Fuse Energy, founded by two Revolut executives, Alan Chang and Charles O., has reached $550 million in ARR, achieved profitability within three years, and extended its Series B funding round by an extra $30 million.

The total Series B funding now stands at $151 million with a $5 billion valuation, backed by 20VC and Collaborative Fund.

The company has amassed 300k customers and experienced over 700% revenue growth last year, cementing its position as a leading renewable energy player in Europe.