As reported by BitcoinWorld, Fuse Energy, a Solana-based DePIN project, has raised $70 million in a Series B funding round led by Lowercarbon Capital and Balderton Capital, valuing the company at $5 billion. The project aims to build a decentralized energy grid using blockchain technology, enabling peer-to-peer energy trading. The funding will support development, expansion, and regulatory navigation. The project faces challenges in scaling and regulation but represents a significant milestone for Solana and the DePIN sector.
Fuse Energy Secures $70M Series B Funding, Valuation Hits $5B on Solana
BitcoinWorldShare
Summary
Fuse Energy closed a $70M Series B funding round, led by Lowercarbon Capital and Balderton Capital, at a $5B valuation. The project, built on Solana, focuses on a decentralized energy grid for peer-to-peer trading. The funding will accelerate development, expansion, and regulatory compliance. As a DePIN project, it faces scaling and regulatory hurdles but marks a major step for Solana’s ecosystem. The project’s growth highlights the potential of blockchain in energy infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.