Startups
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.
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.
Overview
Employees
11-50
Total raised
$5.34M
Founded date
2014
Investors 1
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Dec 9, 2022 | Funding round | $2.64M |
Mentions in press and media 6
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Aug 13, 2023 | Europe will strengthen its position in these 3 industries within the next decade | The European startup ecosystem’s decades-long innovation push has already produced widely known brands like Adyen, Klarna, Skype, Spotify, Supercell, Wise, Wolt, and Zalando. And thanks to a strong commitment to the green transition, common... |
| Jan 13, 2023 | #100 Fusebox [software that helps business save on energy, reduce CO2 emission and even earn] | Podcast Guest: Company: Fusebox Co-founder: Tarvo Õng |
| Dec 9, 2022 | Estonian Fusebox raises €2.5M to bring energy flexibility software to Europe | Estonian Fusebox raises €2.5M to bring energy flexibility software to Europe 09 December, 2022, 16:14 Rostyslav Sobachynskyi --> --> --> -->--> --> --> --> --> --> --> --> --> Tallinn-based technolo... |
| Fusebox OU | “We are empowering energy companies with our VPP and advanced EMS solutions for a competitive edge in energy management.” | |
| Fusebox OU | “Fusebox is a bridge between consumers and energy markets to save on energy costs and reduce CO2.” |
Reviews 0
FAQ about Fusebox
When was Fusebox founded?
Fusebox was founded in 2014.
How much funding has Fusebox raised?
Fusebox has raised $5.34M in total across 2 funding rounds.
What funding rounds has Fusebox raised?
Parsers VC lists 2 funding rounds of Fusebox, among them a funding round of $2.64M on Dec 9, 2022.
What has the press written about Fusebox?
Parsers VC has collected 6 articles mentioning Fusebox, among them “Europe will strengthen its position in these 3 industries within the next decade” (Aug 13, 2023) and “#100 Fusebox [software that helps business save on energy, reduce CO2 emission and even earn]” (Jan 13, 2023).
Is Fusebox still active?
Yes, Fusebox is active; its latest activity on Parsers VC dates from Jan 20, 2025.