How Revolut Veterans Sparked a Clean Energy Unicorn: The Fuse Energy Story

In late 2021, while much of the UK energy sector was imploding—28 suppliers collapsing amid soaring gas prices—two former Revolut execs saw opportunity in the ashes.

Alan Chang, Revolut’s third employee and former chief revenue officer, teamed up with Charles Orr to launch Fuse Energy. Their idea was deceptively simple: vertically integrate renewable energy generation and retail, then optimize both with software. In a market scarred by mistrust and volatility, Fuse promised something radical—reliability, cost savings, and green power.

Founded in 2022, Fuse reached unicorn status in just three years, riding £75M in total funding and supplying 50,000 UK homes by mid-2025. Their edge? A combination of owning solar farms and leveraging predictive analytics to minimize wholesale purchases. “We forecast demand, forecast supply, and buy the difference,” Chang explained. That arbitrage saves households £150–£200 annually.

But Fuse isn’t just a smart middleman. It's also a solar builder, aiming for 1 GW of generation capacity. The bottleneck? Red tape. “Construction takes three months; planning takes two years,” Chang says with frustration. Britain’s energy bureaucracy, not engineering, is the limiting factor.

The company’s big challenge now is trust. The 2021–22 crash of Bulb and others left consumers cautious. Fuse knows this. “The best way to build trust is to actually be good,” Chang says, echoing Revolut’s early ethos.

The irony is sharp: while legacy suppliers struggled to survive price swings, Fuse thrived by building fast, owning generation, and betting that software—not subsidies—would redefine energy.

Fuse may have started as a startup—but it’s now a serious contender in Britain’s energy future.

Sources:

The Times, 26 July 2025

Additional research via Companies House and press coverage on Fuse’s funding rounds and solar projects.