Revolut Founder Invests in $5B Energy Startup
Update: 2025-12-18
Description
Nikolay Storonsky, founder of Revolut, invests in Fuse Energy, a UK-based energy supplier, through his venture fund QuantumLight. Fuse, co-founded by former Revolut executives, provides power to 200,000 homes and plans to expand into Ireland, Spain, and the US. With a $5 billion valuation, Fuse aims to reduce household bills by developing software, hardware, and renewable energy sources, including balcony solar panels. The company also plans to launch a crypto token, Energy Dollar, to reward customers for off-peak energy usage.
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