Future Of British Business
Ex-Revolut Exec Launches First UK Energy Supplier Since Crisis
- Fuse was founded by Revolut alumni Alan Chang and Charles Orr
- It’s a sign steadier market is helping new firms make inroads
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Former Revolut Ltd. employees are launching Britain’s first energy supplier in two years, a sign that a more stable market is helping new companies make inroads in the industry.
Fuse Energy Supply Ltd. was founded by Alan Chang and Charles Orr, alumni of the fintech giant, with backing from investors including former Formula One driver Nico Rosberg. Fuse owns solar farms in the south of England and a wind farm in Scotland, and said it will offer the cheapest electricity tariff this summer.