FuseBox balances electricity grid by using already existing energy, instead of fossil fuel generators.
In electricity grid demand and supply of electricity must be balanced in every second. It is a tough job for balancing companies nowadays. Mainly because of massive installation of volatile renewables.
So far, in case of sudden electricity deficit, the balancing company orders more supply from balancing power plants to meet the demand.
FuseBox lowers electricity demand in the whole country to meet the electricity supply. This kind of balancing is cheaper and totally CO2 free. We also avoid building new expensive fossil fuel power plants.
FuseBox focuses on getting the most out of small loads and development of different services from where an aggregator can earn revenue. In this we are unique.
Behing the balancing, FuseBox develops an IT service for trading flexible loads easily and more profitably. As an aggregator we see our future in other developing and opened electricity markets.
Employees: 11-50
Total raised: $2.638458M
Founded date: 2014
Investors 1
| Date | Name | Website |
| 04.08.2021 | Fly Ventur... | fly.vc |
Funding Rounds 1
| Date | Series | Amount | Investors | Deal News |
| 09.12.2022 | - | $2.638458M | Fly Ventur... | ain.capita... |
Mentions in press and media 3
| Date | Title | Description | Source |
| 13.08.2023 | Europe will strengthen its position in these 3 industries wi... | The European startup ecosystem’s decades-long innovation push has already produced widely known bran... | tech.eu/20... |
| 09.12.2022 | Estonian Fusebox raises €2.5M to bring energy flexibility so... | Estonian Fusebox raises €2.5M to bring energy flexibility software to Europe 09 December, 2022, 16:... | ain.capita... |
| - | Fusebox OU | “Fusebox is a bridge between consumers and energy markets to save on energy costs and reduce CO2.”... | fastfounde... |