CandleFocus Fuse Plugs Solana Token Into Energy Distribution DePIN Play
2024-09-12
Author: Content Editor
London-based renewable energy startup Fuse aims to transform the energy sector by leveraging mobile apps and decentralized technology, including cryptocurrency incentives. The company operates solar and wind farms in the UK and offers a decentralized physical infrastructure network (DePIN) for renewable electricity. Fuse's mobile app allows consumers to track energy usage in real-time and adjust consumption based on the availability of renewable sources. To incentivize participation, Fuse launched Project Zero and its utility token on the Solana blockchain, enabling consumers to earn tokens and receive discounts on energy from Fuse. The company recently raised $12 million in a strategic funding round led by Multicoin Capital. While Project Zero is available to UK customers, regulatory uncertainty prevents its availability in the US.
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