “As an integrated energy company, Fuse offers distributed energy resource (DER) installations, electricity trading, and electricity retail. The company currently manages 18 megawatts of renewable energy projects, with an additional 300 megawatts in the pipeline. Fuse Energy, a subsidiary of Fuse, is a vertically integrated electricity retailer.” (CoinDesk)

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