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Fuse raises $12 million for renewable energy DePIN project, led by Multicoin Capital
2024-09-13 01:51
Odaily News Renewable energy company Fuse has announced the completion of a $12 million strategic financing led by Multicoin Capital, bringing the company's total financing 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 resources (DER) installation, power trading, and power 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)